BUA Cement sees growth in Nigerian market
This week, BUA Cement completed its NGN115bn (US$291bn) Series 1 corporate bond issue. The company is set on an expansion programme that will result in its production capacit...
Nigeria
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BUA Cement completes NGN115bn Series 1 corporate bond issuance
BUA Cement Plc has successfully completed its NGN115bn (US$291bn) Series 1 corporate bond issue as part of its NGN200bn bond issuance programme. The development is the largest ...
Manufacturers to offer discounted cement for Nigerian housing project
Nigeria’s cement manufacturers have agreed to discount cement prices for the construction of houses under the federal government’s Economic Sustainability Plan (ESP). "They ha...
Mfamosing plant is presented with MANCAP product quality certificates
The Standards Organisation of Nigeria (SON) has presented the Mandatory Conformity Assessment Programme (MANCAP) product quality certificates to Lafarge Africa Plc, Nigeria's ...
Prices escalate by 35% in Nigeria
A rise in cement demand coupled with insufficient supply from the major cement producers has driven up prices by 35 per cent in Nigeria. An investigation carried out by The ...
BUA and Sinoma sign US$1.05bn project agreement
Nigerian cement producer BUA Cement Plc has signed an agreement with Sinoma CBMI of China to build three new cement plants with a capacity of 3Mta in Edo, Sokoto and Adamawa st...
Dangote Cement set to begin share repurchase scheme
Nigeria’s Dangote Cement is planning to begin a share buyback programme, starting with a first tranche of 85.2m shares or 0.5 per cent of the total in issue. The purchase is se...
Nigerian cement price hike causes concern for building standards
The Nigerian Institute of Building (NIOB) has said the significant rise in cement prices in the country and the low purchasing power of Nigerians may result in a danger to buil...
Community petitions Dangote for payment of land ownership entitlements
Members of the Ijako-Orile community in the Yewa North area of Ogun State, Nigeria, have staged a peaceful protest, urging for the payment of their ownership entitlements to th...
Dangote allowed to resume overland exports
Nigeria’s government has allowed Dangote Cement to resume exports across the country’s land borders, reports Bloomberg. The step has raised expectations that the country may be...