Dangote posts 12% rise in 3Q revenue
Dangote Cement plc reported a revenue of NGN761.4bn (US$1.987bn) in the nine months ended 30 September 2020, representing a 12 per cent YoY rise when compared with 9M19, accor...
Nigeria
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Lafarge Africa sees revenue increase 10%
Lafarge Africa has reported a 10.3 per cent YoY increase in revenue to NGN179.88bn (US$464.57m) for the 9M20, against NGN163.1m in the year-ago period. Its profit after tax fro...
BUA Cement shows 21% surge in revenue
Nigeria’s BUA Cement has shown 21 per cent growth in revenue for the first nine months of 2020, rising to NGN156.55bn (US$412.05m) from NGN129.43bn in the 9M19. Profit after ta...
Dangote's IPO on LSE not expected until 2023
Nigeria’s Dangote Cement is not expected to attempt an initial public offering on the London Stock Exchange until at least 2023, according to News 24. "The London listing is ...
Lafarge Africa looks to scale-up Nigeria's road infrastructure
LafargeHolcim Africa hosted a webinar on approaches to rapidly upscaling Nigeria's Economic Infrastructure, yesterday. Nigeria’s Honourable Minister of Works & Housing Guest o...
BUA Cement appoints new CFO
Nigeria's BUA Cement has appointed Jacques Piekarski as its new chief financial officer, effective 2 October 2020. Abdul Samad Rabiu, chairman, stated: "The board is confide...
Dangote Cement PLC offers transparency for 2019 Annual and Sustainability Report
Dangote Cement offered transparency of the facts behind the figures of its combined Annual and Sustainability Report of 2019 in a webinar. The report was presented online yeste...
Nigeria in focus
Nigeria, Africa's biggest cement market, is still pushing the bar in terms of profits for cement companies at a time when other countries are struggling to overcome the financi...
BUA Cement records 13% revenue increase in 1H20
Nigeria’s BUA Cement has announced a 12.7 per cent YoY increase in revenue to NGN101.3bn (US$261.07m) in the first half of 2020, with profit after tax also advancing 13.7 per c...
Dangote's 1H20 results see 2% revenue growth
Dangote Cement reported group revenue up two per cent to NGN476.9bn (US$1.23bn) in the 1H20. Group EBITDA rose to NGN218.1bn and pan-African EBITDA increased by 31.6 per cent t...