Dangote Cement looks to raise NGN100bn from bonds
Nigeria’s Dangote Cement is seeking to raise up to NGN100bn (US$257.23m) from the bond market, under its NGN300bn debt issuance programme. The funds from the company’s first o...
Nigeria
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BUA provides funds for COVID-19 relief in Nigeria
Nigeria’s BUA has fulfilled a pledge by transferring NGN1bn (US$2.6m) of funds to the COVID-19 relief account with the Central Bank of Nigeria. In addition, the group also a...
Dangote Cement sees modest revenue decline in 2019
Nigeria’s Dangote Cement has seen a modest 1.1 per cent YoY decrease in revenue to NGN891.67bn (US$2.45bn) for 2019, compared to NGN901.21bn in the previous year. EBITDA also f...
Dangote Cement receives approval for share buyback
Nigeria’s Dangote Cement has received shareholder approval to complete a share buyback scheme within 12 months. Under the plans, 1.7bn out of a total of 17.04bn ordinary shares...
BUA Cement formally lists on Nigerian Stock Exchange
Nigeria’s BUA Cement has been formally listed on the country’s stock exchange with a market capitalisation of over NGN1.2trn (US$3.32bn). The listing brings a conclusion to the...
Shareholders approve CCNN-Obu merger
Shareholders of Cement Co of Northern Nigeria (CCNN) and Obu Cement Co have unanimously approved the merger of the two entities into Obu Cement plc. This implies that all the...
Dangote plans to construct 1.5Mta plant in Togo
Nigeria’s Dangote Industries Ltd has reportedly signed a contract with the government of Togo to build a cement factory in the country. The 1.5Mta grinding plant is expected to...
Dangote Cement Group's unaudited 9M19 results see volumes rise 1.1%
Dangote Cement Group's unaudited results for the 9M19 to 30 September 2019 saw group volumes up 1.1 per cent to 18Mt and Nigerian sales up 0.6 per cent to 10.8Mt, driven by s...
BUA Group consolidates cement subsidiaries
BUA Group, has announced the consolidation of its subsidiaries Cement Company of Northern Nigeria Plc (CCNN) and Obu Cement Company Plc. The move is part of its bid to deepen ...
Cement Co of Nigeria doubles 9M revenues
Cement Co of Nigeria saw 9M revenue advance 117.2 per cent to NGN42.51bn (US$5.3bn) in 2019 from NGN19.57bn in the 9M18, reports Reuters News. In addition, the company posted...