CCNN records 166% rise in revenue for 1H19
The Cement Company of Northern Nigeria has reported a 166 per cent YoY increase in sales revenue for the first six months of 2019, rising to NGN32.1bn (US$88.8m) from NGN12.11bn...
Nigeria
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Association calls for lower cement prices in Nigeria
Oyebamiji Dauda, chairman of the Lagos State Bricklayers’ Association, has urged the federal government of Nigeria to address the rising cement prices and as a result, increase ...
Dangote Cement clocks in with iris technology
Dangote Cement is keeping an eye on staff arrival and attendance with an iris recognition system to keep tabs on its 30,000 employees located in five countries in Africa. Dangot...
Dangote releases 2018 sustainability report
Dangote Cement Plc has published its first standalone sustainability report and has confirmed its readiness to support the Nigerian Stock Exchange (NSE) in its ambition to host ...
Dangote Cement
The first quarter of 2019 saw Dangote Cement report a 2.3 per cent YoY increase in volumes to 6.3Mt. Over the same period, however, group revenue declined by 0.8 per cent to NGN...
Post-merger CCNN reports improved 1Q19 results
Nigeria’s Cement Co of Northern Nigeria (CCNN) saw its net profit after tax soar by 236 per cent YoY to NGN3.636bn (US$10.1m) in the first quarter of 2019 ended 31 March. The me...
Dangote Cement sees volumes rise, revenues down in 1Q19
Dangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and g...
Ebonyi plant receives government approval
The establishment of Ebonyi Cement factory (EBOCEM) at Okpoto, Ishielu, Nigeria, has been approved by Ebonyi State Governor, David Umahi. Meanwhile, a committee that will be led...
CCNN reports record net profit of NGN5.7bn in FY18
Cement Company of Northern Nigeria (CCNN) has released its FY18 results, reporting a net profit of NGN5.7bn (US$15.75m) , 77 per cent higher than in 2017. The earnings report is...
BUA Group signs contract for new power plant
Nigeria's BUA Group has signed a contract with Finland-based Wartsila Oy for the construction of a 48MW power plant at its Sokoto Cement facility. The power project will supply ...