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 NG...
Nigeria
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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 ...
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 ...
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 ...
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...
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...
Dangote Cement reports rise in group revenue for 2018
Nigeria’s Dangote Cement announced a 11.9 per cent YoY rise in group revenue to NGN901.2bn (US$2.48bn) from NGN805.6bn for the full-year 2018 period. The results were driven by...
Unitherm-Cemcon commissions rotary burner order
Unitherm Cemcon successfully commissioned the firing system for a new 6000tpd plant in Nigeria (Edo State) in December 2018. The greenfield plant of BUA Cement group was suppli...
Ashaka Cement to start 16MW power plant
Ashaka Cement Co is set to inaugurate a 16MW power plant project in Nigeria. Managing Director of Ashaka Cement, Rabiu Abdullah Umar, said the power plant costs US$30.5m. "We ...
Olesegun Olusanya resigns from Dangote Cement board
Olusegun Olusanya has resigned form Dangote Cement Plc's Board of Directors. The cement maker disclosed on Monday Mr Olusanya informed the board that he would pursue other oppo...