Nigeria is in the middle of a new cement capacity frenzy
Nigeria already has the largest cement capacity in Africa, and it is about to add even more. This week, the Edo State Government agreed on a new 10Mta cement plant with a Chine...
Nigeria
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BUA Cement 1Q26: Profits double to NGN176bn
BUA Cement has kicked off its 2026 fiscal year with a powerhouse performance, reporting a 22.1 per cent revenue jump to NGN355bn (US$2.6bn) for the first quarter. The company...
Nigerian homeownership dreams crumble as cement prices soar
For millions of Nigerians, the goal of owning a home is moving out of reach as the cost of essential building materials skyrockets. By March 2026, the price of a 50kg bag of ce...
BUA Cement to boost capacity with new plants in Edo and Sokoto
BUA Cement Plc is accelerating its infrastructure development with plans to build two major facilities aimed at expanding its production capacity and market reach. Managing D...
British Steel signs GBP70m Nigerian contract
The agreement will see British Steel supply 120,000t of steel to support modernisation projects at Tin Can Island and Lagos Apapa port. The contract is for 140mm rebar-type gra...
Senegal government acquires 10 per cent stake in Dangote subsidiary
Dangote Cement has sold 10 per cent of its Senegalese subsidiary to the government, strengthening the state's participation in the strategic industrial sector while consolida...
Nigerian cement profits surge as export ambitions grow
Nigeria’s three largest cement producers — Dangote Cement , BUA Cement and Huaxin Cement-owned Lafarge Africa — have all reported strong financial results for 2025, reinfo...
Lafarge Africa surpasses NGN1trn revenue
Lafarge Africa Plc , a subsidiary of Chinese company Huaxin Cement , has reported net sales of NGN1.07trn (US$0.71bn) in 2025, up 53 per cent YoY, marking the first time the ...
Dangote Cement reports record NGN1.01trn profit in FY25
Dangote Cement Plc has reported record profit after tax of NGN1.01trn (US$0.67bn) for the year ended 31 December 2025, up 101.7 per cent from the previous year. Earnings per ...
BUA Cement reports record revenue and 367% rise in PBT in FY25
BUA Cement Plc has reported record revenue of NGN1.18trn (US$0.79bn) for the year ended 31 December 2025, representing a 34.6 per cent increase from NGN876.5bn in 2024. Pr...