BUA Cement links high Nigerian cement prices to energy and FX costs
BUA Cement has attributed high cement prices in Nigeria to rising energy, transportation and foreign exchange-related costs, despite recent improvements in currency market stabi...
Nigeria
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Lafarge Africa to rebrand as HBM Nigeria
HBM, short for Huaxin Building Materials, follows the sale of Holcim's 83 per cent stake in Lafarge Africa to Huaxin Cement in December 2024. The name change will require amendm...
Dangote Cement reportedly considering London listing
Dangote Cement is reportedly considering listing part of its cement business in London as the company seeks wider access to international capital markets to support its pan-Afri...
Dangote Cement reports strong 1Q26
Dangote Cement reported strong 1Q26 results, supported by higher sales volumes, improved margins and growing export activity across its African operations. Group revenue increas...
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 Chines...
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’s ...
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 cem...
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 Dire...
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 grad...
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 consolidatin...