Ibeto Group completes planning stages of two new plants
Nigeria’s Ibeto Group has announced that its project with Sinoma to construct two cement plants in Nkalagu and Effium, Ebonyi State, has concluded the planning stages. The firs...
Nigeria
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Dangote to list in London in 2019?
Dangote Cement is considering carrying out its long-planned listing of shares in London after the Nigerian presidential and parliamentary elections on 16 February 2019 and stat...
Dangote to issue shares as part of its NGN150bn Commercial Paper Programme
Dangote Cement Plc has announced the issuance of NGN50bn (US$13.9m) series 1 and 2 notes under its NGN150bn Commercial Paper Programme, announced on 27 June 2018. The serie...
Dangote opens mega warehouse in Nigeria
Dangote Cement Co has inaugurated its mega warehouse in Imo State, Nigeria. The warehouse was officially opened by Governor Rochas Okorocha and the president of Dangote Group, ...
Nigeria's CCNN and Kalambaina Cement to merge
The Board of Directors of Nigeria’s Cement Co of Northern Nigeria (CCNN) and owners of the 0.5Mta Sokoto cement plant have announced that it has informed the Nigerian Stock Exc...
Investors urged to finance Dangote and Lafarge Africa growth
Following last month's approval of a NGN9.1trn (US$25bn) budget for 2018, Nigeria is set to go on a massive infrastructure spending spree. Eager to be at the forefront of ceme...
Dangote Cement begins new Management Trainee Programme
Dangote Cement Plc has begun the training of its newly-hired managers, who were inaugurated at the weekend at the Dangote Academy Ikeja, Lagos. They are being trained under a n...
Ibeto Cement signs deal to receive US$850m in funding
Nigeria’s Ibeto Cement Co Ltd has signed a deal to receive US$850m in financing from Milost Global Inc, according to the New York-based private equity firm. The binding agreeme...
Lafarge Africa plans to cut debt over the next 18 months
Lafarge Africa Plc plans to cut debt over the next two years as it seeks to boost profit before resuming expansion, according to the company’s chairman, Mobolaji Balogun. The c...
A strong domestic market drives Dangote's 1Q18 results
This week Dangote Cement Group reported on its 1Q18 business results that saw group revenues surge up 16.3 per cent to NGN242.1bn (US$0.67bn). Cement sales in Nigeria have be...