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 ne...
Nigeria
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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 agreemen...
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 co...
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 been ...
Dangote orders first MVR and MPS mills from Gebr Pfeiffer
Dangote Cement PLC has ordered a Gebr Pfeiffer MVR 6000 R-4 for raw material mill and an MPS 3350 BK coal mill for its new Okpella plant in Edo State, Nigeria. This order is the...
Dangote Cement Group's revenue up 16% in 1Q18
Dangote Cement group released its 1Q18 results and reported revenue up 16.3 per cent to NGN242.1bn (US$672m). This gives Dangote a market share of approximately 66 per cent. Gro...
Loesche wins VRM order for Objana's Line 5
Loesche is delivering two vertical roller mills (VRM) for Dangote Cement's Obajana plant's new line in Kogi State, Northern Nigeria. With a total capacity of more than 12Mta, th...
Lafarge Africa records sales increase in 2017
A NGN33bn (US$105m) write-down on Lafarge Africa’s operations in South Africa and Nigeria resulted in a wider loss for 2017, according to Reuters. The one-off impairment charge ...
CEO to list BUA Cement on the Nigerian Stock Exchange
The founder of BUA Group, Abdulsamad Rabiu, has announced plans to list the cement sector of the company on the Nigerian Stock Exchange (NSE).
CCNN record 39% increase in revenue for 2017
Cement Company of Northern Nigeria (CCNN) Plc has announced a 39 per cent YoY increase in revenue for the full-year 2017 period, to NGN19.59bn (US$54.41) from NGN14.09bn. Despit...