AshakaCem to complete 16MW power plant in 2019
Nigeria’s AshakaCem (LafaregHolcim group) is constructing a 16MW power station for completion in early 2019. The NGN11bn (US$30.55m) project began in 2017 and is expected to be...
Nigeria
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Nigeria expected to enter growth cycle
Nigeria could be entering the beginning of a growth cycle, suggests research from RMB Nigeria Stockbrokers (RMBNS). Cement consumption has been forecast to increase by seven pe...
Event held to review standardisation of cement in Nigeria
Officials from the Standard Organisation of Nigeria (SON), representatives of professional bodies in the construction industry and academics recently reviewed the quality of Ni...
BUA seeks President's support to end mining rights squabble
Nigerian conglomerate BUA group has asked Nigeria's President, Muhammadu Buhari, to intervene in its argument with Dangote group over limestone mining rights. BUA's Chairman, ...
Lafarge Africa to cut debt by US$270m
Lafarge Africa will use some of the funds raised by a NGN131.6bn (US$415m) rights issue to cut debt by US$270m, as reported by Reuters. The company inherited US$507m in shar...
Lafarge Africa buys out shareholders of Ashaka Cement
Lafarge Africa has bought out the minority shareholders of Ashaka Cement and issued 85.26m shares as part of a share exchange agreement, reports The Nation. The Nigerian cement...
Dangote Cement inaugurates plant in Rep of Congo
Dangote Cement will inaugurate its 1.5Mta cement plant in the Republic of Congo on Thursday. The plant is expected to create approximately 1000 jobs and will become Dangote's 1...
Lafarge Africa receive shareholders endorsement for merger
Lafarge Africa have received the shareholders endorsement for a merger with Unicem and Atlas Cement Company Ltd, according to Nigerian newspaper The Guardian. "The merger is ...
Dangote Cement
Dangote Cement has seen its group revenue increase by 36.5 per cent to NGN603.8bn (US$1.68bn) in the first nine months of 2017. In its unaudited results, the company also annou...
BUA Chairman says the cement industry is vital for Nigeria's foreign exchange
Alhaji Abdulsamad Rabiu, chairman of BUA Group, has said that the local cement manufacturers produce over 25Mt cement thus saving the country US$2m annually in foreign exchange...