Ashaka Cement approves Lafarge Africa's acquisition deal
Shareholders of Ashaka Cement Plc have approved the complete acquisition of the company by Lafarge Africa, in a deal with a cash consideration of NGN604.092m (US$16.8m) and t...
Nigeria
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Dangote Group implores Nigeria's federal government to back concrete roads
Devakumar Edwin, executive director, strategy, portfolio development and Projects, Dangote Industries Limited, has appealed to Nigeria's federal government to embrace concrete ...
Dangote sets eyes on PPC Group
Aliko Dangote is considering counter offers for the PPC Group and as such could spark a bidding contest for South Africa’s largest cement producer, reported The Star who quoted...
BUA’s sees completion of new 3Mta Edo line
Nigeria’s Vice President, Yemi Osinbajo, inaugurated the 3Mta second production line at BUA’s Obu cement plant in Okpella, Edo state. “This project is a big boost to the Nig...
Lafarge Africa and COREN develop Nigeria's first concrete manual
Lafarge Africa Plc is set to partner Council for the Regulation of Engineering in Nigeria (COREN) in the research and development of Nigeria’s first concrete mix design manual....
Lafarge board approves merger with Unicem, Atlas Cement
The board of directors of Lafarge Africa has approved the commencement of a merger with United Cement Company (Unicem) and Atlas Cement Co, according to a statement by the comp...
Dangote Cement sells 2.3% stake to foreign investors
Nigeria's Dangote Industries Ltd sold a 2.3 per cent stake in Dangote Cement to foreign investors on Tuesday in a stock market deal valued at NGN86.1bn (US$236m), Reuters rep...
Moody's assigns first-time Ba3 and Aaa.ng ratings to Dangote Cement
Moody’s has assigned a first-time Ba3 Local Currency Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating and Aaa.ng National Scale Rating (NSR) to Dangote Cemen...
Ashaka Cement confirms delisting from NSE
Ashaka Cement Plc has formally notified its shareholders and the general public of its delisting from the Nigerian Stock Exchange (NSE). In a statement issued on Tuesday sig...
Dangote Cement
Production is due to start at Dangote’s new 1.5Mta cement grinding plant in Bouansa, Republic of Congo, this month, according to the company. The US$300m facility will take the...