AshakaCem chairman resigns
Mallam Suleiman Yahyah, chairman of Nigeria-based AshakaCem Plc, has tendered his resignation from the company. “In line with the listing requirements of the Nigerian Stock E...
Nigeria
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CCNN earnings recover on strong prices
The Cement Company of Northern Nigeria (CCNN) reported sizeable growth across all profit lines in the first quarter of 2017. In line with trend observed across other industry p...
Dangote Cement delivers strong financial performance
Dangote Cement reported a strong financial performance in 1Q17 despite a fall in volumes, with record revenues which were up by 48.1 per cent to NGN208.2bn (US$679.6m) and reco...
Lafarge Africa revenue rises
Lafarge Africa Plc announced a profit after tax of NGN5.2bn (US$17m) versus NGN1.9bn in the same period of last year driven by an increase in revenue, comparatively higher gros...
Nigeria: Ashaka Cement sees 27% profit drop in 2016
In its audited results Ashaka Cement reported revenues slipping to NGN17.351bn (US$56.8m) in 2016 from NGN17.145bn the previous year. Profit before tax fell from NGN3.209bn ...
Dangote Cement
Dangote reported cement sales of 2Mt in Ethiopia in 2016, giving it an estimated market share of 24 per cent, despite renewed competition in 4Q16. The company’s 2.4Mta plant...
Lafarge Africa reports EBITDA FY16 of NGN29bn
Lafarge Africa plc reports a significant increase in profit after tax in 4Q16 while net sales and operating EBITDA rose by 12 and 288 per cent, respectively in 4Q16. However...
Nigerian government commends Dangote Cement self-sufficiency feat
The Nigerian government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the f...
Nigeria: 1.68Mta integrated cement plant has been proposed for Ogun state
A new 1.6Mta integrated cement plant has been proposed near Ewekoro, Ogun state, Nigeria, and an environmental and social impact assessment is being carried out. Southport ...
Nigeria: Dangote exports 0.4Mt in 2016
Following a continuous increase in its production capacity, Dangote Cement marked the end of Nigeria’s dependence on imported product by exporting 0.4Mt in 2016. In its 2016...