Nigeria: UNICEM Mfamosing's second line commissioned
United Cement Co of Nigeria (UNICEM) commissioned its new line at Mfamosing, Cross River State, in September 2016. Loesche has since announced its scope of supply for the proje...
Nigeria
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Nigeria: Ashaka Cement to delist from NSE
LafargeHolcim subsidiary Ashaka Cement has said that it will voluntarily delist its shares from the Nigerian Stock Exchange (NSE) after the freely-tradable proportion fell belo...
Nigeria: cement sector still imports 75% of its gypsum
Nigerian Society of Engineers (NSE) President, Dr Ebenezer Damisa, has stressed the need for Nigeria to strengthen its mining institutions to curb illegal importation of raw ma...
Dangote sees 21% rise in revenues, but drop in profit for 3Q16
Dangote reported a revenue of NGN442bn (US$1.4bn) for the nine months ended 30 September 2016, representing a 21 per cent YoY increase from NGN365bn in 9M15. Profit after tax...
Nigeria: Lafarge raided and closed for suspected for tax evasion
Lafarge Cement Co Ltd in Onne and IGPES, an engineering company, in Port Harcourt, were raided by Nigerian enforcement officers from the Federal Inland Revenue Service (FIRS) o...
Dangote
Despite a 15 per cent increase in sales in Nigeria in July and August this year, Dangote Cement has been forced to increase its cement prices in the country due to escalating c...
Nigeria: Lafarge Africa refinances with five-year bonds
Lafarge Africa (LafargeHolcim Group) has raised NGN60bn (US$184m) by issuing three and five-year bonds through book building. The cement producer issued a three-year bond at 14...
Nigeria: producers encouraged to use tyres as raw material
The Standards Organisation of Nigeria (SON) has approached local cement producers, encouraging them to use tyres as a raw material for firing kilns. Acting Director General ...
Nigeria: Sokoto Cement will have 60MW power by mid-2017
Sokoto Cement (Cement Company of Northern Nigeria Plc) will build two additional power plants by mid-2017 that will enable the company to generate at total of 60MW of electrici...
Nigeria: Bricklayers threaten protest over cement prices
The Lagos State Bricklayers Association have called on the Nigerian government to take action to lower cement prices, the Nation reports. According to the newspaper, if the ...