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
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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.
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 electricit...
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 auth...
Ethiopia: Dangote plant attracted with cheap power deal
Dangote’s decision to establish a 2.5Mta cement plant in Ethiopia was motivated by a government guarantee of cheap electricity, Muhammadu Sanusi, the Emir of Kano, has claimed a...
Nigeria: cement price rise will impact house building
Cement dealers in Umuahia have spoken out against the rise in the retail price of cement, which have been raised by almost 50 per cent recently. The hike was caused by the high ...
Dangote announces price rise, starts coal mining in November
Dangote Cement's sales growth remains robust with Nigerian vollumes up 15 per cent in July and August. However, in the current quarter, the company has seen disruption to the ga...
Nigeria: cement prices in Lagos rise by over a third
The price of bagged cement in Lagos has risen sharply overnight, according to reports in The Nation. A 50kg bag now retails for between NGN2200 and NGN2300 (US$7-7.30), a rise o...
Nigeria: removal of cement tax incentive
The removal of pioneer status tax incentive for the cement industry has caused concerns for operators in the real sector, who feel the development will send the wrong signal to ...
Nigeria: Lafarge Africa complains of inadequate gas supply
Management at Lafarge Africa’s plants at Ewekoro and Sagamu, Ogun State, have voiced their concerns over the inadequate gas supply to their operations. Production managers at th...