Nigeria: Dangote majority contributor to solid mineral revenues
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that Dangote paid NGN15.9bn (US$80m) in taxes on solid minerals in 2013, more than the rest of th...
Nigeria
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Zimbabwe: Dangote investment
Nigerian billionaire Aliko Dangote has said he will not rescind on the decision to invest in Zimbabwe, despite negative reports concerning the country’s economy. Mr Dangote s...
LafargeHolcim: cement volumes up 1.4% but revenues flat
In its results for 1Q16, LafargeHolcim announced that cement volume sales rose by 1.4 per cent YoY with the Asia-Pacific region accounting for most of the improvement. Like-for...
Nigeria: Ashaka building power plant
Management of Ashaka Cement Plc has concluded plans to build its own power plant due to concerns over an inadequate supply of electricity to power its operations. Alhaji Sule...
Dangote Cement
Dangote Group has signed a US$2bn loan with the Industrial Commercial Bank of China Ltd for its two new cement plans in Nigeria. Work has already begun on one factory in Okpell...
Lafarge Africa posts US$9.5m quarterly loss as price squeeze bites
Nigerian-based Lafarge Africa has seen revenues fall by 29 per cent to NGN52.4bn (US$263m) in the first quarter of 2016, leading the company to record an after-tax loss of NGN1...
Dangote: 1Q2016 profits down 22% as volumes rise 70%
Dangote Cement has released its results for the year to March 31 2016. During this period volume sales grew 69.6 per cent to 6.4Mt, while profits slipped from NGN70bn (US$352m)...
Dangote: Nigeria’s currency woes will not alter expansion plans
Dangote Cement’s annual general meeting, held in Lagos, has seen Aliko Dangote set out his plans to grow the business despite worsening economic conditions, particularly in the...
Nigeria: Lafarge Africa sees FY15 growth of 2.5%
Lafarge Africa recently released its FY15 financial results, which showed a 2.5 per cent YoY growth in revenue and a 20 per cent decline in profit after tax, PAT, over the same...
Nigeria: Dangote signs US$2bn Chinese bank loans for two cement plants
Dangote Group has signed a deal on Tuesday for a US$2bn loan from the Industrial Commercial Bank of China Ltd for two cement plants, according to Reuters. “The interest rate i...