Ashaka impacted by insurgency, lengthy rainy season
Nigeria-based Ashaka Cement Plc’s first-quarter profit fell by 53.54 per cent to NGN889.01m (US$4.5m) in the first three months of this year as insurgency disrupted operations ...
Nigeria
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Dangote revenues boosted by new capacities
Dangote Cement reported a double-digit rise in first-quarter revenue, boosted by contributions from its new factories in Africa. Group cement sales volumes rose by 3.4 per ce...
Ashaka 1Q pretax profit down 59%, Nigeria
Nigeria's Ashaka Cement first-quarter pretax profit fell 58.8 per cent to NGN1.16bn (US$5.8m) from a year ago, the company said on Monday. The decline was partly attributed to ...
FLSmidth reaches agreement to exit O&M contracts in Nigeria
In November 2013 FLSmidth signed a number of contracts with the Nigerian cement producer Dangote Cement PLC for operation and maintenance of production lines at their Ibese and...
Ashaka Cement pretax profit rises 84.5%
Nigeria's Ashaka Cement 2014 pretax profit rose 84.5 per cent to NGN5.25bn (US$26m) from year ago, the company said on Tuesday. Revenue declined by 2.58 per cent during the pe...
Dangote Cement pretax profit down 3.2%
Dangote Cement's pretax profit fell 3.2 per cent to NGN184.68bn (US$928m) last year due to a gas shortage and the impact of wet weather on construction activity, the company sa...
AshakaCem Plc appoints new chairman, Nigeria
AshakaCem Plc, a subsidiary of Lafarge Africa Plc, has appointed Malam Suleiman Yahyah as its chairman. The appointment followed the expiration of the tenure of Alhaji Umaru ...
Lafarge increases stake in Unicem
Lafarge Africa Plc has notified the Nigerian Stock Exchange that Nigerian Cement Holdings BV (NCH), a 50 per cent affiliate of Lafarge Africa, has completed the acquisition of ...
Dangote Cement
Nigeria’s construction industry is urging Dangote Cement to put into effect the promised cement price cuts, as announced in November last year. Despite the company revealing pl...
Dangote Cement appoints new CEO
Dangote Cement Plc has appointed Onne van der Weijde as chief executive officer, effective 1 February 2015. Mr Van der Weijde, ex-Holcim India head, will take the helm from Da...