Ashaka Cement appoints new CFO, Nigeria
Ashaka Cement Plc announced Bruno Bayet as new Chief Finance Officer (CFO) of the company. In a statement to the Nigerian Stock Exchange (NSE), the Nigeria-based cement prod...
Nigeria
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Exports loom: Dangote has 29Mta of production in sight
Alhaji Aliko Dangote, president of Dangote Group of Companies, said the company's cement production will hit 29Mt in Nigeria by December this year, while exports will be the ne...
Lafarge
Lafarge has agreed the sale of its wholly-owned Russian subsidiary Uralcement to Buzzi Unicem for EUR104m and the proceeds will be used to reduce Lafarge's net debt. In May, La...
Nigeria: Benue State to sell remaining Dangote Cement plc stake
Nigeria’s Benue Investment and Property Co Ltd is expected to sell the remaining Dangote Cement plc shares held in trust for the state’s inhabitants on the Nigerian Stock Excha...
Nigeria’s SON starts cement standards enforcement
Concerned by the high rate of building collapse across Nigeria in recent times, the Standards Organisation of Nigeria (SON) held a zonal stakeholders' forum on blocks and alli...
SON begins implementation of cement standardisation
The Standards Organisation of Nigeria (SON) has begun the implementation of its new cement standardisation and reclassification scheme. During a zonal stakeholders’ forum on...
Lafarge Africa completes consolidation process
Lafarge Africa Plc, formerly Lafarge Cement Wapco Nigeria Plc, has announced the completion of its acquisition of the Lafarge group’s shareholdings in Lafarge South Africa Hold...
Unicem cuts 32.5 grade prices, Nigeria
United Cement Company of Nigeria (Unicem) has decided to reduce the price of its 32.5 cement grade by NGN125, Bukola Adebisi, technical service engineer of the company, announc...
Dubai to acquire interest in Dangote Cement
Investment Corporation of Dubai (ICD), the main investment arm of the Emirate of Dubai, has agreed to purchase a minority interest in Nigeria's largest cement manufacturer,...
CCNN first-half net income boosted by cost cuts, Nigeria
The Cement Company of Northern Nigeria (CCNN) achieved a 91 per cent increase in profit for the first six months of the year helped by a reduction in operating and financing co...