Dangote rolls out price cuts, Nigeria
Dangote Cement yesterday said it has reviewed the price of its cement in Nigeria and announced a price cut of NGN100 (US$1)/50kg bag. Speaking to local journalists, the comp...
Nigeria
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Unicem kicks off Mfamosing expansion project
The groundbreaking ceremony for United Cement Co of Nigeria’s (Unicem) new 2.5Mta line at its Mfamosing works took place on Tuesday, 2 September 2014 in the presence of the cou...
Lafarge Cement Wapco pretax profit and revenue rise
Lafarge Cement Wapco reported a double-digit rise in pretax profit and revenue for the first half of 2014 as demand remained strong despite the rainy season slowing building ac...
Nigeria: Dangote pretax profit dips
Nigeria's Dangote Cement said on Friday its half-year pretax profit fell to NGN107.06bn (US$659.4m), down 0.57 per cent from NGN107.68bn a year ago. However, turnover rose to ...
Nigeria: Ashaka trebles profit in 1H14
Nigerian Lafarge subsidiary Ashaka Cement has reported a 1H14 profit after tax of NGN3.51bn (US$21.5m), a 201 per cent increase than its 1H13 figure of NGN1.15bn. Pretax profit...
Ashaka to fast-track Gombe plant expansion, Nigeria
The board of directors of Nigerian producer Ashaka Cement plc, with the support of parent company Lafarge, has agreed to fast-track the expansion of its US$617m cement plant in...
Lafarge expansion to upset Dangote Cement plans?
Lafarge Wapco’s shareholders have approved the merger between the Nigerian unit of French cement maker Lafarge, Lafarge Wapco, and its wholly-owned South African subsidiary. Th...
Nigeria: Lafarge to invest US$307m into Ashaka Cement expansion
Ashaka Cement (Lafarge Group) has secured a NGN50bn (US$307m) credit facility, in addition to internally-generated cash flows to expand its cement production base. Umaru Kwa...
Nigerian cement industry backs 42.5 grade cement
Major cement producers in Nigeria have pledged their commitment to the House of Representatives’ position that 42.5MPa grade cement is to become the minimum standard of cement ...
Nigeria: authorities urged to sanction slow regulation compliance
Cement distributors and block makers in southeast Nigeria have urged the regulatory authorities not to back down on the recently-reviewed quality standard and grading of cemen...