New national standard approved in Nigeria
Olusegun Aganga, Minister of Nigeria’s Federal Ministry of Industry, Trade and Investment, has given final approval for a new national cement standard, which will be mandatory ...
Nigeria
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Nigeria: Dangote to stabilise cement price
Speaking to shareholders at the 5th 2013 Annual General Meeting Aliko Dangote, Chairman of Dangote Cement Plc, pledged that his company would intensify direct-to-consumer deliv...
Ashaka Cement 1Q14 profit after tax rise 69%
Ashaka Cement's 1Q 2014 results showed that profit before tax and profit after tax grew strongly by 74 and 69 per cent to NGN2.8bn (US$17.5m) and NGN1.9bn, respectively when co...
Lafarge Wapco first-quarter pretax profit up 20%
Lafarge Wapco said on Monday its first-quarter pretax profit rose to NGN8.62bn (US$54m), up 20 per cent from NGN7.20bn in the same period of last year. Turnover at the Nigeria...
BUA signs gas supply deal for Edo Cement Co
BUA Cement has signed a gas sales and purchase agreement (GSPA) with Nigerian Gas Company (NGC) for its Edo Cement Co subsidiary. Leadership Newspapers reported that the agr...
Ashaka Cement pretax profit declines, Nigeria
Nigeria’s Ashaka Cement said its pretax profit fell last year to NGN2.84bn (US$17.2m) from NGN5.47bn in the last year. Turnover only slipped to NGN21.69bn from NGN21.82bn, t...
Dangote: new capacity development update
Full-year results from Dangote Cement show the company has been outperforming growth in its domestic market of Nigeria as new capacity boosts market share. With a number of ...
Dangote Cement revenue rises 29.4%
Dangote Cement, Nigeria’s largest cement company saw revenues rise 29.4 per cent last year to nearly NGN386.2bn (US$2.45bn), backed by 28.2 per cent growth in domestic volumes....
Dangote Cement
Dangote Cement has recalibrated all three of its Nigerian plants (Ibese, Gboko and Obajana) to produce only 52.5 grade cement. The move follows concerns that sub-standard cemen...
Lafarge WAPCO pretax profit jumps
Lafarge's WAPCO announced on Thursday that its 2013 full-year pretax profit rose 30.3 per cent to NGN27.7bn (US$168.3m). The Nigerian unit of the French cement major also said...