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. The...
Nigeria
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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.
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 q...
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 cement...
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 f...
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 com...
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 Nigerian ...
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 agreeme...
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, the c...