Ashaka Cement appoints two new directors, Nigeria
Nigeria-based producer Ashaka Cement has announced the appointment of two new directors, the company said in a statement to the Nigerian Stock Exchange. The two new members ar...
Nigeria
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Ashaka Cement first-half pretax profit falls 54.4%, Nigeria
Ashaka Cement reported a 54.4 per cent decline in first-half 2013 pretax profit to NGN1.65bn (US$10.3m) from NGN3.55bn a year ago. Turnover also fell to NGN11.81bn during the ...
Dangote sees 53% pretax profit rise, Nigeria
Dangote Cement plc announced a NGN107.7bn (US$670m) profit before tax for the first half ended 30 June 2013. According to the firm’s six-month financial result released to t...
South African firm stakes NGN45.7bn on Dangote Cement
Public Investment Corporation of South Africa (PIC) Monday bought 255,607,605 shares or 1.5 per cent of Dangote Cement Plc for NGN45.75bn (US$0.29bn) from Dangote Industries. P...
Nigeria government outlines savings from reduced imports
The decision by the Nigerian government to not issue cement import licences in 2012 and focus on meeting domestic needs internally has saved the country approximately NGN300bn...
Dangote breaks ground on Tanzania plant
Dangote Cement has marked the next step of its impressive African expansion drive by laying the foundation stone for a new cement plant in Tanzania. "The groundbreaking cere...
Lafarge WAPCO's debt reduction plans
Lafarge WAPCO plans to pay off a NGN6bn (US$40m) in local debt this year, according to reports by Reuters. The company owes about NGN28.4bn (US$180.43m) in total loans, of wh...
Lafarge Wapco pretax profit rises over 20%, Nigeria
Lafarge Wapco's first-quarter pretax profit rose by 20.64 per cent YoY to NGN7.19bn (US$45.5m), compared to NGN5.96bn in the same period of last year. Revenues rose to NGN23...
Siemens to supply Edo Cement with gas turbines, Nigeria
Siemens Energy has been awarded an order for three of its model SGT-500 gas turbines to Edo Cement for a new plant being constructed by the BUA Group in Nigeria. The order mark...
Dangote sees strong start to second quarter, Nigeria
Nigeria’s largest cement producer, Dangote Cement, has said strong demand in April is likely to help boost second-quarter revenue to NGN98.5bn (US$623.3m). However, the start-u...