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 which...
Nigeria
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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.
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 marks...
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-up...
Dangote Cement Update
Recorded at the recent Cemtech MEA 2013, DVG Edwin gives an update on the regional expansion and project status of Dangote Cement (Nigeria).
Dangote Cement net profit boosted by increased capacity
Dangote Cement Plc, Nigeria’s largest cement producer said full-year profit gained 24 per cent attributed to increased capacity improving sales.
Lafarge Nigeria pretax profits more than doubles
Lafarge's Nigerian unit, WAPCO, said its full-year pretax profit more than doubled to NGN21.26bn (US$134.26m), compared with NGN10.34bn a year ago. Turnover also rose to NGN87.9...
MoU signed for new mini cement plant in Nigeria
Sokoto State Government has signed a Memorandum of Understanding (MoU) with Brewtech Nigeria Ltd, to establish a mini cement company in the state. The project is expected to hav...
Nigeria considers new tariff on imports to protect local producers
The Nigerian government is considering imposing a new tariff on imported bulk cement following an influx of volumes which are said to have caused a glut in the market.
Unicem to invest US$500m in new line, Nigeria
United Cement Company (UNICEM) has said it plans to spend US$500m on a second line at it cement works in Nigeria and will boost investments going forward amid an increasingly co...