New Nigeria cement plant under planning
The Abuja Chamber of Commerce Industry, Mines and Agriculture (ABUCCIMA) announced it is to build a cement factory in Abia state, Nigeria, in partnership with foreign investors...
Nigeria
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Nigeria eliminates need for imports in first nine months
The Cement Manufacturers Association of Nigeria (CMAN) has stated that Nigeria has not imported cement since the beginning of the year, thus helping the Federal Government’s ai...
Ashaka Cement sees profits rise 54 per cent
Nigeria-based Ashaka Cement plc has reported a YoY increase in profits of 54 per cent from NGN1.614bn (US$10.3m) to NGN2.489bn for 2Q2012 ended 30 June 2012. The company saw tu...
Nigeria: Dangote Group employment drive
To generate more employment in the area, Dangote Group has unveiled plans to establish an agro-sacks manufacturing company at Ibese, Ogun state, to complement the Dangote Cemen...
Lafarge: July '12
Lafarge's 1H turnover increased by an underlying 4.9 per cent to €7614m and the EBITDA rose by 7.8 per cent to €1523m, while the trading profit increased by 14.7 per cent to €1...
Dangote Cement pretax profit rises, Nigeria
Nigeria’s leading producer Dangote Cement said on Thursday its pretax profit for the first half grew by 23 per cent YoY to NGN71.3bn (US$443m), from NGN58.1bn last year. Turno...
Lafarge WAPCO pretax profit rises, turnover falls, Nigeria
Lafarge WAPCO said on Tuesday that its 1H12 pre-tax profit rose 19 per cent YoY to NGN12.18bn (US$76m). However, turnover fell to NGN46.34bn during the period from NGN62.50bn a...
Dangote Cement applies for two-year free float extension, Nigeria
Dangote Cement Plc is seeking an extension of the free-float waiver it secured from the when it merged with Benue Cement Company Plc two years ago, reports from the Nigerian S...
Lagos state agrees deal with Lafarge and Dangote
The Lagos State Government has signed a new deal with Dangote Cement Plc and Lafarge Cement WAPCO Plc to ensure undisrupted cement supplies to construction firms contracted to ...
Cement Co of Northern Nigeria reports 48% drop in quarterly profit
Cement Company of Northern Nigeria Plc has reported a 48 per cent drop in first-quarter profit. Net income for the three months through March declined to NGN268m (US$1.7m) fro...