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 ...
Nigeria
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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 Sto...
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 h...
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) from ...
Dangote to be issued with Zambian mining licence, Zambia
An advisory committee set up by the Zambian government is to meet within the next two weeks and issue a mining licence to Dangote Cement of Nigeria. The delay to the issuance ha...
Dangote Cement to improve distribution network, Nigeria
The management of Dangote Cement said it was reviewing its distribution network to ensure availability of the product by creating wider access for its customers. The company sai...
Lebanon demand falls, brighter times anticipated
Despite a slowdown in current market activity, a bright future lies ahead for Lebanon’s cement industry, according to the chief of one the country's leading producers.
New Nigerian plant to begin production soon
Cement production at the Igumale Cement Factory in Nigeria is to commence this month, according to local press reports. The 600,000tpa cement factory situated in Benue State, is...
Dangote targets US$35bn-40bn London listing, Nigeria
Nigerian billionaire Aliko Dangote is targeting a market capitalisation of US$35-$40bn for his cement company when he lists it in London next year, he told Reuters on Wednesday....
Dangote commissions Obajana Line 3, Nigeria
Aliko Dangote has commissioned the expansion of his Obajana cement plant, raising capacity to 10.5Mta. The additional 5.25Mta line is part of the company’s efforts to make it a ...