Aliko Dangote claims Nigeria's cement sector has been transformed
Aliko Dangote, Africa’s richest man and president of the Dangote Group, says Nigeria’s has become the continent’s leading cement exporter thanks to strategic investments and i...
Nigeria
551 posts · Page 7 of 56
Lafarge Africa facing lawsuit over planned Chinese sale
Lafarge Africa Plc has failed in its efforts to prevent the hearing of a lawsuit brought by a Nigerian company and shareholder attempting to stop its sale to Chinese company...
BUA and Dangote freeze cement prices for Government project
Chairman of BUA Group , Abdul Samad Rabiu, on Thursday announced that the company has agreed to freeze the price of cement for all contractors engaged in projects under the Fe...
Lafarge Africa performs strongly in 1Q25
Lagos-headquartered Lafarge Africa Plc (Holcim Group) has reported sales revenue of NGN248.35bn (US$154.9m) for 1Q25, an 80 per cent increase on the NGN137.7bn of the same p...
Dangote Cement reports 86% surge in profit after tax
In its unaudited results for the 1Q25, Dangote Cement posted a 21.7 per cent YoY increase in revenue to NGN994.7bn (US$617.9m) from NGN817.4bn in the 1Q24. The company attrib...
BUA Cement reports net revenue of NGN290.9bn in unaudited 1Q25
BUA Cement Plc has released its 1Q25 unaudited financial statements. The results show a reported net revenue increase of 80.5 per cent to NGN290.9bn (US$180.3m) from NGN161.1...
BUA Cement doubles revenue in 2024
Profit before tax improved 48.2 per cent YoY to NGN99.6bn from NGN67.2bn in 2023 while profit after tax was up 6.3 per cent YoY to NGN73.9bn from NGN69.5bn over the same period...
Dangote resumes Itori project
Dangote Cement has resumed construction of a 6Mta cement plant in Ewekoro Local Government Area, Itori, Nigeria. The facility will have two lines built on 533ha of land and wil...
Dangote Cement advances post-tax profit by 11% in 2024
Dangote Cement plc reported a 62.2 per cent increase in its group revenue to NGN3.58trn in 2024. Group volumes edged up by 1.6 per cent YoY to 27.708Mt as Nigerian volumes we...
BUA Cement doubles revenue in 2024
BUA Cement plc doubled its revenue to NG876.5bn (US$584.3m) in 2024 from NGN460bn in the prior year. Profit before tax increased 48.2 per cent to NGN99.6bn in 2024 from N...