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....
Nigeria
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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 will...
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 were ...
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 NGN67.2b...
Lagos State partners with Lafarge Africa on waste-to-energy initiative
The Lagos State Government has signed a Memorandum of Understanding (MoU) with Lafarge Africa Plc for the collection of non-recyclable combustible waste across the state and lan...
Dangote Chairman claims Nigerian government thrives on profitable private sector
The Chairman of Dangote Group , Aliko Dangote, has said the government is taking 52 per cent of its income from his company, Dangote Cement Plc. He cites the substantial private...
BUA Cement drives industrial growth in Edo State
BUA Cement is transforming Okpella, Edo State, Nigeria, into a centre of industrial activity. Plans are underway to increase BUA Cement’s production capacity to 20Mta by 2027. S...
Nigerian producers under pressure to reduce prices
The price of cement in Nigeria reached NGN10,000/bag (US$6.46/bag) at the start of 2025. Despite an agreement in January 2024 between the federal government and cement producers...
BUA Cement renews CEO's term for five more years
BUA Cement Plc has notified the Nigerian Exchange Ltd (NGX) and the investing public of the decision of its Board of Directors to renew the contract of employment of the Managin...
Lafarge Africa reports US$37m net profit in 9M24
Lafarge Africa Plc ( Holcim group ) of Nigeria as reported a profit after tax of NGN57.3bn (US$37m) for the nine months ended 30 September 2024, marking a 46 per cent increase f...