Nigerian cement price hike causes concern for building standards
The Nigerian Institute of Building (NIOB) has said the significant rise in cement prices in the country and the low purchasing power of Nigerians may result in a danger to build...
West Africa
424 posts · Page 39 of 43
Dangote Cameroon sells 1Mt of cement in the 9M20
Dangote Cameroon has announced that it sold around 1Mt of cement from its 1.5Mta grinding plant in the first nine months of 2020, up 18 per cent YoY from the 9M19. The company h...
Community petitions Dangote for payment of land ownership entitlements
Members of the Ijako-Orile community in the Yewa North area of Ogun State, Nigeria, have staged a peaceful protest, urging for the payment of their ownership entitlements to the...
Dangote allowed to resume overland exports
Nigeria’s government has allowed Dangote Cement to resume exports across the country’s land borders, reports Bloomberg. The step has raised expectations that the country may be ...
Dangote posts 12% rise in 3Q revenue
Dangote Cement plc reported a revenue of NGN761.4bn (US$1.987bn) in the nine months ended 30 September 2020, representing a 12 per cent YoY rise when compared with 9M19, accordi...
Chad’s Baoré plant to start up in November
The Baoré cement plant will commence production this month, according to the country’s President, Idriss Déby. The government will also subsidise the price of a bag of cement. T...
COVID-19 closes WACEM's Tabligbo plant
The West African Cement plant (WACEM) has shut down its grinding plant in Togo for two weeks. The 1.8Mta Tabligbo plant has closed to halt the spread of COVID-19. The Ministry o...
Lafarge Africa sees revenue increase 10%
Lafarge Africa has reported a 10.3 per cent YoY increase in revenue to NGN179.88bn (US$464.57m) for the 9M20, against NGN163.1m in the year-ago period. Its profit after tax from...
BUA Cement shows 21% surge in revenue
Nigeria’s BUA Cement has shown 21 per cent growth in revenue for the first nine months of 2020, rising to NGN156.55bn (US$412.05m) from NGN129.43bn in the 9M19. Profit after tax...
Dangote's IPO on LSE not expected until 2023
Nigeria’s Dangote Cement is not expected to attempt an initial public offering on the London Stock Exchange until at least 2023, according to News 24. "The London listing is not...