Tag Archives: Cement

BUA Cement  (www.BUAgroup.com), One of West Africa’s largest Cement companies has announced that it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria. This was revealed when the Chairman of BUA, Abdul Samad Rabiu led the BUA …

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    Dangote Cement Stirs Industrial Revolution In Africa, Commissions Mfila Plant In Congo   The new plant estimated at $300 million has potentials for about 1000 direct employment and thousands of several other indirect jobs Africa’s largest cement Company, Dangote Cement Plc (http://APO.af/mCqnZz) yesterday added fillip to the on-going efforts at economic emancipation of Africa when it formally opened …

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The Board of AshakaCem has approved the exchange of shares held by minority shareholders for shares in Lafarge Africa, the majority shareholder. The approval was given at the Extraordinary General Meeting (EGM) held in Abuja on Monday, October 23, 2017. Minority shareholders will receive 57 Lafarge Africa shares for every 202 AshakaCem shares. This makes AshakaCem a fully-owned subsidiary of …

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Leading pan African cement manufacturer, the Dangote Cement (www.Dangote.com) has maintained its strong hold in the Nigeria domestic cement market accounting for 65 percent of the Nigerian market volume, while other African plants’ volumes went up by 7.5 percent to 7.0 mta. The Cement company has in the past months expanded its operations across Africa with the coming on stream …

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The Federal Government has said it relies heavily on the Dangote refinery (www.Dangote.com) to fulfill its promise to Nigerians to end fuel importation by December 2019. To this end, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, who visited the Dangote oil refinery site at Lekki Free Trade Zone, in Lagos, said the government is ready to play …

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Ashakacem board concludes voluntary delisting from NSE The Board of Directors of AshakaCem Plc has entered a resolution proposing to the shareholders of the Company, a Voluntary Delisting of the Company from the floor of the Nigerian Stock Exchange (NSE). The resolution will be presented to shareholders of AshakaCem for consideration at an Extraordinary General Meeting (EGM) scheduled to hold …

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