News

Dangote Industries Limited and Sinoma International Engineering Co., Ltd. have signed a landmark Memorandum of Understanding (MoU) worth more than $800 million to expand the Dangote Cement Plant in Itori, Ogun State, increasing its production capacity from six million to 12 million metric tonnes per annum (MTPA).

Nigeria's BUA Cement reported a 79 % year-on-year increase in pre-tax profit to US$236 million for the first half of 2026, while revenue rose 26% to US$532 million.

Nigeria's Senate has approved the proposed acquisition of Lafarge Africa by Hainan Huaxin Pan-African Investment, subject to full compliance with Nigerian laws and regulatory requirements.

HBM Nigeria is planning a massive capacity expansion in Nigeria after Lafarge Africa PLC came under the control of Huaxin Building Materials Group.

The Ebonyi State Government has commenced the implementation of plans to establish a new cement factory in Nkalagu (Nigeria) as part of its strategy for industrialisation, job creation, and economic development.

Nigeria’s Minister of Works, David Umahi, has called on cement manufacturers to immediately reduce prices, saying that the current cost of the product is placing pressure on ongoing infrastructure projects and increasing demands from contractors for contract variations. According to the minister, the federal government will engage cement manufacturers from July 1 on the issue of cement prices.

BUA Cement has signed a contract for the construction of a new cement line with a capacity of 3.0 million tons of cement per year in Sokoto State in Northwest Nigeria.