Aliko Dangote has built a business empire that dominates Nigeria’s fuel and cement markets. But a growing body of evidence suggests that Nigerians are paying more for products manufactured in their own country than buyers in neighbouring nations. Nigeria exported N105.5 billion worth of petrol to Togo in the first quarter of 2026 alone, according…
Africa’s richest man Aliko Dangote has retired as the Chairman of the Board of Directors of Dangote Cement Plc. In a statement on Friday, a spokesman for the company, Anthony Chiejina, said the retirement took effect from July 25, 2025. “He is relinquishing his position as chairman and retiring from the board so as…
The Senate has directed the Bureau of Public Procurement to immediately halt the planned sale of Lafarge Cement Plc to a Chinese company citing national security and economic concerns. It explained that this is to ensure that the divestment process prioritises national security and economic sovereignty. In a motion at the plenary on Thursday, Sen….
Dangote Cement has reported a 62.2 per cent revenue growth, reaching N3,580.6 billion in 2024. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) also grew by 56.0 per cent to N1,388.2 billion, with a 38.6 per cent margin. Arvind Pathak, Chief Executive Officer and Group Managing Director of Dangote Cement, disclosed this…
Amid a sector-wide revival for cement stocks driven by infrastructure growth and government housing initiatives, UltraTech Cement, Ambuja Cements and JK Cement have emerged as top picks for brokerage firm JM Financial as it initiated coverage on five major cement stocks with ‘buy’ ratings, with a focus on their strong growth prospects, cost optimization strategies,…
Bold and the Beautiful puts Taylor Hayes in Ridge Forrester’s borrowed bed, and Steffy Forrester is too elated to see what this means for her mother next week on the CBS soap. Bold and the Beautiful: Taylor Sleeping with Ridge Forrester Serves a Purpose? Last week, Bold and the Beautiful stripped Taylor Hayes (Rebecca Budig)…
The Nigerien government has officially banned the export of CEM II 32.5 R grey cement, according to an order signed by the Ministry of Commerce and Industry on November 21, 2024. The ban, effective immediately, will remain in place until further notice. While the Ministry has not disclosed specific reasons for the decision, the measure…
By Chris Njoku Mr Imoh Etuk, a cement dealer in Calabar has disclosed that the price of the product was scaring his buyers away. Etuk disclosed this in an interview with the CONVERSEER on Wednesday in Calabar. The trader who decried the low patronage and economic hardship in the nation said a bag of cement…
