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Tag: Lafarge Africa

C'River's 20km Road to boost economic growth - Lafarge
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Senate demands transparency in Lafarge Africa sale to Chinese investors

The Nigerian Senate has called for transparency in the ongoing negotiations for the sale of Lafarge Africa Plc to Chinese investors. In a resolution passed on Thursday, lawmakers urged the Bureau of Public Enterprises to ensure the divestment process safeguards national security and protects Nigeria’s economic sovereignty. The motion, sponsored by Senator Salisu Afolabi (Ogun-Central), […]

C'River's 20km Road to boost economic growth - Lafarge
News

Lafarge Africa empowers geoscientists, mining engineers in Ogun

Lafarge Africa Plc said it has trained geoscientists and mining engineers in Ogun State to enhance operational excellence and build capacity in Nigeria’s mining sector. In partnership with the Ogun State Ministry of Industry, Trade, and Investment, the company hosted a three-day training at its Ewekoro Training Centre. The program provided 25 participants with hands-on […]

C'River's 20km Road to boost economic growth - Lafarge
News

Holcim to divest stake in Lafarge Africa

Swiss cement giant Holcim has announced plans to exit its Nigerian operations by selling its nearly 84% stake in Lafarge Africa to China’s Huaxin Cement. The deal is valued at $1 billion, marking a significant move for both companies in the global cement industry, according to Reuters. Holcim’s decision to sell its 84% stake in […]

Lafarge Africa shareholders to receive $30bn dividend
Business

Lafarge Africa shareholders to receive $30bn dividend

By Melvin Onwubuke The Board of Directors of Lafarge Africa has put forward a dividend of N1.90 per unit of its shares for the year ended December 2023 adding up to N30.60 billion; lowered when compared to the preceding year of N32.22 billion. This follows a corporate notice filed with the Nigerian Exchange Limited on […]

Lafarge Africa shareholders to receive $30bn dividend
Business

Lafarge Africa reports 29% profit increase

Lafarge Africa’s 2023 second-quarter results have shown that pre-tax profits rose by 29.02% year over year to a total of N32.787 billion. According to The Times, in comparison to N46.879 billion during the same period last year, this increased the half-year pre-tax profits to N55.315 billion. Pre-tax profit increased primarily as a result of rising […]

Lafarge Africa appoints Alade-Akinyemi GMD/CEO
Appointments

Lafarge Africa appoints Alade-Akinyemi GMD/CEO

The appointment of Mr. Lolu Alade-Akinyemi as the Group Managing Director/Chief Executive Officer of the Company with effect from July 1, 2023, has been made public by the Board of Directors of Lafarge Africa Plc. Nairametrics reported that the position was filled in response to Mr. Khaled El-Dokani’s departure as the Company’s Group Managing Director/Chief Executive […]