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Tag: Lafarge Africa

C'River's 20km Road to boost economic growth - Lafarge
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Lafarge Africa hits ₦1.1tn revenue milestone in 2025

Lafarge Africa Plc has achieved a historic financial milestone by surpassing the N1 trillion revenue mark for the first time in its history for the year ended December 31, 2025. In a statement released on Thursday and signed by the Head of Corporate Communications, Ginikanwa Frank-Durugbor, the cement manufacturer reported a 53 per cent increase […]

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

Lafarge Africa profit soars 246% to ₦207.78bn in nine months

Lafarge Africa Plc, a prominent Sub-Saharan Africa building solutions company, reported a massive 246 percent surge in profit after tax to ₦207.78 billion for the nine months ended September 30, 2025, a dramatic increase from the ₦60.08 billion reported in the same period last year. This stellar performance, largely attributed to robust cement sales, was […]

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

Lafarge Africa launches state-of-the-art ‘ReadyMix’ facility in Lagos

Lafarge Africa Plc has officially commissioned the Freedom Plant, a state-of-the-art ReadyMix facility located in Lekki, Lagos. The facility is equipped with a fully automated batching system that enables seamless remote data transfer and modification, with the capability to manage and operate the plant from any location worldwide via secure internet access. In alignment with […]

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

Holcim sells 83.8% stake in Lafarge Africa to Huaxin Cement

Holcim, the Swiss building materials giant, has finalized the sale of its 83.81 percent stake in Lafarge Africa Plc to China’s Huaxin Cement. In a statement on Friday, the company said the deal was valued at $1 billion on a 100 percent equity basis, subject to dividend adjustments. The transaction comes eight months after Holcim […]

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
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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
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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
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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 […]

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