2 CEMENT CAPACITY IN NIGERIA 3 CEMENT PRODUCTION IN NIGERIA Production volumes in 2018 2023 Nigeria production share in global market in 2018 2023 Nigeria production share in regional market in 2018 2023 4 CEMENT CONSUMPTION IN NIGERIA Cement demand structure 2023 Cement consumption in 2018 2023 5 CEMENT TRADE
41 In 2021 NGX Group debuted on the Nigerian Exchange NGX at a share price of reflecting a 41% growth to its current price of N25 Despite trailing the overall market s performance since its listing the company achieved notable profit growth with a 2023 profit of billion—a significant 134% rise compared to billion in 2021
In this report we analyzed the Nigerian cement sector as well as the key players in the space Between 2018 and 2021 these companies recorded a Compounded Annual Growth Rate of % BUA Cement recorded the fastest growth with a CAGR of % while Dangote Cement and LAFARGE recorded a CAGR of % and % respectively
5 Cletus Ibeto chairman of Ibeto Group is rehabilitating Nigeria Cement Company of Nigeria NigerCem to tap into the bulging built industry and raise the country s cement production capacity Real Sector Watch learnt A source close to Ibeto Group said the company is at the early stage of preparations and could start production in 2018
There is a wave of excitement around three Nigerian startups that have hit a $1 billion valuation this year They have become unicorns In business a unicorn is a privately held startup company valued at over $1 billion The term was first popularised in 2013 by venture capitalist Aileen Lee choosing the mythical animal to represent the statistical rarity of such
Worried by the huge sum of money used in road repairs Aliko Dangote President of the Dangote Group has said that there are plans afoot to revolutionize Nigerian roads with concrete He also said that resources used in road repairs and maintenance would be channelled to other important needs of the nation
2 Overview The Nigerian Cement Industry s revenue dipped slightly by % in 2019 to an estimated ₦951 billion following a drop in Industry demand on account of the disruptions related to the elections conducted during the year Other major contributors to the Industry s performance decline were the closure of Nigeria s land borders in the second half of 2019
Dangote Cement Plc is currently issuing its series 13 and 14 Commercial Paper CP of up to N100 billion under its N300 billion Commercial Paper issuance programme the Company eliminated Nigeria s dependence on imported cement and transformed the nation into an exporter of cement serving neighbouring countries 2021 and subsequently
As long as an entrepreneur was willing to set up a local plant they would be entitled to import quotas This helped to shore up local production of cement making Nigeria a net exporter today Fourteen years down the line Nigeria produces over 40 million metric tonnes of cement with Dangote Cement BUA and Lafarge as the major players
Agusto & Co Limited has released its 2022 Nigerian Banking Industry Report The 2022 edition of the annual report by the pan African credit rating agency provides a comprehensive review of Nigeria s banking industry and the near term expectation for the industry Agusto & Co notes positively the resilience shown by the Nigerian banking
Otedola and his nominee Calvados Global Services Limited had on October 23 2021 through APT Securities and Funds Limited acquired a total of 1 818 551 625 units of shares from FBN Holdings issued share capital of 35 895 292 791 making his then equity stake in the financial holding company percent
Here are five things that shaped Nigeria s port industry in 2021 Introduction of electronic call up system One of the things that decided the way business activities were handled in the nation s seaports in 2021 was the introduction of the electronic call up system known as Eto App by the Nigerian Ports Authority NPA and its technical
Ethiopia has emerged as the most profitable market for Dangote Cement which sold million tonnes there pushing its sales volume across Africa by per cent to seven million And now the firm has agreed with the Industrial and Commercial Bank of China to finance the construction of two cement plants in Kenya which should be operational
Nigeria s poor fiscal position Nigeria wants to generate more revenue not just by raising taxes but by bringing more persons and entities into the net The nation s revenue to the gross domestic product GDP stood at percent in 2023 but it was a decline from percent in 2021 according to the International Monetary Fund IMF
Thirteen manufacturers listed on the Nigerian Exchange Limited saw their production cost surge by 97 percent in the first half of 2024 The firms analysed are Dangote Cement Plc BUA Foods Plc Nigerian Breweries Plc Nestle Nigeria Plc BUA Cement Plc Lafarge Africa Plc Dangote Sugar Refinery Plc International Breweries Plc Guinness Nigeria
…as Ebonyi signs MoU with Lafarge on limestone exploration Cletus Ibeto chairman of Ibeto Group is rehabilitating Nigeria Cement Company of Nigeria NigerCem to tap into the bulging built industry and raise the country s cement production capacity Real Sector Watch learnt A source close to Ibeto Group said the company is at the early stage
Leading beverage alcohol company Guinness Nigeria a subsidiary of Diageo Plc has posted a revenue of N114 956 362 000 one hundred and fourteen billion nine hundred and fifty six million three hundred and sixty two thousand for the 9 months ended 31 March 2021 which represents a 20% growth over the same period last Company reported a Profit
The year 2021 was a roller coaster year for equities with eight months of positive returns and four month of bearish season The market ended the year 2021 with impressive positive return of amid remarkable last minute rally which helped push the value of listed stocks up by in 2021
The company s net finance cost decreased by percent to billion in H1 2024 from billion in the same period last year Lafarge recorded a net finance cost of billion in H1 compared to a net finance income of billion in the same period of 2023 while Dangote cement s net finance cost increased by percent to billion from
The stocks are Access Bank Dangote Cement First Bank Holdings Seplat and the United Bank for Africa UBA Others are WAPCO Zenith Bank and MTN Nigeria With combined trillion as market capitalisation the eight stocks listed under the NSE Premium Index accounted for 45 percent of the NSE market capitalisation as at March 31 2021
Following unprecedented growth of the Nigerian cement manufacturing sub sector that has seen it become the largest in sub Saharan Africa SSA the industry now engages million Nigerians Olusegun Aganga minister of industry trade and investment has disclosed
Nigeria Equity Research Industrials Sector Update ompetition to go up a notch in 2022 We envisage a tighter competitive landscape in 2022 as manufacturers look to build on their 2021 performance Our analysis suggests that the market share dynamic of 2021 was largely influenced by DANGEM s introduction of its new
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