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Nigerian property developer Olawale Ayilara is grappling with spiraling costs.He's CEO of LandWey Investment, which is building 12,000 homes across 14 sites in the affluent Lekki district of Lagos ...
Egyptian Cement Company recently became Lafarge Cement Egypt with a total production capacity of about 10 million tons of cement coming from five lines designed and manufactured by POLYSIUS FRANCE, LCE arranged as the second plant all over the world on the cement production. Sinai White Cement Portland. Misr-Beni Suef. Misr-Quena.
In 2009, BUA Group purchased interest in Edo Cement Company, Okpella, a company that previously traded under the name of Bendel cement.As production was on a decline at the plant, BUA commissioned a new plant at Obu, a few kilometres from Okpella, [5] production from the new clinker began in 2014, later another production line was added in 2019.
In 2016, the firm's capacity was 14.1 million tonnes of cement, 5 million metric tonnes of aggregates and 3.5 million tonnes of ready-mix concrete. The company manufactures and distributes products through its associated divisions that include WAPCO, United Cement Company of Nigeria, Calabar , Ashaka Cement, Lafarge South Africa and Atlas ...
Nigeria's inflation rate rose to 15.63 per cent in December 2021 compared to 15.40 per cent in November, the National Bureau of Statistics announced on January 17, 2022. The statistics office said the prices of goods and services, measured by the Consumer Price Index, increased by 15.63 per cent in December 2021 when compared to December 2020.
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Today, the Dangote Group is a diversified conglomerate, headquartered in Lagos, with interests across a range of sectors in Africa. [ 9 ] [ 10 ] Current interests include cement, sugar, flour, salt, seasoning, pasta, beverages and real estate, with new projects in development in oil and natural gas, telecommunications, fertilizer and steel.
Obajana Cement Plc was incorporated in 1992. Dangote Cement Plc is a subsidiary of Dangote Group and is the largest company traded on the Nigerian Stock Exchange. [5] Dangote Cement listed on the Nigerian Stock Exchange in October 2010, and as at August 2014 accounts for 20% of the total market capitalization of the Exchange. [6]