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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 ...
Bauchi-Gwana Cement, Alkaeri L.G.A. Bauchi (subsidiary of Cretent Intl) BUA Cement, Obu, Okpella, Edo State Former Edo cement, near Benin City. BUA Cement, Kalambaina Sokoto State. Commissioned July 2018; Cement Company of Northern Nigeria, also known as Sokoto Cement, with 6 offices in northern states [38] Dangote Cement [39]
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.
CEMEX currently operates on four continents, with 64 cement plants, 1,348 ready-mix-concrete facilities, 246 quarries, 269 distribution centers and 68 marine terminals. [4] In the 2021 Forbes Global 2000, Cemex was ranked as the 1178th -largest public company in the world with over US$13 billion in annual sales. [5]
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]
Table 1 - Hydraulic Cement – World Leading Producers (million metric tons) [1] Country 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 Brazil 72 70 69 64 59 52 52 46 40 37 38 40 38 40 39 China (PRC) 2,500 2,420 2,210 2,100 1,880 1,630 1,390 1,350 1,200 1,040 934 813 705 627 583 Egypt 50 50 46 44 48 47 40 38 29 29 28 29
The Cement Company of Northern Nigeria was incorporated in 1962 as the first cement manufacturing firm in the Northern Nigeria region. The first plant was built by a West German engineering firm at the cost of three million pounds. [7] The capacity of the first plant was 200,000 tonnes per annum producing through a dry process kiln.
The Mines and Steel Development Ministry is a Nigerian ministry established in 1985 to encourage development of the country's solid mineral resources. The Ministry formulates policy, provides information on mining potential and production, regulates operations and generates revenue for the government.