By SAMUEL MOBOLAJI Nigeria’s cement industry is on a firm expansion path, with new projections indicating the market will reach $1.44 billion by 2025 as annual growth accelerates across construction and infrastructure corridors. According to the latest industry data, the sector recorded a robust Compound Annual Growth Rate of 9.4 per cent between 2020 and […]
By Tunde Opalana Estate developers have called on the Federal Government to intervene in the skyrocketing price of cement which now sells for N15,000 per 50kg bag in many parts of the country. Making the call at the weekend, the President of Real Estate Developers’ Association of Nigeria (REDAN), Dr. Aliyu Wamakko said the unstable […]
Prominent cement manufacturers have reportedly been invited to a meeting regarding the escalating cost of the product, according to Minister of Works David Umahi. Naija News reports that he voiced concern that cement producers were not receiving enough business from road and housing construction, and that the price of the commodity was increasing at an […]
…As Dangote Cement targets $600m annual exports to African countries President of Dangote Industries Limited, Aliko Dangote, has restated his Group’s commitment to Nigeria’s economic development through continuous innovation, value creation and investments. This is just as he disclosed that Dangote Cement’s exports to other countries are targeted to rise to $600m annually, with the […]
The Standard Organisation of Nigeria (SON) has certified Dangote Cement as having passed the Mandatory Conformity Assessment Programme (MANCAP), a development the agency said has stood out the company among its competitors in the industry. The Director-General of the SON, Mr Osita Anthony Aboloma, who made this known also said that a new revised standard […]
The Dangote Group of Nigeria, one of the pre-eminent industrial conglomerates in Africa, in pursuit of its pan-African development and emancipation strategy, on November 23, 2017 formally launched its newest economic development industrial project, the Dangote Cement plant in Mfila, in Congo-Brazzaville. With this $300 million dollars, 1.5 million metric tonne per annum plant, the […]
…as Ogun, Kogi, C’ River lead Only 481 companies operating under government approved mining or quarrying licences paid royalties in 2015, the latest independent audit report of the Nigeria Extractive Industries Transparency Initiative, NEITI, shows. Of the 481 companies, only 42 met the N3 million and above materiality threshold and accounted for over 87 per […]
Dangote Group has raised the scale of standards in Senegal’s construction sector, with the introduction of the higher quality 42.5 grade cement into the African country. The company rolled out products from its $300 million Cement Plant in Senegal amidst excitement by the country’s government for creating 5,000 direct employment. The giant stride of Dangote […]