Business Briefings
Lafarge Africa Expands Cement Plants to Boost Production and Efficiency
Lafarge Africa Plc, a leading provider of building solutions in Nigeria, has announced plans to expand its cement production capacity through significant upgrades to its Sagamu Cement Plant in Ogun State and Ashaka Cement Plant in Gombe State.
According to a statement released by the company on Wednesday, both plants will feature modern dry production technologies, including preheater kilns, vertical raw mills, and roller presses. These enhancements aim to improve energy efficiency, reduce operational costs, and strengthen product output.
A notification sent to the Nigerian Exchange Limited and signed by company secretary Adewunmi Alode revealed that the expansions are expected to increase annual production capacity to 3.5 million metric tonnes for Sagamu and two million metric tonnes for Ashaka once fully operational. The company emphasised that this development will enhance the availability of cement products across key markets and enable more efficient service to its customers.
Lafarge Africa’s Group Managing Director and CEO, Lolu Alade-Akinyemi, highlighted that the investment signals the company’s long-term confidence in Nigeria’s economic growth. “This strategic expansion is designed not only to grow our capacity but also to drive operational excellence, support national infrastructure development, and generate value for shareholders, customers, and host communities,” he said.
Alade-Akinyemi further explained that integrating modern production technologies will enhance reliability, environmental performance, and energy efficiency, reinforcing Lafarge Africa’s commitment to sustainable and responsible operations. The company stressed its focus on disciplined execution, transparency, and stakeholder engagement throughout the project.
The expansion aligns with the acquisition of 83.81 per cent of Lafarge Africa Plc by China’s Huaxin Building Materials Group last year, demonstrating a sustained commitment to the development of Nigeria’s construction and infrastructure sector.
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NAICOM, BPP Partner to Standardise Bond Issuance
The National Insurance Commission and the Bureau of Public Procurement have entered into a Memorandum of Understanding to harmonise guidelines for issuing insurance bonds within Nigeria’s public procurement framework. The agreement was formalised in Abuja by the heads of both agencies as part of efforts to enhance oversight and ensure consistency in the issuance of…
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Maiden Edition of PRCAN Knowledge Hub Holds in 3 Weeks, Featuring Local and International AI Experts
The Executive Council of the Public Relations Consultants Association of Nigeria (PRCAN), under the leadership of Dr. Nkechi Ali Balogun, has announced the maiden edition of the PRCAN Knowledge Hub (formerly PRCAN Masterclass Series), scheduled for Tuesday, March 24, 2026. The hybrid event will hold at the Lagos Marriott Hotel, Ikeja, and will feature renowned…
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FG Unveils Reform Plan for $3.2bn Livestock Exports
The Federal Government has unveiled plans to restructure Nigeria’s livestock export system, a market valued at about $3.2 billion, as part of efforts to modernise the industry and strengthen its export potential. The Head of Press and Public Relations at the Federal Ministry of Livestock Development, Oghenekevwe Uchechukwu, disclosed this while responding to inquiries regarding…