China to build $1bn cement plant in Tanzania

China’s state-run Sinoma International Engineering Co. will start work in May to build a $1 billion cement factory in Tanzania, the East African country’s prime minister’s office said. The prime minister’s office said in Dar es Salaam that the cement factory would be built in the Tanzanian coastal town of Tanga. It said the factory……

Dangote Cement revenue hits N615.1bn in 2016

Dangote Cement Plc has announced revenue of N615.1 billion for the financial year ended Dec. 31, 2016. The News Agency of Nigeria (NAN) reports that this was against N491.7 billion recorded in 2015, indicating an increase of 25.1 per cent. The report is contained in the company’s audited result released by the Nigerian Stock Exchange……

BNHA rejects Dangote Cement’s delegation, insists on Plant Manager

The Benue State House of Assembly, for the second time in two days, rejected a delegation sent by Dangote Cement Company, Gboko, to interface with the lawmakers on the rising cost of cement. The legislators had written a letter to the firm, asking the Plant Manager to appear before it and explain the sudden rise……

Man docked over alleged theft of 4 bags of cement

A 21-year-old man, Rilwan Adebayo, was on Monday brought before a Modakeke Magistrate’s Court in Osun for allegedly stealing four bags of cement. The Prosecutor, Sgt. Bona Glory, told the court that the accused committed the offence on Nov. 25, around 10:00 a.m. at Olorunsogo Area, off Ogunofeke, Modakeke, in the Ife North-East local government…

Construction section raises the alarm as cement price jumps 60.5% 

Nigerian construction industry woke up on Saturday to an astronomical 60.5 per cent rise in price of cement, going for N2, 600, a bag from N1, 600, in Lagos and more in other parts of the country. Most companies handling construction works across the country have threatened to stop all construction works, unless government would intervene by reviewing costs of unfinished works to reflect the reality.  A site engineer with a major firm, Stretaco Construction Company, on Sunday, told Ripples Nigeria in a…

Hike in cement price will compound housing deficit – Dealers

Iheanyi Omeokwe, a major dealer at the Umuahia Industrial Market, said the hike would negatively affect the building industry The post Hike in cement price will compound housing deficit – Dealers appeared first on The Eagle Online – The Nigerian Online Newspaper.

Hike in cement price will compound housing deficit — dealers

Two cement dealers in Umuahia have expressed concern over Monday’s sharp increase in the retail price of cement, saying that it would compound the housing deficit in the country, if not checked. Speaking on the development in separate interviews with the News Agency of Nigeria (NAN) in Umuahia on Friday, they said that they were…

Hike in cement price will compound housing deficit – dealers

Cement. Price hits rooftop Two cement dealers in Umuahia have expressed concern over Monday’s sharp increase in the retail price of cement, saying that it would compound the housing deficit in the country, if not checked. Speaking on the development in separate interviews with the News Agency of Nigeria (NAN) in Umuahia on Friday, they…

‘Economy: Obj tried, but Jonathan messed us up’

Governor of Jigawa state, Abubakar Badaru has absolved former President Olusegun Obasanjo of any blame over the economic recession that has hit Nigeria. He however declared that former President Goodluck Jonathan is solely to blame for the economic woes which have befallen the country. According to him, Jonathan was aware of what the future held…

Dangote To Invest Over N53bn In Rice, sugar In Nasarawa

The Dangote Group of Companies is set to invest over N53 billion in the production of rice and sugar in Nasarawa State. The President of the company, Alhaji Aliko Dangote, disclosed this on Thursday in Lafia during an assessment tour of the investment potential in the state. Dangote, who was represented by Mr Abdullahi Sule,…

Dangote To Invest Over N53bln In Rice, Sugar In Nasarawa

The Dangote Group of Companies is set to invest over N53 billion in the production of rice and sugar in Nasarawa State. The President of the company, Alhaji Aliko Dangote, disclosed this on Thursday in Lafia during an assessment tour of the investment potential in the state. Dangote, who was represented by Mr Abdullahi Sule,…