Business

Nigeria’s Cement Industry Output to Hit 78Mt/yr with New Entrants Adding 13Mt/yr

Currently, the Nigerian cement market is led by major players including Dangote Cement, Lafarge Africa, and BUA Cement, which collectively produce 60 Mt/yr.

Published

1 year ago

March 17, 2025

OCHEFA

566 Views

▪︎Aliko Dangote, the largest cement producer in the domestic market.

Nigeria’s cement industry is set to increase its output to 78 million metric tonnes per annum (Mt/yr) with the entry of two new players.

Ohibaba.com exclusively reports that MSM Cement and Resident Cement are poised to add a combined capacity of 13 Mt/yr, with MSM Cement planning a 3 Mt/yr plant in Kebbi State and Resident Cement developing a larger 10 Mt/yr facility in Bauchi State.

The Kebbi project marks a new initiative, supported by a memorandum of understanding (MOU) valued at US$2.4 billion between the state government and MSM Cement.

The Chairman of MSM Group, Alhaji Muazzam Mairawani, indicated that the plant will be built in four phases, each costing US$600 million, with the first phase expected to commence production by early 2027.

Originally established in the fertilizer sector, MSM Group has diversified into oil and gas, shipping, and agriculture. In contrast, the Bauchi project is already further advanced, with an MOU worth US$1.5 billion signed in mid-2024.

It also includes plans for a 100MW power plant, a dam, and various amenities to benefit the local community.

The state reportedly holds a 10 percent stake in the project, which is partly backed by Sinoma Nigeria Company.

Currently, the Nigerian cement market is led by major players including Dangote Cement, Lafarge Africa, and BUA Cement, which collectively produce 60 Mt/yr.

Dangote Cement, the largest producer, has a capacity of 35.25 Mt/yr across its four plants, while BUA Cement has recently expanded to reach 20 Mt/yr.

Lafarge Africa adds another 10.5 Mt/yr to the total production capacity in the country. With the newcomers, Nigeria’s total cement capacity is expected to exceed 78 Mt/yr, solidifying its position in the industry.

Related Topics:Featured Nigeria’s Cement Industry

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Business

BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

10 hours ago

June 30, 2026

Charles Flames

26 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

14 hours ago

June 30, 2026

OCHEFA

20 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”