Nigerian cement billionaires win big as Dangote, BUA and Lafarge post $554 million in combined Q1 profits

Billionaires Africa | 03.06.2026 09:25
Nigeria's three largest cement producers delivered their most profitable opening quarter on record in 2026, posting a combined N762.97 billion ($554 million at N1,375 to the dollar) in pre-tax profit for the three months ended March 31, a 57 percent jump on the N484.83 billion they reported in the same period a year earlier.