dangote - Intelpoint

Search results for

BUA Cement and Lafarge recorded over 100% profit growth in the first half of 2025

Dangote Cement reported the highest H1 2025 profit at ₦436.6 billion, up 50% from ₦291.7 billion in H1 2024.
BUA Cement’s profit more than doubled to ₦149.1 billion, a 164% rise from ₦56.5 billion in the same period last year.
BUA Cement had the fastest profit growth rate among the three major players, despite starting from a lower base.
Combined, the three firms posted over ₦720 billion in half-year profit, with Dangote alone accounting for over 60% of the total.
The sharp profit rises may reflect improved pricing, cost management, or benefits from forex gains after naira devaluation.

Two of Nigeria’s three wealthiest individuals got richer in 2023, bar Mike Adenuga

Abdulsamad Rabiu’s wealth has consistently increased for 4 consecutive years since 2020. Aliko Dangote, on the other hand, experienced 3 consecutive years of wealth growth starting from 2021. Mike Adenuga's wealth recorded growth in 2021 and 2022, but it took a downturn in 2023. Abdulsamad Rabiu's financial journey has been particularly noteworthy, with his wealth witnessing a substantial surge from $1.2b in 2014 to $8.2b in 2023. This growth has seen him surpass Mike Adenuga and become the country's second-wealthiest individual as of 2023.