- Nigerian cement makers recorded a combined profit increase to over N198 billion in the first three months of 2023
- The increased revenue is a reflection of increase in building and construction in the country
- Dangote cement remains the most profitable cement business, followed by Lafarge and BUA
Three cement producers listed on the Nigerian Exchange Limited (NGX), Dangote Cement Plc, BUA Cement Plc, and Lafarge Cement Plc have made a combined revenue of N604.89 billion in the first quarter (Q1) of 2023.
This represents an increase of 0.68 percent from the N600.7 billion reported in the first quarter of 2022.
