(3 Minutes Read)
Dangote, BUA, and Lafarge Africa saw their combined net income rise to N834.01 billion in the first six months of 2025. That’s more than triple the figures they earned in the same period last year.
Nigeria’s cement makers recorded their best half-year performance ever in 2025 as price adjustments, operational efficiency, and a more stable naira drove earnings to new highs.
Dangote, BUA, and Lafarge Africa saw their combined net income rise to N834.01 billion in the first six months of 2025. That’s more than triple the figures they earned in the same period last year.
Cement makers in Nigeria are benefiting from high demand as the government builds the 700-kilometre Lagos-Calabar coastal highway and rural roads. Real estate projects are also surging, with the sector now accounting for a third of the nation’s gross domestic product.
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While the demand for cement is high, Nigerians are paying more, which has led to a profit jump of more than 200 percent in six months. But in this rise in income among the three leading manufacturers, BusinessDay analysed the trio’s financials to ascertain which is most profitable using metrics such as profit margin and growth rate, Return on Equity (ROE), Return on Asset (ROA), net cash flow in terms of growth, and year-to-date market value.
