Tag "cement"

    Dangote to set up $2bn cement, fertilizer factory in Togo

Dangote to set up $2bn cement, fertilizer factory in Togo

Dangote Industries has signed an agreement with the Togolese government to set up a cement and fertilizer factory in the country. Phosphate reserves in Togo will be made into phosphate fertilizers making Dangote Group the largest ammonia producer in Africa. Under the agreement, Togo will provide access to phosphate resources and the Dangote Group will provide access to ammonia and to the [...]

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    CBN: 41 items still banned under Nigeria-China currency swap deal

CBN: 41 items still banned under Nigeria-China currency swap deal

The Central Bank of Nigeria (CBN) says the Nigeria-China currency swap deal will not cover the importation of the 41 items already blacklisted from the official foreign exchange. Isaac Okorafor, acting director, corporate communications, at the bank, made this known in an interview with NAN on Sunday. He said this will ensure the currency deal does not stifle local companies and make [...]

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    Ghana to ban importation of cement from Nigeria

Ghana to ban importation of cement from Nigeria

Ghanaian authorities are gearing up to ban the importation of cement from China, Nigeria, and some other members of the ECOWAS community. The country’s ministry of Trade and Industry has given a public notice of its intended executive action aimed at protecting the local cement industry from what was regarded as “cheap imports”. In a statement signed by Ekwow Spio-Garbrah, the [...]

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    Plea to FG as cement prices ‘hit the roof’

Plea to FG as cement prices ‘hit the roof’

Prices of cement have gone out of hand, a Sokoto industrialist has alerted the federal government. Nigeria currently produces 28.5 million metric tonnes of cement annually and is a net exporter of the product. However, this has not translated to lower prices, contrary to economic principles. Isa Musa,  an industrialist in Gwadabawa local government area of Sokoto State, told NAN that the federal [...]

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NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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