Business
Lafarge Africa Posts N1 Trillion Revenue in 2025, Profit Hits N273 Billion
Lafarge Africa Plc hits N1.1 trillion revenue in 2025, profit after tax jumps 173% to N273 billion, with final dividend rising to ₦6 per share
Lafarge Africa Plc has achieved a historic financial milestone, crossing the N1 trillion revenue mark for the first time in its history for the year ended December 31, 2025.
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The cement giant’s revenue surged by 53 per cent, rising from N696.8 billion in 2024 to N1.1 trillion in 2025.
Profit before tax jumped 170 per cent to N411.3 billion, while profit after tax soared 173 per cent to N273 billion, compared to N100.1 billion the previous year.
Commenting on the results, Lafarge Africa CEO, Lolu Alade-Akinyemi, described 2025 as a transformative year.
“Our Full Year 2025 results are a testament to the effectiveness of our 4-point strategy, disciplined execution, and relentless focus on value creation. Reaching the ₦1 trillion net sales threshold marks a historic turning point for our company,” he said.
The CEO credited the growth to operational efficiency, plant reliability, and strategic cost optimisation.
Operating profit surged 103 per cent to ₦392 billion.
Following the acquisition of a majority stake by Huaxin Building Materials Group, Lafarge Africa plans to expand its Ashakacem plant in Gombe State and Sagamu plant in Ogun State.
Upon completion, total annual production capacity will reach 14.0 million metric tonnes (MMT).
Alade-Akinyemi expressed optimism for 2026, emphasising the company’s resilience, operational scale, and commitment to sustainable growth.
Reflecting strong performance, the Board proposed a final dividend of 600 kobo (₦6.00) per share, up from 120 kobo in 2024, highlighting Lafarge Africa’s robust cash position and dedication to rewarding investors.
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The CEO reaffirmed the company’s “green growth” agenda, promising continued focus on sustainability, volume opportunities, and prudent cost management as part of its long-term value creation strategy.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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