Nigerian Cement Producers Earn N762.97bn Profit in Q1 2026

In the first quarter of 2026, Nigerian cement producers, including Dangote Cement PLC, BUA Cement, and Lafarge Africa PLC, reported a combined profit of N762.97 billion, marking a 57% increase from N484.83 billion in Q1 2025. Dangote Cement, under the leadership of Group Managing Director and Chief Executive Officer Arvind Pathak, posted a profit of N421.17 billion, a 35% rise from N311.97 billion in the previous year.

BUA Cement declared a profit of N192.68 billion, a 93% increase from N99.74 billion in Q1 2025, while Lafarge Africa announced a profit of N149.12 billion, up 104% from N73.11 billion. The total revenue for the three companies reached N1.89 trillion, a 23% increase from N1.53 trillion in Q1 2025.

The growth was attributed to strong domestic demand, capacity expansion, and improved macroeconomic conditions, with Dangote Cement also expanding its export business significantly.