Nov 30, 2018· In line with trend observed across other industry players, strong cement prices (up around 70 per cent YoY) weighed on CCNN's cement volume but still provided greater positive impact on topline as revenue rose 22 per cent YoY to NGN4.4bn (US$13.9m), Vetiva Research said in …
PDF | Assessment of gamma ray activity in raw materials and the end product in Dangote Cement from Dangote Cement Plc, Obajana and Kogi State has been... | Find, read and cite all the research you ...
Jul 01, 2019· In 2002, Olusegun Obasanjo, then president of Nigeria, challenged the likes of Aliko Dangote, today's Africa's richest man, to move into the cement production business. Obasanjo came up with a policy that revolutionised the cement industry. The policy was simple: Unless you set up a local cement plant, you would not be allowed to import.
Sep 10, 2019· Vetiva Research Ardova PLC H1'21 - Lubricant margins may cushion H2 earnings Ardova recently released its H1'21 results with revenue declining marginally by 1% y/y from ₦87.3 billion, to ₦86.8 billion, a 2% variance from our estimate.
Oct 23, 2017· However, commenting on stock to watch for the week, analysts at another Lagos based investment house, Vetiva Capital stated: " Cement Company of Northern Nigeria, …
Jun 28, 2021· Vetiva Research has predicted that the Nigerian economy will rebound by 3.1 percent in 2021. In its second half (H2) 2021 macroeconomic outlook for the Nigerian economy, titled, "On the cusp of recovery," the Lagos-based firm appraised developments on the global, continental and domestic scenes. On the global scene, the analysts reviewed the COVID-19 virus […]
Sep 04, 2015· Dangote Cement, Africa's largest producer of the building material, cut prices in its home market of Nigeria in an attempt to boost cement consumption and compete with imports, Bloomberg reports. The price cuts to its 3X cement brand by $30.23 (6,000 naira) per metric ton will still allow Dangote to achieve strong returns, said chief ...
Jul 21, 2021· pressures, the Industrial Goods Analyst at Vetiva Research, Onyeka Ijeoma, said that the continuous rise in costs would push cement majors to focus more on controlling the largest controllable ...
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May 17, 2018· May 17, 2018/Vetiva Research Expansion completed, capacity now up to 2 million MT CCNN recently announced that it would be commissioning a new production line with an annual capacity of 1.5 million MT, increasing the company's cement annual production capacity to 2 million MT. This expansion will be the first major investment in CCNN since …
Cement Sales, Cement Production, Cement Prices, Cement Import… You may also be interested in these Cement Industry reports, published by private editors BRIC Orthopedic Bone Cement and Casting Materials Market Outlook to 2025 - Bone Cement and Casting Materials
Jun 04, 2021· According to research from Chapel Hill Denham in Lagos in May, the Okpella plant with a capacity of 3m metric tons (mmt) together with debottlenecking will push the company's total installed capacity in Nigeria to 36.25mmt in 2021. In May, Chapel Hill Denham increased its full-year 2021 earnings per share (EPS) estimate by 11.8% to N16.66 ($0 ...
May 17, 2021· Of course, people still prefer the cement brand, as some real estate developers told MarketForces Africa Research that it dries faster than its competitors. Dangote Sugar: Vetiva Capital set price target at N23.41. Vetiva Capital Analysts set target price on Dangote Sugar at N23.41 per share after its first quarter earnings debut.
Vetiva Research has predicted bright prospects for the cement sector in Nigeria, underpinned by stronger capital disbursements from the public sector. Vetiva noted that the increased focus of the Federal Government on transport infrastructure projects was a key driver for its expectation, with the aim to position the transport sector ahead of ...
May 03, 2020· Dangote Cement Plc is engaged in the manufacture, preparation, import, packaging, and distribution of cement and related products in Nigeria, West and Central Africa, and East and South Africa. The company was formerly known as Obajana Cement Plc and changed its name to Dangote Cement Plc in July 2010.
Apr 30, 2018· April 29, 2018/ Vetiva Research Strong operating earnings underline Q1 outperformance DANGCEM released its Q1'18 earnings, reporting impressive earnings, with bottom line coming in at ₦72 billion, 29% higher y/y and ahead of our estimate of ₦55 billion. The earnings beat was driven by strong operating performances across the Nigerian and Pan African businesses, with …
May 17, 2021· Of course, people still prefer the cement brand, as some real estate developers told MarketForces Africa Research that it dries faster than its competitors. Dangote Sugar: Vetiva …
Nov 17, 2014· Ashaka Cement in Nigeria reported revenue up 3% year-on-year to N17.3 billion for the period ended September. Vetiva Capital in its analysis on Ashaka Cement, said " Riding on prior upbeat quarterly results, particularly first quarter, Ashaka Cement's nine months earning per share rose 103 per cent year-on-year to N1.95, but fell 10% behind our estimate of N2.17 due to a weaker-than ...
Sep 10, 2015· The cumulative revenues of the four dominant cement makers (Dangote, Lafarge, Ashaka and Cement Company of Northern Nigeria), as reported in their (H1) 2015 results, rose by 13.02 percent to N378 ...
1 VETIVA RESEARCH Nigeria 2018 Half-Year Outlook: In the shadow of the polls NIGERIA OUTLOOK In the shadow of the polls An economy slow out of the traps: The Nigerian economy did not fare as well as expected in the first half of 2018 (Q1'18 GDP growth: 2.0% y/y vs.
May 04, 2017· The Cement Company of Northern Nigeria (CCNN) reported sizeable growth across all profit lines in the first quarter of 2017. In line with trend observed across other industry players, strong cement prices (up around 70 per cent YoY) weighed on CCNN's cement volume but still provided greater positive impact on topline as revenue rose 22 per cent YoY to NGN4.4bn (US$13.9m), Vetiva Research ...
Jul 21, 2021· Vetiva Research has predicted increased optimism for the cement sector in Nigeria, underpinned by stronger capital disbursements from the public sector. Vetiva …
Overview The Nigerian Cement Industry's revenue dipped slightly by 0.8% in 2019 to an estimated ₦951 billion, following a drop in Industry demand on account of the disruptions related to the elections conducted during the year. Other major contributors to the Industry's performance decline were the closure of Nigeria's land borders in the second half of 2019 (which affected Industry ...
Dangote Cement is a fully integrated cement company and has projects and operations in Nigeria and 14 other African countries. Its operations include,manufacturing/ importation, packaging and distribution of cements. CUSTOMER NEEDS: The market characteristics …
Source: NSE, Vetiva Research Vetiva Capital Management Limited 266B Kofo Abayomi Street Victoria Island, Lagos Tel: +234 -1 46175213 Fax: +234-1-4617524 Email: [email protected] Analyst Tosin Oluwakiyesi [email protected] Construction Industry Report A Haven of Opportunities 0.9 1.0 1.1 c 10 n 11 b 11 Mar 11 pr 11 Vetiva Construction ...
Feb 12, 2010· Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Source: Vetiva Research, Nigeria Bureau of Statistics 20 'Ahead of the Curve'
May 18, 2021· Of course, people still prefer the cement brand, as some real estate developers told MarketForces Africa Research that it dries faster than its competitors. Dangote Sugar: Vetiva Capital set price target at N23.41 Vetiva Capital Analysts set target price on Dangote Sugar at N23.41 per share after its first quarter earnings debut.
Feb 05, 2017· Earnings recover on strong cement pricesCCNN released its Q1’17 earnings last week, showing sizable y/y growth across all profit lines. In line with trend observed across other industry players, strong cement prices (up c.70% y/y) weighed on CCNN’s cement volume but still provided greater positive impact on topline as revenue rose 22% y/y to ₦4.4 billion (Vetiva: ₦4.2 ...