Business
LAFARGE AFRICA ACHIEVES RECORD SALES OF 697BN; OPERATING PROFIT At 192bN, UP BY 89%; PAT UP BY 96% TO CLOSE AT 100BN

( Net Sales: FY 2024 up 72% YoY benefiting from improved volume; Q4 2024 up 86% vs PY
( Operating Profit: FY 2024 up 89% YoY; Q4 2024 up 103% vs PY
( Operating Margin: FY 2024 28%, up from 25% PY; Q4 2024 31%, up from 28% PY
( Profit After Tax: FY 2024 up 96% YoY, driven by Topline growth; Q4 2024 up 263% vs PY
( Continued focus on Increased product range, Sustainability and Health & Safety
Lafarge Africa Plc, a leading innovative and sustainable building solutions company and manufacturers of a range of cement brands has released its audited financial statement, recording a revenue of N696.76Billion for the 2024 financial year. The growth in revenue represents an increase of 72% from N405.50 billion that was recorded in the corresponding period in 2023. A breakdown analysis of the audited result also revealed that operating profit for the company in the financial year ended 2024 grew from N102.02billion in the corresponding period in 2023 to N193.01billion, representing an 89% significant rise.
According to the result released by NGX, the earning per share for the company for the 2024 financial year rose by 96%, moving from 3.17 to 6.22. A statement signed by the Chief Executive Officer, Lafarge Africa, Lolu Alade-Akinyemi noted that despite inflationary pressure on purchasing power which has affected the business, the Nigerian Infrastructure and construction sector has witnessed tremendous growth.
Alade-Akinyemi described the company’s outstanding financial performance as a testament to its strong market positioning, strategic initiatives drive on Volume growth, decarbonizing its environment though emission reduction and converting waste into energy.
We also leveraged on innovation and operational efficiency to deliver strong products and solutions into the building market, drive cost improvement, creating a great environment for our people to thrive and delivering value to our stakeholders.
He explained that despite a challenging business environment, the company remained resilient,
leveraging innovation and green growth in line with its sustainability ambitions, while also delivering value to its stakeholders.
”Lafarge Africa Plc remains committed to strengthening its leadership position in offering environmental friendly building solutions, while driving long-term profitability,” he said.
“We maintain our positive outlook for 2025, with market recovery expected to continue at similar growth with 2024. We will continue to maximize volume opportunities across our markets and actively manage our costs. We remain committed to our sustainability ambitions and strategy of ‘Accelerating Green Growth’ through innovative building solutions and delivery of stakeholder value,” he said.
He expressed appreciation to its esteemed customers, employees and all other stakeholders for their commitment, despite the macroeconomic headwinds being experienced in the industry.
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About Lafarge Africa Plc
Lafarge Africa Plc, a leading Sub-Saharan Africa building solutions company is a member of Holcim Limited, a world leader in building solutions accelerating our world’s green transformation. Listed on the Nigerian Exchange Group, Lafarge Africa is actively participating in the urbanization and economic growth of Nigeria, the largest economy in Africa.
Lafarge Africa has the widest footprint in Nigeria with cement operations in the South West (Ewekoro and Sagamu in Ogun State), North East (Ashaka, in Gombe State), South East (Mfamosing, Cross Rivers State) with Ready-Mix operations in Lagos, Abuja and Port Harcourt. Lafarge Africa has a current installed cement production capacity of 10.5Mtpa.
Lafarge Africa leverages on its innovative expertise to provide value-added products and services solutions in the building and construction industry in Nigeria. Additional information is available on the web site at www.lafarge.com.ng
About Holcim
Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 27.0 billion in 2023. Our 63,448 employees are driven by our purpose to build progress for people and the planet across our regions to improve living standards for all. We partner with our customers to offer the broadest range of advanced solutions, from sustainable building materials ECOPact and ECOPlanet, to our circular technology ECOCycle®, all the way to Elevate’s advanced roofing and insulation systems.
Business
Tinubu dissolves NNPC board, replaces Kyari as GCEO with Ojulari, names Kida as new non-executive chairman

has dissolved the board of the Nigerian National Petroleum Company (NNPC) Limited, removing its chairman, Chief Pius Akinyelure, and Group Chief Executive Officer (GCEO), Mallam Mele Kolo Kyari.
President Tinubu also set ambitious targets for the oil sector under his administration’s reforms.
Business
inDrive introduces essential, safe delivery tips for customers

inDrive, the urban mobility platform, has unveiled a list of essential delivery tips to help customers ensure the safe delivery of their items.
The list of essential delivery tips includes making a wise choice of courier, labelling of the item with the recipient’s name and address, indicating the fragility and weight of the item to a courier, choosing the right vehicle to transport the item(s), documentation of the item or package’s condition by taking a photo, wrapping the package with recycled materials, checking the courier’s rating and comments, camouflaging the contents of the package, delivering in person expensive items like high-end electronics, cash or jewellery.
The list of essential tips was released against the backdrop of recent findings by the company, which analysed 5,000 comments left by Nigerians about their experiences with deliveries in 2024 and their appreciation of the most unusual deliveries and comments.
According to the study, the top five delivery categories include Food (17%), Clothes (15%), Electronics (10%), Documents (4%), and Medicine (2%). Other notable categories are textiles and cosmetics, which show the broad spectrum of everyday needs for which Nigerians rely on delivery services.
Speaking on the findings, Timothy Oladimeji, spokesperson for inDrive and Senior Business Development, stressed that the platform has introduced many innovations to give users a memorable and safe delivery experience.
“At inDrive, people trust us to deliver everything from daily essentials to meaningful gifts and special purchases. That’s why we are committed to making our service as reliable and secure as possible. Over the past year, we’ve seen incredible growth in new clients in Nigeria, with person-to-person (P2P) deliveries – such as parcels sent between friends, family, or individuals – tripling and B2B deliveries growing sixfold.
In 2024, we introduced improvements to geo-tracking, enhanced courier selection based on ratings and feedback, and made ordering even more seamless. We always encourage users to choose couriers carefully, using our convenient rating system to ensure the best experience. While we strive to provide a safe and efficient service, we also recommend that users take extra care when sending high-value items, just as they would with any delivery service.”, Timothy said.
According to him, it is better always to select a courier with good ratings and positive feedback to ensure a safe and reliable delivery experience.
Food deliveries took the lead, with items ranging from simple everyday meals to elaborate and carefully curated delicacies. While the most common food package is simply labelled “Food” (64%), some senders specify unique dishes, reflecting Nigeria’s rich culinary traditions.
Among the most exotic and rare deliveries are 42 tubers of yams, 5 litres of soup, a bag filled with small chops, a box of pizza, a bowl of goat meat (asun), shawarma and ice cream. Clothes are also major items that dominate as many fashion-conscious Nigerians frequently send clothes through delivery services.
Some of the unique fashion items spotted among deliveries include autogele i.e elaborate headgear used in traditional Nigerian fashion, aso-oke and asoebi i.e fabrics worn at special occasions and weddings, vintage shirts, waist trainers, wedding dresses, veils, and petticoats. Other unique items that have been delivered include esoteric crafts, a fragile bonsai tree, air fryer, bass guitar, PlayStation 5 game disc and excavator keys.
Another significant trend is the delivery of gifts, with flowers, surprise presents, and hampers being among the most commonly sent. The Nigerian love for celebration and appreciation is evident in these thoughtful deliveries.
It noted that the safe delivery tips are also available on the inDrive app.
Business
NIGERIAN BOTTLING COMPANY AND QUALITY FOODS AFRICA CHAMPION WATER STEWARDSHIP FOR WORLD WATER DAY 2025

In commemoration of World Water Day 2025, Nigerian Bottling Company (NBC), a member of Coca-Cola HBC (CCHBC) and the bottling partner of The Coca-Cola Company and Quality Foods Africa, operator of Dodo Pizza, Krispy Kreme, Scoop’d Ice Cream and Burger Nation, have reinforced their commitment to water stewardship and environmental sustainability across Nigeria.
World Water Day, observed annually on March 22, is a United Nations initiative to spotlight the importance of freshwater and advocate for sustainable water management. The 2025 theme, “Glacier Preservation,” underscores the critical role of glaciers in sustaining life and maintaining the global water cycle
According to Oluwasoromidayo George, Corporate Affairs and Sustainability Director at NBC, the company marked the occasion with initiatives across several states, engaging communities, environmental advocates, and stakeholders to promote water conservation.
“Water is life—it sustains people, communities, and ecosystems. As the main ingredient in our products, we take our responsibility seriously by using it efficiently, treating it responsibly, and ensuring safe water returns to the communities we serve. Our World Water Day initiatives reflect this unwavering commitment,” George stated.
She explained that NBC’s activities spanned multiple locations, including Maiduguri, Kano, Lagos, Abuja, Asejire, Owerri, and Benin, focusing on water security, waterway and coastal protection, and community empowerment through sustainable actions.
A major highlight of this year’s activities was the clean-up exercise at Elegushi Beach, Lagos, organized in partnership with Quality Foods Africa (QFA), franchisors of loved brands like Dodo Pizza and Krispy Kreme, as well as homegrown brands such as Scoop’d and Burger Nation. Employees of NBC and QFA, along with volunteers and environmental advocates, participated in removing plastic waste and pollutants, reinforcing both companies’ commitment to cleaner coastlines.
“At Quality Foods Africa, sustainability is at the heart of what we do. Partnering with the NBC for this year’s World Water Day aligns with our commitment to responsible business practices. Through initiatives like the Elegushi Beach Clean-Up, we are not just fostering cleaner coastlines but also reinforcing the importance of collective action in protecting our environment for future generations” – Omachona Eguda, Marketing Manager, Quality Foods Africa.
On March 21, NBC conducted an awareness session at Amakohia Primary School, Owerri, educating students and teachers on the importance of water conservation. On March 22, the company embarked on a sensitisation drive at Kuchigoro Community, Abuja, which included a WASH (Water, Sanitation & Hygiene) awareness campaign to enhance community water access and hygiene standards. The activities culminated with a water conservation awareness walk in Owerri on March 25, further amplifying messages on sustainable water management.
Through these initiatives, NBC continues to lead by example in water conservation and environmental sustainability, reaffirming its role as a responsible corporate leader dedicated to a water-secure future.
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About the Nigerian Bottling Company
Nigerian Bottling Company (NBC) Ltd is a member of the Coca-Cola Hellenic Bottling Company A.G, an anchor bottler for The Coca-Cola Company in 29 countries in North, Central and South Europe, Asia and Africa with over 715 million consumers and more than 197 brands in these markets. NBC manufactures, markets, and distributes a portfolio of strong brands including Carbonated Soft Drinks which has the iconic Coca-Cola, Coke Zero, Fanta, Sprite, Schweppes and Limca; Still Drinks including the Five Alive range and Eva water while also partnering with other beverage businesses to sell Monster and Predator energy drinks and premium spirit brands.
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