LAGOS (CU)_Three major cement manufacturers in Nigeria recently reported a sharp growth in earning during the nine months which ended on 30 September, as the economy continues to recover from the downturn brought about by the pandemic, which had a devastating impact on the country’s construction industry. Over the past few months, prices have hiked in the global petroleum industry, a sector which largely contributes to Nigeria’s GDP. As a result, the government of the West African nation has been spending more in infrastructure, expanding the demand for cements and other industrial goods.
Accordingly, Dangote Cement, Lafarge Africa and BUA Cement, who are among the top five cement companies in the country, reported a…
