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Lafarge Africa’s Profit Skyrockets 246% To N207.8 Billion In Nine Months.
According to Nivo News, Lafarge Africa Plc has reported remarkable growth in its key financial metrics for the nine months ended September 30, 2025, with net profit surging by 246 per cent to N207.8 billion.....KINDLY READ THE FULL STORY HERE▶
The company’s interim report revealed that total revenue rose by 63 per cent, climbing from N479.49 billion in the same period last year to N780.48 billion. Cost of sales increased to N324.36 billion from N241.73 billion, while administrative and selling expenses grew by 48 per cent to N162.03 billion. Net profit after tax jumped from N60.08 billion in the third quarter of 2024 to N207.78 billion in 2025.
Chief Executive Officer, Lolu Alade-Akinyemi, attributed the strong performance to higher sales volumes, improved operational efficiency, and enhanced currency stability. He noted that the results reflected the company’s strategic market positioning, cost discipline, and operational excellence.
Within the three-month period ending September 2025, Lafarge Africa recorded a 43 per cent increase in sales, a 107 per cent rise in operating profit, and a net profit after tax of N75 billion. Over the nine-month period, net sales and operating profit increased by 63 per cent and 129 per cent respectively, underscoring the group’s resilience supported by sustained volume growth, efficiency gains, innovative products, and a relatively stable operating environment.
Alade-Akinyemi highlighted that the company’s partnership with Huaxin Cement Group has strengthened technical expertise, operational efficiency, and supply reliability, leveraging Huaxin’s 115-year global legacy in cement manufacturing.
Looking ahead, the CEO expressed optimism for continued growth in the building materials segment through the end of the year. He emphasized Lafarge Africa’s commitment to sustainability, including the expansion of alternative fuel use and eco-friendly solutions such as Ecocrete and Ecopanet to accelerate green growth in Nigeria’s cement industry.
He also acknowledged the support of shareholders, customers, partners, and employees, emphasizing that their collective contribution has been crucial to the company’s sustained performance. Lafarge Africa operates cement plants in Ogun, Gombe, and Cross River states, alongside Ready-Mix operations in Lagos, Abuja, and Port Harcourt.
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Atiku’s Biggest Political Mistake Was Allowing Obasanjo to Complete Second Term – Okechukwu.
A founding member of the All Progressives Congress (APC), Osita Okechukwu, has identified what he described as the biggest political mistake made by African Democratic Congress (ADC)....KINDLY READ THE FULL STORY HERE▶
Okechukwu argued that Atiku’s biggest political error was allowing former President Olusegun Obasanjo to secure a second term in office.
Atiku, who served as Obasanjo’s deputy, had reportedly nursed a presidential ambition ahead of the 2003 general election but eventually abandoned the plan to allow the former president to seek re-election.
Speaking with journalists on Sunday, Okechukwu highlighted some of what he considered political missteps in Atiku’s quest to become Nigeria’s president.
He said, “Atiku’s third unforced political error appeared to mirror his first in 2003, when he hurried into a presidential ambition rather than exercising patience in the established political tradition of the Fulani I know, by allowing President Olusegun Obasanjo to complete his constitutionally permitted second term.
“The second unforced error was when His Excellency breached Section 7 of the PDP Constitution and the subsisting rotation convention between North and South in 2023.”
The APC chieftain maintained that the ongoing crisis within the ADC offered another lesson on the importance of patience and strategic political engagement.
He argued that effective political strategy goes beyond assembling a political team, stressing the importance of timing, respect for the rule of law, established conventions and conflict management.
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ADC Crisis: Osita Okechukwu Says Nafiu Bala Has Exposed Atiku’s Political Strategy.
A chieftain of the All Progressives Congress (APC), Osita Okechukwu, has said the factional National Chairman of the African Democratic Congress (ADC), Nafiu Bala Gombe, has damaged the widely promoted image of the party’s presidential candidate, Atiku Abubakar, as a master political strategist.....KINDLY READ THE FULL STORY HERE▶
Okechukwu made the remark following revelations that Atiku had not contacted Bala amid the leadership crisis rocking the ADC.
Speaking with BBC Radio, Bala disclosed that despite the political crisis within the party, Atiku had never held a meeting with him.
“Atiku hasn’t contacted me even though he comes from my area. I went to court with just the constitution,” Bala said.
He added, “I said to everyone that if they had followed the correct steps, the court would have decided in their favour.
“But if we are correct, then we deserve our rights.”
Reacting to the development while addressing journalists on Sunday, Okechukwu argued that Bala’s revelation had undermined Atiku’s reputation as a skilled political strategist.
According to the APC chieftain, Atiku should have considered it important to privately engage Bala, particularly given their shared political background and family ties.
He said: “You would think that a politician who is always praised by his supporters as a skilled strategist would have seen it as very important to talk to Gombe privately, especially since they share the same local political background and family history.
“It seems strange that Atiku didn’t take such a simple political step, especially when the ADC crisis kept going on, which makes people wonder about the real skill of the so-called master strategist.”
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2027: Forget Party Loyalty, CSOs Tell Nigerians What to Consider Before Voting.
Thousands of supporters took to the streets of Potiskum on Sunday as the campaign motorcade of the African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, passed through the town, attracting a large crowd of men, women and youths.....KINDLY READ THE FULL STORY HERE▶
REPHRASE THIS……The Network of Civil Society Groups has announced plans to identify and publicly promote credible candidates across political parties ahead of the 2027 general elections, urging Nigerians to prioritise individual competence and integrity over party affiliation.
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The group said the initiative would provide voters with information about contestants whose records, leadership qualities and policy proposals demonstrate commitment to democratic values, inclusive representation and public accountability.
In a press statement signed on behalf of the network by Emmanuel Olowu Aiyedun, titled “2027: Supporting Persons, Not Parties; Advancing Democratic Pluralism, Inclusive Representation and Accountability,” the organisation said it aims to encourage issue-based electoral choices, political diversity and effective representation at the federal, state and local government levels.
“The initiative is necessary as Nigerians continue to grapple with economic difficulties, rising living costs and challenges in accessing affordable food, reliable electricity, quality healthcare, education and employment opportunities.”
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The organisation stated that citizens should evaluate political aspirants based on their personal records, integrity, competence, leadership experience, public conduct and proposed policies rather than their political parties.
It warned against blind political loyalty, noting that religious sentiments, ethnic affiliations, financial inducements and longstanding party attachment should not determine electoral decisions.
According to the statement, “While political parties remain important democratic institutions, party affiliation should not replace individual credibility, integrity, character, competence and a demonstrable record of public service.”
“We maintain that allowing candidates from different political parties and ideological backgrounds to participate in governance would strengthen democratic institutions, encourage constructive debates and promote checks and balances.”
As part of its planned activities, the organisation said it would organise civic education programmes, public engagements and discussions to enable voters to examine candidates’ backgrounds, policy proposals and commitments to public service.
It added that selected contestants from different political parties would be featured through candidate engagements, public interviews, policy discussions and media outreach to give Nigerians access to information about their leadership capacity and proposed contributions to governance.
The Network also called on political parties, aspirants, civil society organisations and the media to promote issue-based campaigns.
While urging Nigerians to reject vote-buying, ethnic divisions, religious manipulation and other forms of electoral inducement, it stressed the need for the 2027 elections to produce effective representation and accountable leadership responsive to citizens’ needs.
The Network of Civil Society Groups has unveiled plans to identify and publicly promote credible candidates across political parties ahead of the 2027 general elections, urging Nigerians to consider individual competence and integrity rather than party affiliation when choosing their leaders.
The organisation said the initiative would provide voters with information about candidates whose track records, leadership abilities and policy proposals reflect a commitment to democratic values, inclusive representation and public accountability.
In a press statement signed by Emmanuel Olowu Aiyedun on behalf of the network, titled “2027: Supporting Persons, Not Parties; Advancing Democratic Pluralism, Inclusive Representation and Accountability,” the group said the initiative was designed to promote issue-based voting, political diversity and effective representation at the federal, state and local government levels.
It noted that the initiative had become necessary as Nigerians continued to face economic challenges, rising living costs and difficulties accessing affordable food, reliable electricity, quality healthcare, education and employment opportunities.
The organisation urged citizens to assess political aspirants based on their personal records, integrity, competence, leadership experience, public conduct and proposed policies rather than the parties they represent.
It also cautioned against blind political loyalty, stressing that religious sentiments, ethnic affiliations, financial inducements and longstanding attachment to political parties should not influence electoral decisions.
“While political parties remain important democratic institutions, party affiliation should not replace individual credibility, integrity, character, competence and a demonstrable record of public service,” the statement read.
The network further argued that allowing candidates from different political parties and ideological backgrounds to participate in governance would strengthen democratic institutions, encourage constructive debates and promote checks and balances.
As part of its planned activities, the organisation said it would organise civic education programmes, public engagements and discussions to help voters examine candidates’ backgrounds, policy proposals and commitment to public service.
It added that selected candidates from different political parties would be featured through public engagements, interviews, policy discussions and media outreach to give Nigerians more information about their leadership capacity and proposed contributions to governance.
The Network also called on political parties, aspirants, civil society organisations and media outlets to promote issue-based campaigns ahead of the elections.
It urged Nigerians to reject vote-buying, ethnic divisions, religious manipulation and other forms of electoral inducement, emphasising the need for the 2027 elections to produce effective representation and accountable leadership that responds to citizens’ needs.
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