Nigeria’s cement giants, Dangote Cement, BUA Cement, and Lafarge Africa are some of Nigeria’s most profitable companies in 2024, collectively posting a net profit of N677.3 billion—an 18% increase from the N576.2 billion recorded in 2023.
On the surface, Dangote Cement appears to have outperformed its competitors in terms of sheer size, generating N3.58 trillion in revenue, compared to BUA Cement’s N876.5 billion and Lafarge Africa’s N696.8 billion.
However, while Dangote Cement stands out as the most profitable cement producer, Lafarge Africa offers a compelling argument for investors looking for value.