Cement Companies Revenues Hit N5.79trn As Nigerians Struggle With Rising Building Costs

Dangote Cement Plc, BUA Cement Plc and HBM Nigeria Plc have posted a combined revenue of N5.79 trillion in the nine months to September 30, 2026, highlighting the sector’s strong earnings performance amid persistent concerns over rising building costs and declining housing affordability.
The combined figure increased by 20.8 per cent from N4.79 trillion recorded in the corresponding period of 2025, was driven by sustained price hikes, with retail cement now selling above N12,500 per bag in Lagos and other major cities, even as production costs grew slower than sales.
The breakdown shows Dangote Cement earned N3.774 trillion, up 19.6 per cent, with profit after tax of N974.8 billion, u...