Dangote Cement has reinforced its dominance of Nigeria’s cement industry, accounting for nearly 64 percent of the total market share by revenue in the first half of 2026.
According to the market analysis by BusinessDay, BUA Cement continues to narrow the competitive gap with 18.58 percent, and HBM Nigeria begins a new chapter under Chinese ownership with 17.3 percent market share.
An analysis of the latest half-year financial statements of Dangote Cement, BUA Cement, and HBM Nigeria (formerly Lafarge Africa) shows the three companies generated a combined revenue of about N3.92 trillion in the six months ended June 2026, underscoring the resilience of construction demand despite elevated borrowing costs and persistent pressure on developers.
Dangote Cement remained the undisputed market leader, posting N2.51 trillion in revenue during the period, equivalent to about 64 percent of the combined revenue of the listed cement producers. The company also delivered a profit after tax of N638.5 billion, reflecting the benefits of its scale, pricing power, extensive distribution network, and export operations across Africa.
BUA Cement maintained its position as the industry’s closest challenger after reporting approximately N728 billion in revenue, representing about 18 percent of the combined market revenue.
