Economy
Improved Distribution Efficiency Raises HBM Nigeria H1 2026 Revenue by 31%
By Aduragbemi Omiyale
HBM Nigeria Plc, formerly Lafarge Africa Plc, recorded a 31 per cent surge in revenue in the first half of 2026 by 31 per cent as a result of an 11 per cent jump in volume growth, enhanced operational stability and improvement in distribution efficiency.
Also, in the first six months of this year, the cement maker grew its operating profit by 51 per cent to N291 billion after sustained efficiency gains across the business, while operating margin soared to 43 per cent from 37 per cent in H1 2025, with the net profit increasing by 57 per cent to N208 billion.
HBM Nigeria is a leading provider of innovative building solutions and manufacturer of a wide range of cement, ready mix, mortar and Plaster of Paris brands.
“Our H1 2026 performance demonstrates the continued strength of our business and the successful execution of our strategic priorities. These results reflect disciplined cost management, operational excellence, and prudent financial stewardship.
“We are focused on further improving supply reliability, advancing our cost leadership agenda, driving innovation, accelerating our sustainability initiatives, and maintaining the highest standards of health and safety,” the chief executive of HBM Nigeria, Mr Lolu Alade-Akinyemi, disclosed.
He assured that the cement firm would remain focused on building on a strong operational momentum by leveraging the industrial and technical expertise of Huaxin Building Materials Ltd to drive operational excellence and improve efficiency across the business.
In light of this, HBM Nigeria has commenced the engineering design for its third production line at Calabar, a state-of-the-art 3-million-ton integrated cement facility. The project is progressing through the requisite development processes, with completion expected within 12 months following commencement of construction.
On HBM Nigeria’s business outlook for the rest of the year, Mr Alade-Akinyemi said, “Nigeria’s demand outlook for cement remains positive, supported by ongoing infrastructure development, urbanisation, and resilient activity across the construction sector, despite a dynamic global operating environment.”
“As macroeconomic conditions continue to improve, we expect demand across our key market segments to remain supportive of sustainable growth.
“We plan to continue focusing on capturing volume growth opportunities while maintaining disciplined cost management and operational excellence to strengthen profitability and preserve margins.
“The company remains well positioned to create sustainable long-term value for its shareholders and all stakeholders by leveraging its resilient operating platform, a strong balance sheet, and disciplined execution of strategic priorities,” he stated.
By Aduragbemi Omiyale
The management of Africa Prudential Plc has charted five strategic priorities to drive the company’s growth through the second half of 2026.
These goals were announced by the organisation at its investor call, attended by various stakeholders in the capital market.
Addressing participants at the call on Tuesday, July 28, 2026, the chief executive of Africa Prudential, Ms Catherine Nwosu, said one of these priorities is delivering sustainable business growth through core registrar and new business lines.
She listed others as accelerating product and service innovation leveraging technology, strengthening Africa Prudential’s brand equity and market leadership, investing in talent development and organisational capability, and deepening corporate governance and institutional excellence.
At the event, a key question from investors focused on the company’s ability to sustain earnings growth in an environment where interest rates may begin to moderate.
In her response, Ms Nwosu said, “Interest rates influence our treasury income positively, but that is why we are deliberately diversifying our revenue streams. Our strategy is to grow recurring fee-based business lines such as our digital solutions, KYC services, AGM technology, Probate services, and the SabiVest mobile app. Over time, this will reduce our reliance on interest income and create a more balanced and resilient earnings mix.”
“With capital market activity nearly doubling over the past year, demand for seamless digital investor experiences, improved market efficiency, and stronger compliance standards continues to grow.
“We are investing in technology-enabled solutions that position us to capitalise on these opportunities while delivering sustainable value to our shareholders,” she added.
In the first half of 2026, Africa Prudential, a leading provider of share registration services and capital market solutions, reported another strong performance, demonstrating strong corporate governance and resilience, and the effectiveness of its growth strategy despite an evolving macroeconomic environment.
Its gross earnings grew by 27 per cent to N4.28 billion from N3.34 billion in the same period of the previous year, while net operating income rose by 27 per cent to N4.21 billion.
In H1 2026, profit before tax soared by 22 per cent to N2.41 billion, while the profit after tax surged by 18 per cent to N1.59 billion, with total assets expanding by 13 per cent to N46.53 billion, and shareholders’ fund also up by 13 per cent to N12.52 billion.
It was observed that the impressive results were driven by sustained growth in the company’s core registrar business, increased corporate action activities across the Nigerian capital market, stronger treasury performance supported by the prevailing interest rate environment, and increasing adoption of Africa Prudential’s technology-enabled solutions.
Beyond the numbers, management reaffirmed Africa Prudential’s strategic evolution from a traditional registrar into a diversified technology and business solutions company serving the broader capital market ecosystem.
By Aduragbemi Omiyale
The 7th Africa Emerging Markets Forum has commenced in Abuja, Nigeria, with critical stakeholders in the financial services and other industries in attendance.
The programme commenced today, Wednesday, July 29, 2026, and will end tomorrow, Thursday, July 30, 2026.
It is taking place at the headquarters of the Central Bank of Nigeria (CBN) in Abuja.
The hybrid forum is themed Building Resilience Amidst Geoeconomic Uncertainties. It brings together distinguished policymakers, economists and development leaders to explore practical solutions for strengthening Africa’s resilience in an increasingly complex global economy.
Speaking at the conference are the CBN Governor, Mr Olayemi Cardoso; the Director-General of the World Trade Organisation (WTO), Mrs Ngozi Okonjo-Iweala; Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele; and the chief executive of Emerging Markets Forum, Mr Harinder S. Kohli.
The organisers have provided an avenue for those unable to attend the programme physically to catch up with it via their social media platforms, including on the YouTube channel of the central bank.
By Adedapo Adesanya
President Bola Tinubu says ongoing reforms by his administration have led to the stability of the country and delivered the economy from bankruptcy.
He spoke on Tuesday in Abuja while receiving the leadership of the Catholic Bishops’ Conference of Nigeria (CBCN), led by its President, Most Rev. Matthew Ndagoso, at the State House.
The president said that the government will sustain interventions that directly improve the livelihoods of families and citizens, such as the Nigerian Education Loan Fund (NELFUND).
“I have listened to you carefully, and most importantly, your key areas are security and education. I can tell you categorically with sincerity that the country has been placed on a sound footing. The economy has recovered. The alarm for bankruptcy and dark tunnel of uncertainty that we had when I came in has been changed,” he said.
“The spirit of the people is lifting, and the economic turmoil that we feared is cleared. The economy has been delivered from bankruptcy.
Mr Tinubu said restructuring of security operations and institutions will deliver victory over terrorism, banditry and kidnappings across the country.
He stated that the security challenges are being confronted through enhanced intelligence gathering, restructuring and repositioning of security institutions, improved logistical support, and prioritisation of frontline personnel welfare.
“We don’t have another country but here – this Nigeria. And I will refer to the national anthem that in our complexity and diversity, we shall thrive, live, rejoice and be good to all, and humanity,” he said, according to a statement from presidential spokesman, Mr Bayo Onanuga.
“I have just approved the expansion of the armed forces. We are getting more equipment and building new barracks. We will defeat terrorism. It should be part of your sermons. I won’t deviate from our national anthem,’’ the President added.
He urged citizens to explore available opportunities for engagement provided by the government and private institutions and embrace education, entrepreneurship and skills acquisition.
“We have no control over the population growth and trajectory. That is why you have membership in your various faiths and churches, to give hope to people and give commitment to humanity in the true sense of it. Our founding fathers did their best. They left us a nation, and we owe it to generations yet unborn to sustain it,’’ Mr Tinubu added.
The president said the unity, stability and prosperity of the country must be held sacrosanct by all stakeholders, noting that the outlook on the country must remain positive. His comment comes months before the general elections, where he is seeking a second term. Opposition parties have alleged that the government is intimidating opponents.
He told the CBCN leaders that the Independent National Electoral Commission (INEC) is neutral and that his government will give equal opportunities to every party.
President Tinubu further informed his guests that state governors, based on the constitution, have the authority to decide the return of mission schools, but affirmed that more universities had been approved to meet the growing demand for higher education, and the statistics by the NUC will help in the budgeting of NELFUND.
“I believe in what you believe; we should embrace education to get out of poverty,’’ he said.
In his remarks, the President of the CBCN appreciated the President for the warm reception extended to the Holy See’s Secretary for Relations with States and International Organisations, Archbishop Paul Gallagher, on the occasion of the 50th anniversary of relations between Nigeria and the Vatican.
The cleric outlined areas of concern in the country, which include security, quality tertiary education and limited spaces, sustaining gains of democracy, credible elections and poverty, urging his host to consider the return of mission schools and fair treatment for all worshippers, including the provision of worship places in all parts of the country, without bias.
The Archbishop of Kaduna called for free and fair elections in 2027, saying, “As a man who risked so much in the struggle for the return of democratic rule in the dark days of the military dictatorship, your greatest legacy would be the strengthening of our democratic institutions.”
