The Nigerian government has handed over US$419.50bn to the Ministry of works for the proceeds of the third Sukuk Bond that it recently raised
Construction
Nigeria’s Sukuk bond oversubscribed by 446 per cent, says Debt Management Office
The Nigerian Debt Management Office (DMO) has announced an oversubscription of its US$390mn third Sovereign Sukuk bond by 446 per cent, attracting US$1.72bn in total
BUA Cement to establish cement plant, 50MW power plant in Adamawa
BUA Cement, one of West Africa’s leading cement companies, is set to establish a three million metric tonnes cement plant and 50MW power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria
Sub-Saharan Africa’s construction sees cuts as COVID-19 impacts economic activity, says GlobalData
The 2020 construction output growth forecast for the sub-saharan Africa (SSA) region has been revised down to 0.7 per cent from the previous pre-COVID forecast of 3.6 per cent, according to GlobalData
Metso Outotec commences operations
Metso Outotec, a new company aiming to be a partner for positive change in the aggregates, minerals, metals refining and recycling industries, started operations on 1 July