Inside details of Cement makers’ struggle to sustain cashflow

Nigeria’s cement makers recorded a combined net cash flow used in financing activities of N-95.37 billion in the first quarter of 2022.

Despite having a strong balance sheet that provides them the firepower to ward off macroeconomic headwinds, Nigeria’s largest cement makers, Dangote Cement Plc, Lafarge Africa Plc and BUA Cement Plc are struggling to keep cash for financing activities, according to findings by BusinessDay. Nige

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