PRESIDENT TINUBU'S MESSAGE OF CONDOLENCE TO CHIMAMANDA ADICHIE AND HER FAMILY. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS STATEMENT PRESIDENT TINUBU'S MESSAGE OF CONDOLENCE TO CHIMAMANDA ADICHIE AND HER FAMILY   With a deep sense of grief, I condole with Ms Chimamanda Ngozi Adichie, her husband, Dr Ivara Esege, and the entire family on the passing of their son, Nkanu Nnamdi.   As a parent myself who has suffered the loss of a loved one, no grief is as devastating as losing a child.   I empathise with the family at this difficult time, and I mourn this sad loss with them.   Ms Adichie is a literary icon who has brought joy and light to many homes globally, and I pray she and her family find strength in the Almighty in this trying hour.   My prayers are with the family.   Bola Ahmed Tinubu, GCFR President and Commander-in-Chief of the Armed Forces Federal Republic of Nigeria January 8, 2026
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SWISS CEMENT MAKER HOLCIM EXITS NIGERIA, SELLS BUSINESS TO CHINESE FIRM. (PHOTO).

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 Swiss cement maker Holcim exits Nigeria, sells business to Chinese firm


Swiss cement maker Holcim will exit its Nigerian business through the sale of its nearly 84% stake in Lafarge Africa to China’s Huaxin Cement, it was announced on Sunday.


The sale price is $1 billion for a 100% stake.


The sale aligns with Holcim’s strategy to streamline its portfolio and focus on high-growth regions, including the upcoming spin-off of its North American business, which remains on track for a U.S. listing in the first half of 2025.


The transaction is expected to close in 2025, subject to regulatory approval, according to Holcim’s statement, which did not provide further details on the reason for this specific sale.


In November 2023, Holcim said it had signed deals to sell its businesses in Uganda and Tanzania, further advancing its strategy to consolidate leadership in core markets as the global leader in innovative and sustainable building solutions.


According to Reuters, The deal marks the latest in a series of African acquisitions by Huaxin Cement. In 2021, Huaxin Cement announced it had agreed to buy two businesses that were part of Lafarge, which merged with Holcim in 2015: a 75% stake in Lafarge Zambia and all of Lafarge Cement Malawi.

Last year, it also announced the purchase of South Africa’s Natal Portland Cement Company.


Holcim has been focusing on sustainable growth in its core markets, higher-margin products, and strategic infrastructure investments. The company is also working to enhance its environmental credentials, having taken a stake in Sublime Systems, a U.S. tech start-up focused on low-carbon cement.


In October, Holcim reported a slightly better-than-expected recurring operating profit of 1.67 billion Swiss francs ($1.90 billion) for the third quarter.

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