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WAPCOIndustrial Goods

Lafarge Africa Plc

₦227
▲ 3.4%+101% YTD
≈ $0.16 · Forex rate

Key stats

Market cap
₦350B
P/E ratio
10.0x
Dividend yield
1.5%
52-week range
₦80 – ₦240
Founded
1959
Listed
1979
Board
Main Board
Industry
Cement Manufacturing
HQ
Lagos, Nigeria
CEO
Lolu Alade-Akinyemi
Shares
16.108B
ISIN
NGWAPCO00006

Key milestones

1959
WAPCO founded by Federal Govt and Lafarge
1979
Listed on Nigerian Stock Exchange
2014
WAPCO/UNICEM/AshakaCem merger creates Lafarge Africa
2015
Holcim-Lafarge global merger
2020
Operational turnaround program initiated
2025
PAT grew 101% — best Nigerian cement turnaround
2026
Share price up 101% YTD

Why Lagosian dey care about WAPCO

Lafarge Africa Elephant Cement na di third major cement brand for Lagos construction site. Dia Ewekoro plant for Ogun (near Lagos) supply plenty Lagos residential and commercial concrete. PAT grow 101% for 2025 — best operational improvement for Nigerian cement. Stock up 101% YTD.

About di company

Lafarge Africa na one of di oldest cement company for Nigeria — dem found am for 1959 as WAPCO. Holcim Group (world largest cement company) own dem now. Four cement plant: Ewekoro and Sagamu (Ogun), Mfamosing (Cross River), and Ashaka (Gombe). Combined capacity na 10.5 Mtpa. PAT grow 101% for 2025 — best operational improvement for Nigerian cement.

Business segments

1.Cement Manufacturing (10.5 Mtpa across 4 plants)
2.Ready-Mix Concrete (Lagos focus)
3.Aggregates
4.Premium products (Supaset, Ecoplanet)
📈 Why buy

Operational turnaround proving real (101% PAT growth). Holcim parent provides technology and best practices. Discount to Dangote/BUA on per-tonne valuation. Lagos market exposure via Ewekoro plant.

📉 Why fear

Smaller scale than Dangote and BUA. Higher coal/gas exposure than competitors. Limited international diversification. Competing with two domestic giants for market share.

Key risks

  • ⚠Coal and gas cost inflation
  • ⚠Competition from Dangote and BUA
  • ⚠Limited international footprint
  • ⚠Holcim parent strategic shifts
  • ⚠Cement glut if construction slows

Trading activity — past 3 months

Lafarge Africa is among the top 30 traded stocks. WAPCO traded 88 million shares in 65,000 deals worth ₦19 billion over the past three months. The stock has been particularly volatile around quarterly results.

Industrial Goods sector — WAPCO dey rank 4 of 5

By market cap

#TickerNamePriceYTD
1DANGCEMDangote Cement Plc₦1,180+48%
2BUACEMENTBUA Cement Plc₦418+72%
3GEREGUGeregu Power Plc₦1,142+95%
4WAPCOLafarge Africa Plc₦227+101%
5BETAGLASBeta Glass Plc₦598+120%
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Frequent Question

WAPCO (Lafarge Africa Plc) na trading at ₦226.5. Up 3.42% today, +101% YTD.

Important Disclaimer

Stock prices wey dey dis page dey delayed by at least 30 minutes and na for informational purposes only. Lagos.cool NO be licensed stockbroker, investment advisor, or securities dealer. We no dey buy, sell, or recommend any securities.

Past performance no be guarantee for future result. Stock price fit go down as e fit go up, and you fit lose some or all of your investment. Always consult licensed stockbroker or financial advisor before you make investment decision.

Data dey come from di Nigerian Exchange (NGX) and public corporate disclosure.