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Cement maker Lafarge Africa renamed HBM Nigeria Plc

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Lafarge Africa, acquired by Chinese investors from the Swiss-based Holcim Group last year, has adopted HBM Nigeria Plc as its new name.

According to a regulatory filing sighted on Tuesday, the cement maker’s new name tallies with the company’s long-term goals and its resolve to better serve stakeholders.

“The name change received full shareholder approval at the Annual General Meeting (AGM) held on the 30th of April 2026,” the company stated in the Nigerian Exchange filing.

“The Corporate Affairs Commission (CAC) has officially approved and issued the Certificate of Incorporation reflecting the name change,” it added.

In December 2024, Lafarge Africa disclosed that the Holcim Group had entered into a share purchase agreement with Huaxin Cement, headquartered in Wuhan, China, to acquire an 83.1 per cent stake in the company.

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Until it divested its interest in Lafarge Africa, the Holcim Group held the controlling stake through Caricement BV and Associated International Cement Limited.

Regulatory hurdles, including a Senate directive ordering the Bureau of Public Procurement to halt the transaction last March, meant it was not closed until nine months after it was first made public.

READ ALSO: Champion Breweries appoints new managing director

“We cannot afford to wake up one day and realise that our cement industry, one of the backbones of our economy, is entirely in foreign hands,” said Shuaib Salisu, the senator representing Ogun Central, who raised the motion at the upper legislative body at the time.

The acquisition was valued at $1 billion (approximately ₦1.6 trillion) when the deal closed last August.

The first major expansion project under the new majority owner—a planned capacity increase of the Ashaka Cement plant in Gombe to 2MT and the Shagamu plant to 3.5MT—was announced early this year.

HBM Nigeria assured shareholders in the statement that their current share certificates and electronic holdings remain valid, despite the name change. They will be updated automatically by the registrars, it said.

 


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Business

Passenger dies aboard Kenya Airways flight from Nairobi to Lagos

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A passenger has died aboard a Kenya Airways flight from Nairobi to Lagos after becoming unresponsive about 20 minutes before the aircraft landed at the Murtala Muhammed International Airport, Lagos.

Kenya Airways confirmed the incident in a statement on Wednesday, saying the medical emergency occurred at about 9:20 p.m. Nigerian time on Tuesday.

The airline said its crew administered first aid to the passenger in line with their training and followed emergency procedures before the aircraft landed at 9:41 p.m.

“Upon landing at Murtala Muhammed International Airport at 21:41 hrs, the aircraft was met by medical personnel, and upon further examination, the medical personnel confirmed that the passenger had passed away,” the airline said.

Kenya Airways expressed condolences to the passenger’s family and friends and said it was providing support in coordination with the family, local authorities and aviation regulators.

The airline did not disclose the identity of the passenger or the cause of death, saying it would respect the privacy and dignity of those involved.

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NCAA responds

Responding to the incident, Michael Achimugu, Director of Public Affairs and Consumer Protection at the Nigeria Civil Aviation Authority (NCAA), said the police have taken over the investigation.

Mr Achimugu said he was briefed by Kenya Airways’ country manager on Wednesday morning.

According to him, the passenger had reportedly been picked up in Madagascar after authorities there denied him entry and was being returned to Nigeria by Kenya Airways.

He said the airline was expected to return the passenger because it had transported him to Madagascar.

“The country manager said he was picked from Madagascar, after customs had earlier denied him entry into the country, and as expected, the airline that brought him into the country must take him back,” Mr Achimugu said.

He further said the passenger allegedly became restless and aggressive during the return flight, attempted to gain access to the cockpit and later tried to open the rear door of the aircraft.

He explained that the passenger was subsequently restrained by members of the crew.

“When he got into the aircraft, he became restless and aggressive inside the aircraft, wanted to enter the cockpit and later wanted to open the rear door, but was later tied down. His hands were tied to his back to ensure that he stopped the troubles,” he said.

Mr Achimugu said the passenger was pronounced dead after the aircraft arrived in Lagos.

“But when he got to Nigeria, he was declared dead on arrival. I don’t want to pre-empt the police investigation, but they have taken it over for now,” he said.

He added that the deceased’s family could request an autopsy as the investigation progresses.

Police begin investigation

The spokesperson for the Airport Command of the Nigeria Police Force, Muhammed Adeola, confirmed that an investigation had commenced.

Mr Adeola said the incident involved an “inadmissible passenger” and that complications reportedly developed during the return flight.

“Yes, it’s true, and investigations have commenced. It’s an issue of an inadmissible passenger, and the said complications arose on their way back,” he said.

He said the passenger became unable to breathe before medical personnel were alerted ahead of the aircraft’s arrival.

Mr Adeola said the police have taken statements from members of the flight crew, including the captain.

He added that the body had been deposited at a morgue in Ikeja.

Similar incident

The death is not the first reported case of a passenger dying aboard an international flight bound for Lagos.

In March 2019, a 54-year-old passenger aboard a Delta Air Lines flight from Atlanta, United States, to Lagos was found unresponsive shortly before the aircraft landed at the Murtala Muhammed International Airport.

The passenger was confirmed dead after the aircraft landed, with medical personnel meeting the flight at the airport.

Medical emergencies have also led to international flights returning to Lagos.

In September 2025, PREMIUM TIMES reported that a United Airlines flight from Lagos to Washington, D.C., returned to Lagos after a passenger suffered a medical emergency about 90 minutes into the journey. Medical personnel attended to the passenger after the aircraft landed.

Kenya Airways said it is providing the necessary support in coordination with the deceased passenger’s family, local authorities and aviation regulators.

The airline also apologised for any inconvenience the incident may have caused other passengers.


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LASG, FG Deepen Partnership to Enhance Power Supply

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The Lagos State Government and the Federal Government have strengthened their collaboration to improve electricity supply in Lagos.

The Governor of Lagos State, Mr. Babajide Sanwo-Olu and Minister of Power Mr. Joseph Tegbe, discussed their shared commitment to boosting electricity after the Ministerial Implementation Retreat with Federal Authorities on the Clean Lagos Electricity Market (CLEM), held at Lagos House, Marina, on Monday.

During the four-hour retreat, stakeholders including Governor Sanwo-Olu, Tegbe, and other top officials identified practical measures to tackle challenges within the power sector.

Speaking after the retreat, Governor Sanwo-Olu told journalists that the discussions were open and productive, offering a chance for participants to confront real sector issues and propose viable solutions.

He added that the main goal was to ensure that the benefits from the partnership reach electricity consumers and residents, emphasising the importance of turning the retreat’s resolutions into real results.

Sanwo-Olu stated that the initiative aligns with President Bola Tinubu’s vision of creating a more reliable and sustainable electricity supply nationwide, with Lagos playing a key role.

He also expressed satisfaction with the strong participation from key institutions, including the Transmission Company of Nigeria, Nigerian Electricity Regulatory Commission, Rural Electrification Agency, and other stakeholders.

Earlier, Tegbe stressed Lagos’s vital role in the nation’s power demand, and underlined that effective collaboration among federal and state bodies is crucial to expanding reliable power access.

He mentioned that a steering committee comprising relevant stakeholders will oversee the implementation process, ensuring that the retreat’s resolutions are translated into measurable actions.

Tegbe said the retreat aimed to go beyond mere discussion, establishing practical interventions that could lead to a more dependable electricity market in Lagos.

The focus of the retreat was on key areas such as the electricity market, regulatory framework, and technical and operational issues requiring immediate and long-term solutions.

The post LASG, FG Deepen Partnership to Enhance Power Supply appeared first on Business Today NG.

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