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Nigeria: Dangote and BUA face a rival answering to Hong Kong, not Lagos

Nigeria: Dangote and BUA face a rival answering to Hong Kong, not Lagos

By GhanaSummary NewsroomPan-Africa

n Cement makes a big move in Nigeria by acquiring Swiss company Holcim’s stake in Lafarge Africa © Holcim Published on July 20, 2026 at 09:42 am (GMT +1) When Huaxin completed its $1bn purchase of Holcim’s stake in Lafarge Africa last August, the deal was widely read in Lagos as a domestic fight: a third force entering to challenge the duopoly of Aliko Dangote and Abdul Samad Rabiu.

What we know Aliko Dangote Abdul Samad Rabiu Nigeria Business Infrastructure Construction Africa Insights Wake up to the essential with our daily newsletter.

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