S’East: Ibeto may outsmart Dangote in cement visibility with 2 new plants in Ebonyi
All necessary conditions and funding are now ready for the construction of two new cement plants in Ebonyi State by indigenous producer, Ibeto Cement. The two plants are to be established in Nkalagu and Effium communities in Ishielu and Ohaukwu…
Ibeto Cement explains 70% stake acquisition in US oil firm, Century Petroleum
As business intelligence observers await the given 90 days ahead of final sealing of reverse merger scheme between Nigeria’s leading cement group, Ibeto Cement and United States (U.S.) publicly traded petroleum exploration and production company, Century Petroleum, the chairman of…
Cement market to deepen as Ibeto seals $850mn Milost deal to expand operations
Contrary to analysts permutations, leading cement giant controlling the Eastern market in Nigeria, Ibeto Cement has signed a $850 million (N306 billion) deal with US-based private equity firm, Milost Global Inc. It would be recalled that Japaul Oil and Maritime…
