Lafarge Africa is seeking shareholder approval for a new name, HBM Nigeria Plc.
The company will present the proposal at its 67th AGM on April 30, 2026, in Lagos.
It disclosed the plan in a Nigerian Exchange filing on April 9.
Lafarge Africa Rebrand Vote
The rebrand joins audited accounts, dividend approval, and board elections on the agenda.
If shareholders approve it, the company will amend Clause 1 of its Memorandum of Association.
This change will redefine the company’s legal identity and corporate name.
Management insists shareholders must approve the proposal through a special resolution.
It also confirms the amendment will update official corporate records.
In preparation, the company will close its Register of Members from April 6 to April 10, 2026.
This step ensures accurate records for dividend processing.
If shareholders approve dividends, the company will pay them on April 30.
Additionally, the AGM will review financial statements and elect directors.
These actions strengthen transparency and support regulatory compliance.
Meanwhile, the company continues a long pattern of identity changes.
It first operated as WAPCO before it became Lafarge Cement WAPCO Nigeria Plc.
Later, it adopted Lafarge Africa Plc in 2014 after a major merger.
The merger combined Lafarge and Holcim African operations into one structure.
Now, the company proposes another strategic shift through the HBM Nigeria brand.
Read Also: Nigeria Poverty Stays 63% In 2025 As Inflation Slows
Revenue Growth And Market Momentum
For 2025, Lafarge Africa recorded revenue of ₦1.1 trillion.
This figure grew 53% from ₦696.8 billion in 2024.
Profit after tax rose sharply to ₦273 billion.
It climbed from ₦100.1 billion in the previous year.
Operating profit increased to ₦392 billion through efficiency gains.
Earnings per share improved to ₦17 from ₦6.22.
Shareholders will also consider a final dividend of ₦600 kobo per share.
The company will pay this subject to approval and tax deductions.
On April 9, the stock closed at ₦214.90 on the NGX.
It gained 1.4% from the previous close of ₦212.00.
So far, the stock has climbed about 60% year-to-date.
It started 2026 at ₦134.50 per share.
On April 10, early trading pushed it to ₦233.20.
This rise reflected an 8.5% gain and strong investor demand.
Ultimately, investors now wait as shareholders decide the company’s new identity.
