Lafarge Africa Plc is set to seek shareholder approval to change its name to HBM Nigeria Plc at its 67th Annual General Meeting scheduled for April 30, 2026, in Lagos.
The proposal was disclosed in a corporate filing with the Nigerian Exchange, where the company outlined key agenda items for the meeting, including financial reporting, dividend approval, and board restructuring.
The proposed rebranding is a major item requiring a special resolution from shareholders. If approved, it will formally amend Clause 1 of the company’s Memorandum of Association to reflect the new corporate identity.
Lafarge Africa also confirmed that its register of members was closed from April 6 to April 10 to update records for dividend qualification. Payments are expected on April 30, subject to shareholder approval.
The planned name change signals a potential shift in corporate strategy, as the company looks to consolidate its market position and align with a new growth phase.
This would mark the fourth name change in the company’s history, from West Africa Portland Cement Company (WAPCO) to Lafarge Cement WAPCO Nigeria Plc, and later to Lafarge Africa Plc following the Lafarge-Holcim merger in 2014.
The rebranding move comes on the back of a strong 2025 performance. Revenue surged by 53 per cent to N1.1 trillion, while profit after tax jumped 173 per cent to N273 billion. Operating profit also rose to N392 billion, reflecting improved efficiency.
Earnings per share climbed to N17 from N6.22, and the company has proposed a final dividend of 600 kobo per share.
