Lafarge Africa Plc has announced plans to change its corporate name to HBM Nigeria Plc after securing shareholder approval at its 67th Annual General Meeting (AGM).
The decision, disclosed in a notice filed with the Nigerian Exchange Limited on Tuesday, was adopted during the company’s AGM held on April 30, marking a significant shift in its corporate identity.
According to the notice, shareholders passed a resolution approving the name change and authorising the board of directors to take all necessary steps to implement it.
The company also confirmed that its Memorandum and Articles of Association would be amended accordingly, pending regulatory approvals.
“That the name of the Company be and is hereby changed to HBM Nigeria PLC,” the notice stated, adding that relevant clauses in its corporate documents would be updated to reflect the new identity.
Beyond the rebranding resolution, shareholders at the meeting also reviewed and received the company’s audited financial statements for the 2025 financial year, alongside reports from the board of directors, external auditors, and audit committee.
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The resolutions were formally certified by the company secretary, Adewunmi Alode, and the Group Managing Director/Chief Executive Officer, Lolu Alade-Akinyemi.
The development follows a major ownership transition involving Holcim, which previously held a controlling stake in Lafarge Africa.
In December 2024, Holcim agreed to sell its 83 per cent stake to Huaxin Cement Ltd in a deal valued at approximately $1 billion.
By August 2025, Holcim confirmed the completion of the transaction, effectively transferring majority ownership of the Nigerian cement giant to the Chinese firm.
Industry analysts say the proposed rebranding to HBM Nigeria Plc reflects the company’s evolving ownership structure and strategic repositioning within Nigeria’s competitive cement market.