Sign in
GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%
Company Intelligence Terminal · Industrial Goods · Cement & Building Materials

WAPCO · Lafarge Africa Plc

Lafarge Africa Plc

WAPCO
NGXEquity · Ordinary SharesIndustrial GoodsCement & Building Materials
38.25NGN+1.86%
Market cap ₦617.00B · as of 17 Jun 2026, 09:10
Ask about WAPCO
Current price
38.25NGN
Open
37.38
Previous close
37.55
Today's range
37.24 – 38.50
52-week high
38.49
52-week low
34.97
Deals
1,168
Volume
5.1M
Value traded
₦195.5M
Market cap
₦617.00B
YTD performance
+1.86%

Company profile

Lafarge Africa Plc is a leading industrial & goods operator in Nigeria, with operations spanning multiple states and a track record across investment cycles.

CEO
Lolu Alade-Akinyemi
HQ
Lagos
Founded
1959
Employees
1,900
Sector
Industrial Goods
Sub-sector
Cement & Building Materials
Ticker
WAPCO
Website
wapco.ng
Beta
0.93
AI-generated summary

Lafarge Africa Plc (WAPCO) operates in Nigeria's industrial & goods value chain with an estimated FY2024 revenue of ₦503bn and PAT of ₦65bn. Headline ROE is 10.8% and leverage sits at 0.50x debt-to-equity, mapping to a composite risk score of 30/100 (Moderate).

Bull case
  • Scale leadership within its industrial & goods sub-sector with durable distribution moat.
  • Resilient ROE supports re-rating if rates ease in H2.
  • Attractive dividend yield versus listed peers.
Bear case
  • FX volatility could compress imported-input margins.
  • Working-capital build-up in a 27.5% MPR environment.
  • Sector regulatory cadence could front-load compliance cost.

Key risks

  • Macro: persistent inflation > 25% pressuring real demand.
  • Sector-specific regulatory action and tariff resets.
  • Single-market concentration in Nigeria.

Recent developments

  • Board recommended final dividend at last AGM cycle.
  • Operational expansion announced in Lagos corridor.
  • Engagement with CBN on FX repatriation framework noted in latest filing.

Recent news

  • positiveProshare Markets· 09 Jun
    Lafarge Africa Plc signs MoU with CBN on FX repatriation framework
  • neutralNGX Wire· 07 Jun
    WAPCO crosses key technical level on rising volume
  • negativeProshare Research· 04 Jun
    Analysts trim WAPCO FY26 EPS estimate by 4% on margin pressure
  • positiveBusinessDay· 01 Jun
    Lafarge Africa Plc expands Lagos operations with NGN 12.3bn capex