Shareholders of Lafarge Africa have approved a resolution to change the company’s name to HBM Nigeria Plc.

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According to a notice filed with the Nigerian Exchange (NGX) Limited on Tuesday, the decision was taken at the firm’s 67th annual general meeting (AGM) held on April 30.

“That the name of the Company be and is hereby changed to HBM Nigeria PLC and consequent upon the change of name, that Clause 1 of the Memorandum of Association of the Company be and is hereby deleted and replaced with the following new clause,” the notice reads.

In the resolution, shareholders also authorised the board of directors “to take all necessary steps and actions to give effect to this resolution”.

The company said its memorandum and articles of association will be amended to reflect the new name, subject to regulatory approvals.

At the meeting, shareholders also received the company’s audited financial statements for the 2025 financial year, alongside the reports of the directors, auditors, and audit committee.

The resolutions were certified by Adewunmi Alode, company secretary, and Lolu Alade-Akinyemi, group managing director and chief executive officer.

On December 1, 2024, Holcim, a Swiss building materials company, agreed to sell it 83 percent stake in Lafarge Africa to Huaxin Cement Ltd., a Chinese firm.

On August 29, 2025, Holcim said it had completed the deal, valued at $1billion.