Africa’s richest man, Aliko Dangote, has seen his net worth rise to $30.2 billion, according to the latest data from the Bloomberg Billionaires Index. The report, cited by Naira Metrics, shows that Dangote’s fortune has grown by $2.25 billion (8%) year-to-date, driven by gains in his cement, oil, and fertilizer businesses. Bloomberg’s data also indicates […]
By Motolani Oseni For their strict compliance with rules and regulations governing road usage, the Dangote Cement Plc, Transport division, has quadrupled the enrollment of female truck drivers into the Dangote Articulated Truck Driving School. This is just as the National Board for Technical Education (NBTE) gave Dangote Cement Plc a thumbs-up over the establishment […]
MOTOLANI OSENI The equities market of the Nigerian stock exchange on Thursday relapsed its three days gaining streak, following the selloffs of Dangote Cement and 14 others as market declined by N391 billion to close at N21.751 trillion at the close of yesterday trading session. The All-Share Index (ASI) declined by 749.94 absolute points, representing […]
*Buhari condoles with Aliko Dangote, family Alhaji Sani Dangote, a Non-Executive Director of Dangote Cement Plc, and brother to Africa’s richest man, Alhaji Aliko Dangote, is dead. He died on Sunday, an official of the company said. The Deputy Company Secretary, Mr Edward Imoedemhe, on behalf of Dangote Cement, disclosed this in a notice to […]
By Motolani Oseni Transactions on Nigerian Exchange Limited (NGX) equities market on Wednesday closed on a positive trajectory, to reverse the previous trading session loss on investors’ buy interest in Dangote Cement and 14 others. In summary, the All-Share Index (ASI) appreciated by 68.15 absolute points, representing a decline of 0.18 per cent to close […]
Following the surge in demand for cement products in the country, Dangote Cement Plc has restated commitment in meeting the demand gap in order to ensure the availability of Cement products in all nooks and crannies of Nigeria and beyond. Speaking yesterday in Lagos, Dangote Cement’s newly appointed Group Chief Sales and Marketing Director, Mr. […]
BY MOTOLANI OSENI Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter of 2021. According to the financial result published by the country’s largest cement manufacturer on Friday, April 30, 2021, the amount is due from corporate tax […]
Trading on the Nigerian Stock Exchange returned to bearish posture on Thursday with the market indices losing 0.12 per cent following profit-taking in Dangote Cement and Axa Mansard. Specifically, the All-Share Index dipped 48.57 points or 0.12 per cent to close at 41,099.15 from 41,147.72 recorded on Wednesday. Accordingly, month-to-date and year-to-date returns moderated to […]
In spite of the harsh operating environment, leading Cement manufacturer, Dangote Cement Plc has leveraged on its size and strength to post an impressive performance in the year 2019, with the shareholders approving a dividend payout of N16 per ordinary 50k share. READ ALSO: Wike: You are Nigeria’s problem, PDP replies APC Excited representatives of […]
The Nigerian Stock Exchange (NSE) on Monday listed Dangote Cement Plc N100 billion, 5 Years 12.50 per cent Fixed Rate Series 1 Senior Unsecured Bonds due 2025. The bond is under the N300 billion Debt Issuance Program of Cement manufacturing company that was 100 per cent subscribed. Despite current market headwinds due to the COVID-19 […]
FMDQ Securities Exchange Limited (FMDQ Exchange or the Exchange) has announced the approval of the quotation of the Dangote Cement Plc N34.00 billion Series 15 and N66 billion Series 16 Commercial Paper (CP) notes under its N150.00 billion Domestic CP Issuance Programme on the Exchange’s platform. This comes on the back of note-worthy debt issuances […]
The equities market of the Nigerian Stock Exchange (NSE) gained N48billion on Tuesday with the market capitalization gaining N48 billion over investors surge interest in Dangote Cement and 19 other shares. The market capitalisation which opened on Tuesday at N13.193 trillion increased by N48 billion or 0.36 per cent to close at N13.241 trillion. The […]
Dangote Cement Cameroon SA has handed over Personal Protection Equipment (PPE) kits worth 100 million CFA francs (about N64.50 million) to the country’s Ministry of Public Health to support healthcare workers on the frontline in the fight against COVID-19. The Republic of Cameroon has been waging a war against the coronavirus for several weeks and […]
As part of its strategic Corporate Social Responsibility towards maintaining security of lives and property, leading Cement manufacturer, Dangote Cement plc yesterday donated 25 operational cars, fully equipped with security features, to the Ogun Security Trust Fund (OSTF) READ MORE: ‘Living in Bondage’ sequel is coming to Netflix this May The donation was a fulfilment […]
The equities market of the Nigerian Stock Exchange ( NSE ) commenced May with N534billion increase over price gainers in Dangote Cement plc, among others shares. The market capitalisation appreciated to N12.531 trillion in first-week trading in May, 4.45 per cent increase over N11.997trillion in it closed in April. Consequently, the equities market All-Share Index […]
Dangote Cement Plc, Africa’s leading cement manufacturer, is seeking to raise up to N100 billion in fresh funds from the bond market, under its N300 billion Debt Issuance Programme. According to the Investor presentation document prepared by the company and themed: Building Prosperity in Africa, the funds from the debut offering in the bond markets […]
Six persons on Tuesday lost their lives when a Dangote Silo truck fell on a fully loaded commercial vehicle, with registration number SMK-312ES, conveying seven male passengers, at the Lekki-Epe Highway. One male adult simply identified as Lekan, was however, rescued alive by emergecy responders from the Lagos State Emergency Management Agency (LASEMA), and handed over to LASAMBUS […]
Dangote Cement Plc has notified the NSE of its contemplation at issuance of bonds under its N300billion shelf registration programme. The company in a statement signed by Deputy company secretary, Edward Imoedemhe, to the Nigerian Stock Exchange on Monday said, “Dangote Cement, Nigeria’s largest company by market capitalisation on the Nigerian Stock Exchange, and the largest […]
…pays N16 per share dividend Dangote Cement Plc investment across Africa is bearing the desired results as Pan-African sales volume grew in the year 2019, hitting 9.6Mt from 9.4Mt. According to the full-year report released on the floor of the Nigerian Stock Exchange, Dangote Cement Plant, Mtwara, Tanzania, recorded an increase of 94 per cent […]
Dangote Cement shareholders on Wednesday unanimously endorsed the company’s share buyback plans to be completed in 12 months. The shareholders gave the approval at the company’s Extra Ordinary General Meeting (EGM) held in Lagos. Share buyback, also known as a share repurchase, is when a company buys its own outstanding shares to reduce the number […]