Business Economy

Equities market begins trading low as indices down 0.74%

Ihesiulo Grace 17 September 2019 0

Temitope Adebayo The Nigerian equities market of the Nigerian Stock Exchange (NSE) resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities. Specifically, the All Share Index (ASI) shed 204.68 points or 0.74 per cent to close at

Business News

Lottery Commission lauds Dangote Cement Bag of Goodies promo

Ihesiulo Grace 4 September 2019 0

…As 31 win car, fridges, TV sets, Tricycle in Abeokuta Ladesope Ladelokun National Lottery Regulatory Commission (NLRC) whose coordinator witnessed the presentation of prizes for 31 lucky customers in Abeokuta and Ogun State in the ongoing Dangote Cement Bag of Goodies promotion, has commended the transparent process of rewarding the winners, describing the promo as […]

Business Capital Market Capital Market News

Equities market lose N89bn over profit-taking

Ihesiulo Grace 30 August 2019 0

Temitope Adebayo The Nigerian Stock Exchange equities market segment on Thursday reverted the gains in the previous trading session, following the All-Share Index (ASI) declined by 0.66 per cent on losses in Dangote Cement, MTN Nigeria, 12 other stocks. The All Share Index fell by 181.45 basis points or 0.66 per cent to 27,425.57 basis […]

Business

Dangote Cement increases African sales by 2.7% to 4.7m tonnes

Ihesiulo Grace 26 August 2019 0

Motolani Oseni The Management of Dangote Cement has revealed that its Pan African sales increased by 2.7 per cent to nearly 4.7 million tons for the six months ended on June 30th 2019. To the delight of its investors, the company also revealed that its Tanzania Plants now runs on gas turbines, just as sales […]

Business Capital Market Capital Market

NSE –ASI drops by 0.11% over investors sustained sell-offs

Ihesiulo Grace 16 August 2019 0

Motolani Oseni The equities market closed on Thursday trading session on a negative note, as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) slumped by 0.11 per cent on persistent sell-offs. The NSE-ASI fell by 30.18 basis points or 0.11 per cent to 27,052.93 basis points from 27,083.11basis points Accordingly, investors lost N15 billion in value […]

Business

Dangote Cement bags of Goodies: Laborer wins first saloon car promo in Lagos

Ihesiulo Grace 30 July 2019 0

Temitope Adebayo A laborer at a block moulding site in the Lagos Island on Monday emerged the first saloon car star prize winner in Lagos State in the on-going multi-billion Naira, Dangote Cement National Consumer Promotion tagged, “Bag of Goodies”, just as several other winners had their winning scratch cards redeemed. The winner, Mujahid Shiabu, […]

Business

First grand prize winner emerges in Dangote Cement promo

Ihesiulo Grace 17 July 2019 0

Motolani Oseni An Abraka, Delta State based cement retailer, Benjamin Igherighe has emerged as the first grand prize winner in the ongoing Dangote bag of goodies promo, winning a brand new saloon car. The car was presented to him at a grand ceremony held in Warri, Delta State. Group Managing Director, Dangote Cement plc, Engr. […]

Business

NSE: Bearish trend persists as ASI down by 0.74%

Ihesiulo Grace 30 April 2019

Motolani Oseni At the close of yesterday trading activities on Nigerian equities market of the Nigerian Stocks Exchange (NSE), trading remains on a bearish trend with the All-Share Index (ASI) shed 219.35 points or 0.74 per cent to close at 29,521.06 compared to 29,740.41 recorded on Friday. Also, the market capitalisation lost N82 billion to […]

Business

Dangote restates commitment to Nigeria’s economic development through continuous, investments, others

Ihesiulo Grace 6 March 2019 0

…As Dangote Cement targets $600m annual exports to African countries President of Dangote Industries Limited, Aliko Dangote, has restated his Group’s commitment to Nigeria’s economic development through continuous innovation, value creation and investments. This is just as he disclosed that Dangote Cement’s exports to other countries are targeted to rise to $600m

Business

BlocMaster is affordable, best value for money, says Dangote

Ihesiulo Grace 12 November 2018 0

Management of Dangote Cement, over the weekend, assured block- moulders and other stakeholders in the building construction business of the durability and the extra power its new product: “BlocMaster” possessed. The new product is described as the best quality cement in the country for now. The company also said the new product is available everywhere […]

Headlines News

Dangote Cement raises quality bar, unveils BlocMaster

Ihesiulo Grace 17 October 2018 0

A new premium high strength cement from the staple of the largest cement Company in Africa, Dangote cement Plc has been formally unveiled in Lagos to the delight of block makers, distributors and other stakeholders. The new Portland limestone cement “BlocMaster” launch amidst fanfare yesterday according to the Group Managing Director of Dangote Cement Plc, […]

Headlines News

Dangote Cement to reward customers with refinery distributorship license

Ihesiulo Grace 9 July 2018 0

For their continued loyalty, the management of Dangote Cement Plc, has announced cash and kind rewards as well as a priority distributorship license as soon as Dangote’s refinery project come on steam next year. President of Dangote Group, Aliko Dangote, who made the pledge, at the weekend profusely thanked the loyal cement distributors for their […]

News Nigeria

Dangote Cement disburses scholarship funds to Benue communities

Ihesiulo Grace 5 July 2018 0

The Management of Dangote Cement Plant in Gboko, Benue State has disbursed scholarship funds to host communities in the state. This was contained in a statement made available to The Daily Times on Wednesday. The management added that Gboko Cement Plant Director, Rama Srinivasan, who represented Dangote Group’s President, Aliko Dangote, presented the symbolic cheque […]

Business Headlines

Makoju: Dangote Cement expansion drive in Africa strategic

Ihesiulo Grace 2 July 2018 0

….Gets new SON certification The Group of Managing Director of Dangote Cement Plc, Engr. Joseph Makoju, has said that the investments of the foremost cement company and its expansion drive across African countries were very strategic to boosting the continents economy and make its products the most preferred by consumers. Makoju stated this at the […]

Business Headlines

Dangote Cement delights shareholders with N179bn dividend

Ihesiulo Grace 21 June 2018 0

…Pays N10.50 per 50k share Shareholders of Dangote Cement on Wednesday at the company’s 9th Annual General Meeting (AGM) in Lagos were full of praise for the Board, Management and staff of the company after approving the dividend payout of N10.50 per 50k share, representing 90 per cent of net profit and an increase of […]

Business

Dangote Cement records 16.3% net profit growth in 2018 first quarter

Ihesiulo Grace 25 April 2018 0

Dangote Cement has published its Q1-18 result, showing revenue and net profit grew by 16.3 percent and 29.1 percent respectively when compared with figures of Q1 2017. Net finance income stood at N4.6 billion, as against N5.9 billion in Q1-17 and N3.8 billion in Q4-17. The net finance income is the group’s first since Q2-16, […]

Business

Dangote Cement to issue $833m bonds for expansion

Ihesiulo Grace 21 March 2018 0

Dangote Cement Plc. has unveiled plans to raise N300 billion ($833m) in bonds to fund expansion of its operations across the continent. Brian Egan, its chief financial officer (CFO), disclosed this during an investor conference call, according to Bloomberg reports The debt instrument would be issued in tranches of N50 billion at a time whenever […]

Business News

Dangote Partners with Jumia to sell Cement online

Ihesiulo Grace 5 December 2017 0

In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc (http://APO.af/mCqnZz) has signed a pact with the foremost e-commerce platform Jumia Nigeria (www.Jumia.com.ng) to offer for sale its cement to customers online. At the unveiling of the deal in Lagos, Dangote […]

Business

Dangote opens new cement plant in Congo on Thursday

Ihesiulo Grace 21 November 2017 0

Dangote Cement will officially open its 1.5million metric tonnes per annum capacity Cement Plant in Congo on Thursday. Constructed at a conservative cost of $500 million, the plant is expected to directly employ more than 1000 people as thousands of indirect jobs will also be created. The plant which is now the largest in Congo […]

Business

Dangote Cement accounts for 65% of market share

Ihesiulo Grace 23 October 2017 0

Leading pan African cement manufacturer, the Dangote Cement has maintained its strong hold in the Nigeria domestic cement market accounting for 65 percent of the Nigerian market volume, while other African plants’ volumes went up by 7.5 percent to 7.0 mta. The Cement company has in the past months expanded its operations across Africa with […]