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

Business Capital Market

[ICYMI] Onne Verde resigns as Dangote Cement CEO

Ihesiulo Grace 22 October 2017 0

…as company grows Q3 PAT by 44.6% Afolabi Adesola Onne Verde will step down from his position as the Chief Executive Officer (CEO) of Dangote Cement Plc. (DCP) by the end of the 2017 financial year. This was disclosed by the company’s board of directors in a regulatory filing with the Nigerian Stock Exchange on […]

News

Dangote Cement’s H1 results indicate 12.6% sales volume increase across Africa 

Ihesiulo Grace 31 July 2017 0

Africa’s largest cement producer, Dangote Cement, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. The financials released on the floor of the Nigerian Stock Exchange indicated that the increase in sales volume showed a growing capture of the Pan-African market […]

Business

Earning opportunities drive early market reversal

Ihesiulo Grace 10 March 2017 0

Expectations of earnings from first quarter dividend declaration on Thursday reversed declining market trend as more investors take positions in progressive companies. The NSE All Share-Index (ASI) thus closed higher at 25,170.36 points compared to 24,986.02 points posted in previous session when the ASI shed 0.57 percent, reducing yea- to-date losses to -6.29 per cent.

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NCS intercepts, seizes Dangote cement truck loaded with contrabands

Ihesiulo Grace 14 December 2016 0

The Nigeria Customs Service (NCS), Federal Operations Unit, FOU, Zone, A, has intercepted two Dangote cement trucks loaded with contrabands, including frozen poultry products, bags of rice and vegetable oil. Other items discovered by the NCS included,  four containers loaded with second hand clothing, all put at a duty paid value of three hundred and […]

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Dangote Cement Posts N74.7bn Profit in 2015 First Quarter

Ihesiulo Grace 15 May 2015 0

Nigeria’s largest cement producer, Dangote Cement has announced a gross profit of N74.7 billion for the three months ended 31st March 2015, indicating an increase of 10.5 percent over N67.63 billion recorded in the same period in 2014. According to the cement giant’s unaudited results for first quarter of 2015, revenues rose by 10.8 to […]

Business Top Stories

Dangote Cement Leads Nigerian Firms on Forbes 2000 Global List

Ihesiulo Grace 11 May 2015 0

Forbes’ annual compilation of 2,000 biggest and most powerful companies globally, this year was made up of companies from 61 countries and account for combined revenues of $39 trillion, profits of $3 trillion, with assets worth $162 trillion, and a market value of $48 trillion. Thanks to a bull market, the total market value of […]

Business

Dangote Cement's Shareholders to Benefit from New Projects

Ihesiulo Grace 29 April 2015 0

As shareholders of Dangote Cement meet today to approve the company’s 2014 financial results, indications have emerged that the investors will have a lot to be thankful for as a result of the massive expansion project being embarked upon by the company in 16 African countries, outside Nigeria. Returns from the African projects are expected […]

Business

Dangote Cement Consolidates Regional Dominance

Ihesiulo Grace 8 April 2015 0

The planned consolidation of the continental expansion drive of Leading Cement manufacturer in Nigeria, Dangote Cement, has been buoyed with the announcement of its $150 million Cameroon plant coming on stream. The commencement of production in the Camerounian commercial city of Douala came in the wake of the inauguration of another 1.5 million tonnes capacity […]