Dangote Cement sets up driver’s training institute to curb incessant accident among its fleets

As part of its measures to curb Road Traffic Crashes (RTC), the Dangote Cement Plc has launched a Drivers’ Training Centre located at the Dangote Cement Plant (DCP), Obajana, Kogi State. The new Centre is charged with the responsibility of attending to all training needs of the Dangote Cement Plc’s drivers. The new centre... Read More

Dangote Cement to pay N97 bln in tax, N16 per share dividends to shareholders for 2020 FY

Dangote Cement said it will contribute a total of N97 billion to government coffer through taxation from its operations at the end 2020 financial year, while it will payout N16 dividends per share to its shareholder. The cement firm, majorly owned by Africa’s richest man Aliko Dangote tax payment from its revenue represents an... Read More

Dangote Cement repurchases 0.24% of its shares at N9.77 bln

By Samuel Bankole   Nigeria’s Dangote Cement on Monday said it has completed the first tranche of its share buy-back programme which resulted in the repurchased of N9.77 billion worth of the company’s shares. In a regulatory filing on Monday, the cement firm majorly owned Africa’s richest man, Aliko Dangote said the exercise resulted... Read More

Nigeria’s Dangote Cement drives local bourse to new height on share repurchase deal

By Samuel Bankole   Investors buying interest in the continent’s biggest cement firm, Dangote Cement drove the local equity market to a new high on Tuesday on the back of the company’s decision to launch a share buy back exercise toward the end of the year. Share in Dangote Cement, which accounts for a... Read More

Nigeria’s Dangote Cement to start share buy back on Dec 30

By Samuel Bankole Dangote Cement, which accounts for the fifth of the Nigerian Stock Exchange (NSE) market capitalistaion has announced its plans to commence a buyback of the company’s shares on December 30 to boost shareholder value. The company, majorly owned by Africa’s richest man, Aliko Dangote will buy back as much as 10... Read More

Nigeria’s Dangote Cement grows production capacity by 8.22% in 3-year

Nigeria’s Dangote Cement, the biggest Cement clinker producer in the continent said it grew its production capacity by 8.22 percent to 23.7 metric tonnes in 2019 from 21.9 metric tonnes in 2017. The cement company, majorly owned by Africa’s richest man Aliko Dangote in its sustainability report for 2019 said the company Maintained strong... Read More

Nigeria grants Dangote Cement waiver to export products across land borders

Nigeria has granted Dangote Cement Plc, majorly owned by Africa’s richest man, Aliko Dangote to export its products through the land borders to neighbouring countries. Nigeria had in August 2019 closed its land borders with its West African countries neighbours over increase smuggling activities across the borders, stalling export trade through land board across... Read More

Nigeria’s equity market rallies 3.9% with gains in Dangote Cement, Fidelity

By Samuel Bankole Nigeria’s equity market closed on a positive note on Monday with the All-Share Index (ASI) up almost four percent, driven by gains in cement and banking sector stocks. The market main index rose 3.96 percent to close at 32,243.05 points compared with 31,016.17 points it closed on Friday. Also, the market... Read More

Dangote Cement grows revenue by 12% to N761 bln in 9-month

By Samuel Bankole Dangote Cement, Africa’s biggest building material firm posted N761.44 billion in revenue in the first nine months of the year, 12 percent higher than the preceding year earnings. The cement company majorly owned by Africa’s richest man, Aliko Dangote recorded N679.79 billion in total earnings in the same period of last... Read More

Nigeria’s Dangote Cement focuses on exports, delay London listing

Dangote Cement Plc, majorly owned by Africa’s richest man Aliko Dangote said it has suspended its initial plans to list the cement firm shares on the London Stock Exchange till around 2023, head of investor relations said. Temilade Aduroja said in an email to Bloomberg that the company has opted to focus on increasing... Read More