Dangote Cement Archives — City Business News

January 23, 2024 No Responses

Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest

Foremost cement manufacturing firm, Dangote Cement Plc hit a milestone as a N10 trillion company on Monday at the Nigerian Exchange, the first company to attain such a valuation. Meanwhile, Business Man, Mr. Femi Otedola also on Monday confirmed investing some...

July 14, 2023 No Responses

Dangote Cement To Roll Out New Plants In Nigeria, Cote d’Ivoire, Ghana

Dangote Cement has concluded plans to expand its production capacity through the construction of a new 6Mt integrated cement plant in Itori, Ogun State. According to the Group Managing Director, of Dangote Cement, Mr. Arvind Pathak, the new plant o...

April 14, 2023 No Responses

Dangote Cement Pledges Higher Returns To Shareholders

Chairman of Dangote Cement Plc, Aliko Dangote has guaranteed shareholders and other stakeholders of the company’s management’s resolve to keep the company profitable by leveraging on strategic innovations for the continuous growth of their investments. Spe...

March 9, 2023 No Responses

Dangote Cement Secures SEC Approval For New Share Buy-Back

Dangote Cement has received approval of the Securities and Exchange Commission (SEC) for the establishment of a new share buy-back programme. The company said in a Corporate Disclosure to the Nigerian Exchange Ltd. (NGX) on Wednesday that the programme w...

December 20, 2022 No Responses

Dangote Cement Rolls Out CSR Projects In Host Communities

Dangote Cement Plc, Ibese Plant, has launched a multi-million naira project for its 17 host communities as part of its Corporate Social Responsibility (CSR) initiative. A statement issued by the Group Chief Branding and Communication, Dangote Industries ...

December 14, 2022 No Responses

Dangote Cement Shareholders Approve 10 % Share Buy-Back Scheme

Shareholders of Dangote Cement, unanimously on Tuesday authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution. The company had earlier indicated an.....

October 7, 2022 No Responses

Kogi Moves To Recover Obajana Cement From Dangote

The Kogi Government on Thursday moved to recover Obajana Cement Plant from Dangote Company LimitedThe government’s resolution is contained in the report of the Specialised Technical Committee on the Evaluation of the Legality of the Alleged Acquisition of Ob...

May 17, 2022 No Responses

Dangote Cement Declares N413.2b Revenue, ₦105.9b Profit In Q1

For the first quarter (Q1) of 2022 ended March 31, 2022, Dangote Cement Plc recorded unaudited 24.2 percent increase in revenue and an 18 percent increase in profit after tax, amounting to N413.2 billion revenue and profit after tax of₦105.9 billion...

May 5, 2022 No Responses

Dangote Cement Ramps Up Production At Okpella Plant, Attains N105.9 b Profit In Q1

Dangote Cement Plc, has ramped up production at its newest plant, in Okpella, Edo State as its earnings per share rose by 16.8 per cent to N6.18 for the first quarter ended March 31, 2022. Chief Executive Officer, Dangote Cement,...

May 4, 2022 No Responses

Dangote Cement Completes N116b Bonds

‘ Dangote Cement has completed its N116 billion series 2 bond issuance which is the largest corporate bond issuance in the Nigerian capital market. In a statement published on the Nigerian Exchange Ltd Website on Wednesday, the company expla...

January 25, 2022 No Responses

Dangote Cement Secures Waiver, To File 2021 Audited Result Feb 28

Dangote Cement Plc (DCP) has obtained a waiver from the Securities and Exchange Commission (SEC) to file its audited result on or before Feb. 28. This is contained in a statement signed by the Deputy Company Secretary, Mr Edward Imoedemhe,...

August 2, 2021 No Responses

Dangote Cement Declares N191.6b Profit In Six Months

The Dangote Cement, has posted a Profit After Tax (PAT) of N191.6 billion, after a tax charge of N89.6 billion in its unaudited results for the half-year ending on June 30. In a statement on Sunday, the Group Managing Director, Mr...

July 23, 2021 No Responses

Dangote Cement’s $1b Plant In Edo Set To Commence Operations

Dangote Cement’s $1bn 6 million Metric Tonnes Per Annum (MTPA) facility has been completed and is set for commissioning. The plant, which sits on a 1000-hectare land, is billed to boost cement production in the state, in alignment with Governor...

July 12, 2021 No Responses

Dangote Cement Acquires 2,000 Trucks, To Commission Edo Plant

By Moses Ebosele, ebosele@hotmail.com — The management of Dangote Cement Plc has rolled out over 2,000 trucks for distribution services as part of measures to address challenges related to the ease of distribution and availability of cement across the c...