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Tag: Dangote Cement Plc

Dangote cement hits historic N10trn market capitalization
Business

Dangote cement hits historic N10trn market capitalization

Dangote Cement’s market capitalization surpassed N10 trillion at the conclusion of trade on Monday, making it the first business to reach that milestone on the Nigerian Exchange. According to The PUNCH, it closed trading with a market capitalization of N10.098tn. In eight months of Tinubu’s administration, Nigeria’s stock market has led the world. Dangote Cement […]

FG, cement producers agree N7000, N8000 cement price
Business

Cement industry contributes 7% global emissions – Dangote

The Group Managing Director of Dangote Cement Plc, Arvind Pathak, has stated that the cement industry accounts for 7% of worldwide carbon emissions. According to The Punch, he made this statement recently during the 12th Africa Cement Trade Summit in Abidjan, Côte d’Ivoire. “The cement industry generates seven percent of the world’s CO2 emissions as the cement […]

Dangote cement hits historic N10trn market capitalization
Business

Dangote Cement to raise additional N50bn

Dangote Cement has issued Commercial Papers in Series 10 and 11 as part of its N300 billion Issuance Program. According to The Punch, stockbroking companies have reported that the N50 billion series commenced on Monday and would end on Tuesday. In August 2021, Dangote Cement launched a N150 billion commercial paper issuance program through the […]

Dangote cement hits historic N10trn market capitalization
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Dangote justifies cement price amidst criticism

Dangote Cement Plc has stated that its cement pricing is comparable to or cheaper than those seen along the West African coast. The Punch reported that the company stated that, contrary to widespread media allegations, the price of a bag of cement from its Nigerian facilities had not increased. The company had faced widespread criticism […]

Dangote Cement to establish block-making academy
News

Dangote Cement to establish block-making academy

Amidst the troubling surge in building collapses across Nigeria, Africa’s largest cement manufacturer, Dangote Cement, is making a significant move to tackle the issue head-on. According to a report by NAN, the company is planning to set up a block-making academy to train artisans in producing bricks that meet quality standards. The National Sales Director […]

Dangote refinery urges NUPENG, PTD to resolve conflict
Business

Dangote cement completes tranche I share buy-back program

Dangote Cement Plc has announced the conclusion of the first tranche of the share buy-back program, which lasted two days, from July 17th to 18th, 2023. The total number of shares repurchased, which represented 0.71% of the Company’s issued and fully paid ordinary shares, was 121,404,714 according to the company’s report, which was signed by […]

Dangote Cement plans third share buyback in two years
Business

Dangote Cement plans third share buyback in two years

The Securities and Exchange Commission has approved the move for the start of Dangote Cement Plc’s third share repurchase transaction in less than three years, the company said on Wednesday. This confirms the company’s resolve to achieve its goal of repurchasing up to 10% of its common shares after receiving permission from the capital market […]

News

No plan to increase price – Dangote Cement

Dangote Cement Plc, has denied any form of price increase in its products.   The company made this clarification after a recent report circulating round that the price of the Dangote cement would be reviewed upward, Leadership reported.   The senior general manager, branding and communication, Dangote Industries Limited, Sunday Esan, said Dangote Cement is […]

Business

Dangote, BUA shares gain N400bn in three days

Dangote Cement Plc and BUA Cement Plc’s shares gained N400 billion in the first three days of November 2022 amidst the current stock market sell-off due to the build-up to the 2023 general elections and interest rate hikes. The leading cement manufacturer listed on the NGX’s industrial goods sub-sector, Dangote Cement Plc, led the way […]

Kogi sues Dangote over Obajana ownership
News

Kogi sues Dangote over Obajana ownership

The Kogi State State Government has taken legal action against Dangote Industries Limited, the parent company of Dangote Cement Plc, regarding the ownership of the Obajana cement plant, a town in the Oworo region of the Lokoja Local Government Area. According to The PUNCH, the complaint was filed in the Kogi State High Court, Lokoja […]

Kogi sues Dangote over Obajana ownership
Business News

Obajana: FG reopens plant, Kogi, Dangote continue talks

The Federal Government has reopened the Dangote Cement Plant located in Obajana, Kogi State after it was shut down by the state government. The plant was closed over issues bordering on the legality of the company’s acquisition of the defunct Obajana Cement Company. According to The PUNCH, the plant was reopened after an order by […]