Shareholders of Dangote Cement Plc are surely in for a good deal as the company’s directors have recommended ₦10.75 dividend payout for the year ended on December 31 2017 as against ₦8.70 paid in 2016. In absolute terms, the figure translates to ₦178.9 billion as the company’s group revenue grew by 31 percent from ₦615.1 […]
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In order to fill the industrial skills gap in Nigeria, the Dangote Academy has now trained over 700 engineers and Technicians between 2011 and 2018, with most of them being employed by the company. According to Group Executive Director Capital Projects, Strategy and Portfolio of Dangote Group, Mr. DVG Edwin, the Dangote Academy was established […]
Read More Dangote Group has announced plans to establish vapoured milk plant as part of measures to boost the economy. The President / Chief Executive Officer of Dangote Group, Mr. Aliko Dangote, who disclosed this at Dangote Foods, 2018 Customer Celebration and Distributor Awards Night held, recently in Lagos, said when the plant is fully in operation, […]
Read More As part of efforts to raise its revenue profile the management and board of the Dangote Group Staff Multipurpose Cooperative Society Limited (DANCOOPS) has set machinery in motion to diversify into real estate, micro credit and loans, among other business ventures. Making this disclosure at the weekend was the President of the Society, Comrade Afolabi […]
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BUA International Limited has welcomed the decision of the Dangote Group to await the completion of the judicial process in the ongoing dispute by both parties over limestone mining sites. Dangote Cement Plc had written to the Nigerian Stock Exchange on Tuesday in respect of a report that a court awarded ₦2,697,125,000 against it for […]
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The Executive Chairman/CEO, BUA Group, Abdulsamad Rabiu has called on President Muhammadu Buhari to intervene and investigate acts of sabotage against BUA Cement operations by Dangote Group in connivance with top officials of the Ministry of Mines and Steel Development. This was contained in a letter dated December 4, 2017, signed by Abdulsamad Rabiu to […]
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Skye Bank Plc and six other companies have been commended and awarded platinum prize for committing huge resources in support of securing lives and property in Lagos State. The six other companies are: Zenith Bank Plc; First Bank Plc; United Bank for Africa; Access Bank Plc; Dangote Group and MTN Foundation. The seven organisations were […]
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Investors struck two cross deals for the transfer of about 94.7 million shares of Dangote Cement valued at ₦23.12 billion yesterday, in another transactions that highlighted the widening ownership structure of Africa’s largest cement producer. The transactions yesterday represented 0.56 per cent of the total issued outstanding shares of 17.04 billion ordinary shares of 50 […]
Read More In a new move designed to reduce price and ease logistics inherent in the purchase of its products, Dangote Cement Plc has signed a pact with foremost e-commerce platform, Jumia Nigeria, to sell its cement to customers online. At the unveiling of the deal in Lagos, Dangote Cement’s Key Account Director Chux Mogbolu said the […]
Read More The President, Dangote Group, Aliko Dangote, has said that his company’s Corporate Social Responsibility initiatives have commenced in Mfila, Congo Brazzaville, where it just opened a $300m, 1.5 million-metric-tonne capacity cement plant. The cement magnate declared that $1.2m had also been given as loan to aid the country in completion of a bridge. He was […]
Read More Dangote Cement says it has maintained its strong hold in the Nigerian domestic cement market, accounting for 65 per cent of the market volume, while other African plants, volumes went up by 7.5 per cent to 7.0 metric tonnes per annum. According to a statement by the company on Sunday, it has in the past […]
Read More As preparations hit top gear for the Edo State Investment Summit tagged Alaghodaro 2017, international industrialists including the Mahindra Group of India, Tolaram Group from Singapore and Dangote Group are set to showcase their over $1.5bn investment outlay in the state. The companies are billed to share their experiences, prospects and insights from investing in […]
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