Dangote announces new appointments to drive strategic growth target
As part of strategic drive to strengthen the group’s Executive management team and sustain its strategic business growth trajectory, Africa’s foremost indigenous conglomerate, Dangote Industries Limited (DIL) has announced new appointments. In the new organizational rejig, Olakunle Alake the erstwhile…
Nigerian Stock Exchange upgrades Access Bank, UBA, Lafarge, Seplat to premium board
The Nigerian Stock Exchange (NSE) on Thursday made public plans migrate leading stocks including Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc to its Premium Board on Monday, April 16, 2018….
Dangote Cement’s 2017 results show encouraging consolidation, grow profit by 43%
Recently released 2017 operational performance of Dangote Cement Plc., has shown growth and consolidation on the 2016 progress as its revenue also grew by 31 per cent from N615.1bn in 2016 to N805.6bn while earnings per share rose to N11.65…
Dangote Cement increases scholarship slots for Ogun State host community, Ibeshe
Leading African cement merchant, Dangote Cement Plc, Ibese Plant, has announced a multi-million naira educational scholarship award for 115 students from its 15 host communities for the 2017/2018 academic session. In a statement, the company said the scholarship had become…
Analysts’ upbeat over Meristem’s brokered N27bn deal for Dangote Cement
Monday’s deal for Dangote Cement Plc, facilitated by Meristem Securities Limited has continued to elicit positive reactions from industry experts. The deal attracted deep pocket foreign investors who staked over N27bn on about 128.992 million units of the cement company’s…
Finally, Dangote withdraws interest in S’African cement group
After several wait for green light, Dangote Cement Plc, Africa’s largest cement producer, has signaled withdrawal of interest from its bid to acquire the share capital of PPC Limited-a South African leading cement firm. Late last month, Dangote Cement had…
Dangote writes Exchange, says planned takeover of S’Africa’s PPC still loading
In keeping with standard operations procedures, Dangote Cement Plc., has written authorities of the Nigerian Stock Exchange (NSE), saying acquisition discursion with PPC Limited of South Africa is in its preliminary stage. The letter seen by Business Hilights, said in…
Continental cement merchant, Dangote eyeing South Africa’s cement company
Leading industrialist and emerging continental cement conglomerate investor, Aliko Dangote, has been linked to a fresh move to buy into PPC Group Limited, by way of counteroffers to bid for South Africa’s largest cement company. A credible source in the…
Dangote Cement powers market stocks to N175bn green zone
Thursday stock trading at the Nigerian Stock market saw massive boost in capitalisation as it jumped to N175bn after a 4.74 per cent gain in Dangote Cement Plc to consolidate at the green zone. Whereas Guinness Nigeria Plc topped the…
Dangote’s $300m Cement plant in Congo, begins operations this month
Leading African quintessential indigenous investor, Aliko Dangote has put paid to his drive to end cement importation across the continent as all is set for commencement production at his $300 million cement grinding plant in Congo within days. Business Hilights…
