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Tag Archives: Dangote Cement

Dangote Cement sets aside N5 billion for marketing activities

Dangote Cement

Dangote Cement Plc has announced N5 billion budget to support the product marketing activities in 2017. The Guardian reports that the Chairman of the company, Alhaji Aliko Dangote disclosed this at an event to reward distributors nationwide in Lagos. He stressed that the budget was necessary because the business needs a lot of rejigging and innovation in order to meet ...

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Dangote Cement Posts 13.67% Profit, Declares N8 Dividend

Dangote Cement posts 13.67% profit, declares N8 dividend

Dangote Cement Plc has declared a Profit After Tax of N181.3 billion for the financial year ended Dec. 31, 2015. This is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) last week in Lagos. The News Agency of Nigeria (NAN) reports that this was against the N151.5 billion posted in 2014. The profit represented a ...

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Dangote Cement wins 2015 African Business of the Year

Dangote Cement wins 2015 African Business of the Year

Dangote Cement and Guaranty Trust Bank were among Nigerian businesses recognised at the 2015 African Business Awards held Wednesday at the Four Seasons Hotel in New York, on the sidelines of the UN General Assembly. The Awards, organised by African Business magazine, also honoured top business leaders, including Daphne Mashile Nkosi, Strive Masiyiwa, Helen Hai and Mohammed Dewji. Also commended ...

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Dangote Slashes Cement Price

Dangote Cement wins 2015 African Business of the Year

Africa’s largest producer of the building material, Dangote Cement, has cut prices of cement in its home market, Nigeria. CEO of Dangote Cement, Onne van der Weijde, said in Lagos that the price cuts to its 3X cement brand by N6,000 ($30.23) per metric tonne, translating to N300 reduction per 50kg bag, and allows Dangote to still achieve strong returns. ...

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Dangote Cement posts N121.8bn six-months profit

DAngote cement profit

Dangote Cement Plc has posted a half-year profit after tax of N121.808 for the six-month period ended June 30, 2015, the firm’s consolidated statement of profit or loss and other comprehensive revenue for the period revealed. The amount was 21.65 per cent higher than the N95.440bn profit after tax the cement company announced for the same period of 2014. The ...

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Dangote commissions $400m cement, coal plants in Zambia

Dangote cement plant in Zambia – Vice President Yemi Osinbajo, who was in Zambia on a one-day official visit, commissioned a 1.5 million tonnes Dangote Cement Plant and 30 megawatts (mw) coal-fired power plant in Ndola yesterday. Dangote Group, yesterday, strengthened the bilateral trade between Nigeria and Zambia with the official opening of the Group’s $400 million cement plant, with ...

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Dangote’s Ethiopian Cement plant set for commissioning

Prime Minister of the Federal Democratic Republic of Ethiopia, Mr. Haile Mariam Desalegne, is expected to perform the opening ceremony at an event that will be graced by top members of the Nigeria business community. A statement from the Dangote Group indicated that the government and the people of Ethiopia are excited about the timely completion of the project and ...

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The battle between Dangote Cement and Lafarge

Undoubtedly, the most talked about issue in the built environment in 2014 is cement, with much made of its contribution to building collapse, pricing and the uneasy relationship among the big players in the industry. The ‘war’ has taken many dimensions, with price being used as one of the weapons most commonly deployed. The biggest player in the industry, Dangote ...

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Buyers in outrage as Dangote Cement sells for N1,745

Dangote Cement Price

Distributors and developers have accused the management of Dangote Cement Plc of silently increasing the price of its product to N1,745 per a 50kg bag instead of the N1,000 that it announced early last month. Although the firm did not formally announce any increase in price, our correspondent gathered that it sent out text messages to its distributors on Monday, ...

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Dangote’s 42.5 Cement Grade Gets Endorsement

Cement dealers and distributors in the South-west have endorsed the newly packaged Dangote cement’s 42.5 grade (3X) and expressed optimism that the entry of the product into the market would help sanitise the building and construction industry.   Phoning in from different states in the region during a live Yoruba programme, Owuro lojo, on Radio Nigeria’s Gold FM in Ilesha, ...

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