Tag Archives: Dangote Cement

The management of Sinoria FABCOM, a subsidiary of one of China’s leading business conglomerates, Sinoma, says the company is in Nigeria to help solve the country’s housing problem with its products. Sinoma FABCOM, is a leading manufacturer of stone-coated roofing tiles and fiber cement board. The company is the only one of its kind in the whole of West Africa ...

There are indications that the cement sector of the Nigerian economy is on recovery part despite threats posed by sluggish growth of the macro-economy, steep naira devaluation, militancy in the Niger Delta region and weak infrastructure spending by private and public sectors. The sector was drastically affected by the underwhelming performance of the economy mainly because the demand for cement ...

Cement trucks, operated by Dangote Cement Plc, deliver supplies to the construction site for the Eko Atlantic city project, developed by Eko Atlantic, near Victoria Island in Lagos, Nigeria. As part of efforts to end cases of building collapse in the country, Dangote Cement has come out with Dangote BlocMaster Cement. According to the group managing director, Joe Makoju, the ...

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 ...

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 ...

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 ...

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. ...

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 ...

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 ...

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 ...