Browsing: Dangote Cement Plc

Unanimously, the shareholders approved N272.6 billion as dividend, translating to N16 per share for the year ended December 31, 2020. The 16 per cent increase in the company’s revenue led to a 36 per cent increase in its earnings per share of N16.14 as against N11.29 in 2019.

Dangote’s Group Executive Director, Strategy, Portfolio Development & Capital Projects, Devakumar Edwin revealed that, while a bag of cement sells for an equivalent of $5.1, including VAT in Nigeria, it sells for $7.2 in Ghana and $5.95 in Zambia ex-factory, inclusive of all taxes. He said that though the company has direct control over its ex-factory prices, it cannot control the ultimate price of cement when it gets to the market. He advised that it is important to distinguish Dangote’s ex-factory prices from prices at which retailers sell cement in the market.

In a statement issued in Lokoja on Tuesday by the Group Head of Communication, Tony Chiejine, the company said the drivers were retrained for six months at its newly built Drivers Training Centre at Obajana, Kogi State, and that the trainees graduated from the centre on April 3.

Dangote Cement Plc and the Lagos State Government have strengthened further their private-public partnership to make the State more investor friendly with the donation of 35 fully equipped security operational cars by the Company to the State Government.

As part of its strategic Corporate Social Responsibility towards maintaining security of lives and property, leading Cement manufacturer, Dangote Cement Plc, on Sunday donated 25 operational cars, fully equipped with security features, to the Ogun State Security Trust Fund.

Nigeria’s leading cement manufacturer, Dangote Cement Plc has said that the rate at which consumers are winning valuable prizes in its on-going national consumer promotion tagged ‘bag of goodies’ is not a gimmick but a means of giving back to the loyal consumers of its cement products.

Africa’s largest Cement company, Dangote Cement Plc, signed a Memorandum of Understanding for its N150 billion Commercial Paper for Capital Expenditure Working Capital and General Corporate Purpose at the Dangote Group Head Office in Lagos on Tuesday