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.
Browsing: Dangote Cement Plc
Speaking to the media Monday in Lagos, Dangote Cement’s newly appointed Group Chief Sales and Marketing Director, Rabiu Umar said that the country has moved from importing cement to become an exporter of cement.
Dangote Cement Senegal currently holds a capacity of 1.5 million tonnes per year, producing higher quality cement to meet the country’s demand as well exporting to neighbouring countries around Senegal.
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.
According to the cement group’s audited results released on the floor of the Nigerian Stock Exchange, the tax charge represents an increase of 95 per cent over the sum of N50 billion recorded in 2019.
J.V. Gungune, Director, Dangote Cement Plant Obajana, who disclosed this at the presentation of a cheque to Apata community cooperative society on Wednesday, said there was the need to empower the cooperative societies to strengthen the scheme.
The company made the disclosure in a statement on Monday by Anthony Chiejina, Group Head, Corporate Communications, Dangote Industries Limited.
The company made this known in a statement signed by Anthony Chiejina, Group Head, Corporate Communications, Dangote Industries Limited, on Sunday.
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.
Dangote said this on Monday in Lagos during the presentation of gifts to winners in the ongoing Dangote Bag of Goodies National Consumer Promo.
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.
The promo, which runs between July and September where prizes worth billions of Naira would be won, was formally unveiled to the media at a news briefing in Lagos.
Anthony Chiejina, Group Head, Corporate Communications, Dangote Industry, made this known during the promo launch in Lagos.
The new cement product launched by Dangote Cement Plc is expected to address the challenges associated with building construction in swampy areas.
Builders and other stakeholders have lauded the BlocMaster Cement, which was formally launched by Dangote Cement Plc on Tuesday in Kano, Kano State.
The President of Dangote Group, Aliko Dangote, who made the pledge, profusely thanked the loyal cement distributors for their faith in the company and also assured them of consistent reward as a form of motivation for their patronage and loyalty to the brand
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
Dangote spoke just as the flagship of the conglomerate, the Dangote Cement Plc, commenced the training of its newly engaged managers in order to sustain its leadership and competitiveness in the industry.