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Browsing: Dangote Cement
Bayero visited Dangote pavilion at the ongoing Kano International Trade Fair and was visibly elated by the company’s profile.
The former lawmaker who stated this in a statement made available to news men in Abuja on Tuesday noted that though the contract for phases 1 and 2 of the roads had earlier been awarded to CGC in year 2014 and 2016 respectively, not much work was achieved on the road construction owing to lack of adequate funding through the annual budgeting process and lack of capacity on the part of the contractor to execute the job.
The companies participating in the fair are Dangote Cement, Dangote Sugar, NASCON, Dangote Oil Refinery and Dangote Fertiliser.
The foremost indigenous cement manufacturer came first among top 100 elite companies listed on the Nigeria Exchange (NGX) posting into the coffer of the federal government a princely sum of N97.24billion in the year, while MTN Communication Nigeria Plc paid N93.6billion and Guaranty Trust Bank came third with an income tax of N36.66billion.
According to the company’s unaudited results for the period under review, Nigerian operations accounted for a sales volume of 9.87 Mt, while pan African operations contributed the balance of 5.5Mt.
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With an investment of $150 million, the company took delivery of trucks, trailers, bulk tankers, tippers, cargo trucks and bulk cement tankers. These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment of over 4,000 people in Nigeria.
The award was announced by Brand Africa, founders of the Brand Africa 100: Africa’s Best Brands, during a virtual event in Uganda.
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.
According to the financial result published by the country’s largest cement manufacturer on Friday, April 30, 2021, the amount is due from corporate tax for the period ended March 31, 2021.
Senate’s decision was sequel to the motion sponsored by Senator Oyelola Ashiru which was co-sponsored by five others.
A market survey conducted by NAN at various wholesale and retail shops in the zone shows that the price of the product has increased almost by double when compared to the price in 2020.
Specifically, the All-Share Index rose by 318.29 points or 0.78 per cent to close at 41,014.30 compared with 40,696.01 posted on Wednesday.
The statement made available to the News Agency of Nigeria in Lagos also announced sales totaling 19.21 million tonnes for the period which ended on September 30, 2020 as against 18.02 million in 2019, showing a 6.6 per cent increase for the period.
While the new millionaire consumers of Dangote Cement product jubilate over their good fortune and windfall, there are still better days ahead for other Nigerians as around 800 more consumers are expected to win the star prize of N1 million each before the promo ends in November.
The promo, which kicked off in July and is expected to produce 1,000 millionaires, according to the Director of Marketing, Dangote Cement, Funmi Sanni, is already achieving its set objectives.
The N1 million winners, mostly artisans and building material dealers, whose businesses have suffered the downside in the wake of the pandemic, were full of praises to Alhaji Aliko Dangote, saying the money would go a long way in resuscitating their businesses.
The company’s Director of Marketing, Funmi Sanni, explained that the promo was deliberately designed to cushion the negative effects and impact of COVID-19 on businesses and families and that more winners are expected to emerge in the coming weeks.
The event, held at the Enugu Assembly plant, started with a training by SHACMAN Nigeria where drivers, supervisors and managers of the distributor companies were in attendance.