The winners, from Lagos and Oyo States, received their cheques of N1 million each at presentation ceremonies witnessed by top management of Dangote Cement Plc as well as representatives of some regulatory agencies in Nigeria.
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Specifically, the market capitalisation rose by N177 billion or 1.40 per cent to close at N12.787 trillion compared with N12.610 trillion.
The building sector professionals, drawn from different parts of Nigeria, agreed that the promo, which is expected to produce 1,000 millionaires, is a welcome palliative in the period of COVID-19 scourge.
The Chief Executive Officer, Lagos State Lotteries Board, Abiola Bashir Are, who disclosed this at the media unveiling of Dangote Bag of Goodies Promo Season 2 in Lagos, commended the manufacturing giant for investing in the lives of its consumers.
They insisted that the 2019 consumer promo was credible, real and a life-changing experience, and expressed willingness to actively participate in the new Bog of Goodies 2020 Season 2 promo
President of Dangote Group, Aliko Dangote, has said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries, where the company has its operations.
Excited representatives of shareholders at the virtual 11th Annual General Meeting held in Lagos commended the management for the company’s resilience to record the profit despite the global economic challenges.
With this historic maiden voyage from its Export Terminal located in Apapa Port, Lagos over the weekend, Dangote has gradually made Nigeria, which until recently was one of the world’s largest bulk importers of cement, first self-sufficient in cement production and now an exporter of cement clinker to other countries.
Specifically, FMDQ announced the approval and admission of Dangote Cement’s N34 billion Series 15 and N66 billion Series 16 Commercial Paper notes on its platform.
According to the cement company’s unaudited first quarter report, gross profit rose by three per cent from N140.68 billion to N144.86 billion.
Activities on the Nigerian Stock Exchange remained upbeat on Thursday with the market capitalisation improving further by N110 billion following gains in Nestle and Dangote Cement.
Dangote Cement Plc on Thursday announced the successful issuance of its N100 billion Series 1 fixed rate senior unsecured bonds due April 2025.
The nation’s bourse extended its positive trend on Wednesday with a growth of 3.02 per cent, amid gains by Dangote Cement and Tier 1 banks.
Specifically, the market capitalisation, which opened for the week on Monday at N10.993 trillion, shed N222 billion or 2.02 per cent to close at N10.771 trillion
Dangote Cement Plc, Africa’s leading cement manufacturer, is seeking to raise up to N100 billion in fresh funds from the bond market, under its N300 billion Debt Issuance Programme.
Dangote Cement Plc has donated N100 million worth of cement to the Lagos State Government to support the ongoing reconstruction process at the Abule-Ado area of Amuwo-Odofin Local Government Area of the state, which was affected by a pipeline explosion last weekend.
The President of Dangote Group, Aliko Dangote, has reiterated his full support to the Federal government’s border closure policy.
In the latest ranking of the world’s billionaires by Forbes, the American global media company focusing on business, investment, technology, entrepreneurship and leadership, Dangote’s present worth is down from his estimate of $10.3 billion, a year ago, a development attributed to possibly a slightly lower stock price for his Dangote Cement flagship company
The Nigerian Stock Exchange opened the last trading week for 2019 on Monday with a growth of 0.73 per cent following investors’ interest in heavyweight stocks.
The Group Managing Director/CEO of Dangote Cement Plc, Engr. Joseph Makoju, will retire as GMD/CEO effective January 31, 2020, a position he has held since 2018, according to a report from the Nigerian Stock Exchange.