Tag Archives: cement

The Chairman , BUA Cement Plc, Abdul Samad Rabiu, has announced a share bonus gift, from his pool of shares, for employees of the company worth almost N2billion in recognition of their effort to keep the company profitable despite the pandemic and predictions of a tough year. Despite the pandemic, BUA Cement remained one of the most profitable companies in ...

The Dangote Group has assured that its  cement products would not change despite the devaluation of the naira by the Central Bank of Nigeria (CBN). Recall that Dangote Cement has been making efforts to further increase the capacity of its cement production. The intimation was made by the Sales Marketing Director of Dangote Group, Rabiu Umar during a chat with ...

Shareholders of Dangote Cement Plc has lauded the management of the company for an good performance despite the economic challenges in the immediate past business year. The shareholders of the foremost company approved N272.6 billion as dividend,  which is  N16 per share for the year ended December 31, 2020. The 16 per cent  increase shows that  the company’s revenue led ...

Africa’s leading cement manufacturer, Dangote Cement has recommended a total dividend payout of N272.65 billion from the profits made in 2020. According to data from Nairalytics, the research arm of Nairametrics, the cement behemoth has now paid a total of about N1.14 trillion in dividends since 2016. Dangote Cement is majority-owned by Dangote Industries Limited (DIL) with about 85% ownership ...

Cement manufacturer, Dangote Cement Plc (DCP) recently declared in its audited financial statement for the financial year 2020, The development is a record high revenue of N1.03 trillion, making it the second Nigerian listed entity after MTN to surpass the N1 trillion mark. The cement behemoth’s revenue expanded by 16% year-on-year to N1.03 trillion, with about N720bn of the revenue ...

The Central Bank of Nigeria (CBN) Governor Godwin Emefiele added that the Federal Government is making efforts to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production. He also added that the first shipment of Urea from the Dangote Fertiliser Plant would begin in March to help boost agriculture in the country. Dangote made ...

Dangote Cement Plc has announced the completion of the first tranche of its share buy-back programme, as the cement behemoth bought back shares of the company worth N9.77 billion. This announcement was made by the management of the company, in a recent statement issued and signed by the Deputy Company Secretary, Mr Edward Imoedemhe, today, 11 January 2021. During the ...