Tag Archives: Dangote

Dangote Cement Plc secures SEC’s approval to file Annual Financial Statement

Dangote Cement Plc has announced that the Securities and Exchange Commission (SEC) has granted the company approval to file its Annual Audited Financial Statements on or before February 28, 2022, which is within sixty days of its year-end. SEC also granted approval for Dangote Cement not to file its Fourth Quarter Unaudited returns within thirty days of its ending period. ...

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Dangote’s wealth grows by $2.3 billion this year

Aliko Dangote, the richest man in Africa, is on track to close the year at the richest level he has ever been since 2014 buoyed by the second straight year of gains at his cement unit. The rising share price of his Dangote Cement Plc and higher oil and fertilizer prices helped boost the 64-year-old Nigerian businessman’s wealth by as ...

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Why Dangote can’t buy enough tomatoes despite massive wealth

Aliko Dangote, Africa’s richest man, is facing uncertainties in probably the most problematic of his several investments: a 1,200 tonne per day plant that processes tomato, now gasping for supply amidst pressure of overwhelming national demand. The tomato factory – the continent’s biggest – can only produce at one-fifth of its capacity, considering that farmers lack adequate resources for cultivation, ...

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Why NNPC is seeking equity participation in Dangote Refinery, others- Official

The Nigerian National Petroleum Corporation (NNPC) has explained that the government firm in engaging in equity participation in some private refineries. The corporation noted that the move is on  in line with a Federal Government’s policy directive which states the mandatory participation of the corporation in any private refinery that exceeds 50,000 barrels per day It was learnt that the  ...

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We won’t increase prices of cement despite devaluation of Naira by CBN- Dangote Cement

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 ...

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Dangote promises better returns as cement company declares N272.6 billion as dividend

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 ...

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Dangote Cement to give N272.65 billion to shareholders

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 ...

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Dangote Cement plc surpasses N1 trillion mark in revenue

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 ...

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Dangote’s net worth declines by $1.20 billion in February

Aliko Dangote, the founder of Africa’s most diversified manufacturing conglomerate, Dangote Industries, has seen his net worth decline by a whopping $1.20 billion in the month of February alone. Africa’s richest man whose wealth peaked at $18.4 billion this year, saw his wealth declined by $1.20 billion, to $16.6 billion from $17.8 billion recorded on the 31st of January 2021, ...

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Dangote Sugar Refinery Plc proposes N18.2 billion as dividend

Dangote Sugar Refinery Plc has proposed a sum of N18.2 billion as the final dividend for shareholders. The Board of Directors of Nigeria, the company proposed this sum as the final dividend for shareholders for the period ended 31st December 2020. Acccording to Nairametrics, the announcement was contained in the audited financial statement of the leading integrated sugar company. In ...

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