Dangote Cement completes N35bn tranche II share buy-back

Dangote Cement Plc (DCP), yesterday, announced the completion of the second tranche (Tranche II) of its share buy-back programme valued at N35.095 billion, which was announced on January 12, 2022. According to the statement signed by Edward Imoedemhe, Deputy Company Secretary, total number of shares repurchased was 126,748,153 worth N35.095 billion at an average price […]


GCR issues AAA+(NG), A1+(NG) to Dangote Cement

Dangote Cement Plc, Africa’s largest cement producer, has announced the publication of the upgraded credit ratings from Global Credit Ratings. Global Credit Ratings has upgraded the long term issuer rating of Dangote Cement to AAA (NG) and affirmed the short term issuer rating of A1+(NG), with outlook accorded as Stable. In addition, GCR has upgraded […]


Dangote Cement plans N300bn bond issuance

Dangote Cement Plc has obtained approval from its board of directors to access the capital market to support business growth and maximize available sources of its debt funding. According to a notice obtained from the Nigerian Stock Exchange, the company has submitted an application to the Securities and Exchange Commission (SEC) for the registration of […]


Dangote Cement to pay over N97bn in corporate tax for 2020

Africa’s largest cement producer, Dangote Cement Plc, has remained a major contributor to the economy with a tax charge of N97 billion for the financial year ended 31st December 2020, even as it proposed a dividend of N16 per share. According to the cement group’s audited results released on the floor of the Nigerian Stock […]


Global Credit Rating awards Dangote Cement AA+, A1+

Dangote Cement Plc has bagged AA+(NG) and A1+(NG) ratings from Global Credit Ratings(GCR). GCR, in its notice affirmed the long-term and short-term national scale issuer ratings of AA+ (NG) and A1+(NG) respectively, and assigned to Dangote Cement Plc, as well as with the outlook accorded as Stable. In addition, the cement firm’s N100bn Series 1 […]

Metro & Crime

Dangote Cement produces 265 millionaires, extends promo

Dangote Cement Plc has announced the extension of its ongoing Spell & Win “Bag of Goodies” Season 2 consumer promo by one month. This was as 265 millionaires have so far emerged in the promo nationwide. The Director of Marketing, Dangote Cement Plc, Mrs. Funmi Sanni, disclosed that the promo, which was billed to end […]

News Top Stories

Dangote Cement opens export facilities in Lagos, PH

The Management of Dangote Cement has opened two facilities in Lagos and Port Harcourt to boost its exportation of clinkers to neighbouring African countries. According to a statement from the company, exportations from these facilities would be attracting more foreign currency for the country. The company had, last week, exported 27,800 metric tonnes of clinker […]

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