Dangote Cement Plc, Obajana Plant, has carried out a series of community service and public awareness programs as part of…
Browsing: Dangote Cement
In a significant move to support Small and Medium Scale Enterprises (SMEs) in Nigeria, Dangote Cement Plc’s Obajana Plant has handed over a 33 KV public electricity power line and transformer to Jakura Marble Industry Ltd (JMIL) in Kogi State. The initiative aims to reduce operational costs and enhance JMIL’s productivity, further empowering the local economy.
Arvind Pathak, remarked, “We effectively navigated macroeconomic headwinds to deliver positive results in the first half of the year. Group volumes were up 3.8%, with our Nigeria operations achieving double-digit volume growth of 10.9%.
The House of Representatives Committee investigating the arbitrary increase in cement prices has threatened to arrest the management of Dangote Cement if it failed to appear at its next hearing.
The award, held in Lagos, recognised the top 30 most capitalised companies listed on the Nigerian Exchange Ltd. (NGX) for the 2022 financial reporting year.
“During the quarter, we intensified our emphasis on exports, dispatching 7 ships from Nigeria to Ghana and Cameroon. As a result, our Nigerian exports surged by 87.2%, reflecting our commitment to expanding our presence in regional markets and capitalising on our export-to-import strategy.
President Bola Tinubu has ordered Dangote, BUA, Larfarge, other cement companies to revert to the old price as it was in the country.
However, at the three-hours meeting also attended by the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, with representatives of Dangote Cement Plc, BUA Cement Plc and Lafarge Africa Plc in Abuja on Monday, the cement producers said their operating costs was responsible for the hike in the prices of the product.
Security agencies have inveoted two Dangote trucks, loaded with 600, 50kg bags of cement each, and allegedly transporting the goods to Cameroon.
A Nigerian billionaire investor, Femi Otedola is reportedly acquiring shares in Dangote Cement, Nairametrics has reported.