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.
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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.
Dangote Cement Plc says it has commissioned and handed over several multi-million naira rehabilitated education infrastructure in Lagos Island, a gesture that will benefit 2,500 pupils.
The Dangote Cement Plc has commenced a poultry skill acquisition and empowerment programme for youths in its host communities in Kogi.
The Obajana Plant of the Dangote Cement Plc in Kogi state has commenced the training of youth in technical skills under the tutelage of technical units of Dangote Cement Transport, as part of its commitment to Corporate Social Responsibility (CSR).