Dangote Cement advances post-tax profit by 11% in 2024
Dangote Cement plc reported a 62.2 per cent increase in its group revenue to NGN3.58trn in 2024. Group volumes edged up by 1.6 per cent YoY to 27.708Mt as Nigerian volumes were ...
Dangote Cement
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Dangote plans US$400m Ethiopian plant expansion and greenfield plant
Aliko Dangote has announced a US$400m plan to revive a second production line at the Mugher cement plant in Ethiopia, aiming to double the facility's capacity to 5Mta. “We are c...
Dangote Chairman claims Nigerian government thrives on profitable private sector
The Chairman of Dangote Group , Aliko Dangote, has said the government is taking 52 per cent of its income from his company, Dangote Cement Plc. He cites the substantial private...
Nigerian producers under pressure to reduce prices
The price of cement in Nigeria reached NGN10,000/bag (US$6.46/bag) at the start of 2025. Despite an agreement in January 2024 between the federal government and cement producers...
Dangote Cement posts improved 1H net profit
Dangote Cement reports a revenue of NGN1.76tn (US$1.09bn) for the six months ended 30 June 2024, growing from NGN950.8bn in the same period in 2023, up 85 per cent YoY. Earnings...
Dangote Cement commits to CNG trucks by 2025
Dangote Cement has pledged that all of its trucks will be operating on compressed natural gas (CNG) by the end of 2025, reports Vanguard. According to the company, investments a...
Gunmen abduct Dangote workers at Okpella
Gunmen stormed Dangote Cement ’s Okpella plant in Edo State, Nigeria, on 14 May, abducting dozens of plant workers, according to Business Day. Eye witnesses say the gunmen opene...
House of Representatives summons Nigerian producers
Dangote Cement and BUA Cement are among a number of cement producers that have been given 14 days to appear before the House of Representatives in Nigeria. The companies were in...
Dangote Cement announces Philip retirement
Dangote Cement has announced the retirement of its Deputy Group Managing Director, Mathew Philip. Mr Philip retired from the cement producer on 30 April 2024, reports Business D...
Dangote reports 101% revenue surge in 1Q24
Dangote Cement has reported group revenue of NGN817.4bn (US$659m) in the first quarter of 2024, ended 31 March, marking a 101 per cent surge YoY. EBITDA advanced by 66.6 per cen...