Dangote: 1Q2016 profits down 22% as volumes rise 70%
Dangote Cement has released its results for the year to March 31 2016. During this period volume sales grew 69.6 per cent to 6.4Mt, while profits slipped from NGN70bn (US$352m) ...
Nigeria
555 posts · Page 40 of 56
Dangote: Nigeria’s currency woes will not alter expansion plans
Dangote Cement’s annual general meeting, held in Lagos, has seen Aliko Dangote set out his plans to grow the business despite worsening economic conditions, particularly in the ...
Nigeria: Lafarge Africa sees FY15 growth of 2.5%
Lafarge Africa recently released its FY15 financial results, which showed a 2.5 per cent YoY growth in revenue and a 20 per cent decline in profit after tax, PAT, over the same ...
Nigeria: Dangote signs US$2bn Chinese bank loans for two cement plants
Dangote Group has signed a deal on Tuesday for a US$2bn loan from the Industrial Commercial Bank of China Ltd for two cement plants, according to Reuters. “The interest rate is ...
Nigeria: Work commences on Dangote’s Okpella plant
A groundbreaking ceremony for the construction of a new cement plant has been held as part of celebrations to mark Aliko Dangote’s 59 th birthday.
Nigeria: cement standards may need revision
Nigeria's government is expected to revisit the review of cement standards to address restrictions placed on the use of certain classes of the commodity. Nigeria has witnessed a...
Dangote Cement
Dangote Cement has reported a 14 per cent rise in profit in 2015, up from NGN159.5bn (US$801m) in 2014 to NGN181.32bn (US$910m), driven by new plants and price reductions. The l...
Dangote Cement full-year boosted by new African plants
Dangote Cement posted a 25.6 per cent rise in 2015 revenues to NGN491.7bn (US$2.47bn) as new plants performed strongly across Africa, the company reported yesterday.
Estanda supplies LafargeHolcim plant in Nigeria
Estanda has supplied a LafargeHolcim cement plant in Nigeria with new designs for more efficient dip tubes, the Spanish equipment supplier said in a statement. The project, whic...
Dangote Cement
Dangote has announced an increase in sales of 18 per cent to NGN366bn in 9M15, compared to the same period last year. Net income grew over the period from NGN141bn to NGN158bn, ...