Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Dangote Cement to begin exportation of clinker

Emmanuel Abara Benson by Emmanuel Abara Benson
April 27, 2018
in Business News, Company News
Dangote Cement Plc, stock market, NSE, Nigerian stock exchange

Dangote Cement Plc trucks

Share on FacebookShare on TwitterShare on Linkedin

By this coming fourth quarter of 2018, Dangote Cement Plc would have finalised plans to begin the exportation of about 3mnt of clinker per annum to Ghana, Ivory Coast, and Cameron. This volume represents about 17% of the company’s current production capacity.

Yvonne Mhango, a Malawian Economist with the Sub-Saharan Africa at Renaissance Capital, disclosed this in a research paper titled Africa: Intra-regional trade –A function of diverse exports. According to her, this development would enable Dangote Cement to take advantage of the African Continental Free Trade Area, and by so doing contribute to the improvement of intra-regional trade within the ECOWAS region.

The African Continental Free Trade Area was recently signed by forty-four (44) African countries, with the commitment to remove tariffs from 90% of imports. This is important considering the fact that intra-regional trade in Africa stands at 20%, sharply contrasting from the 62% prevalent rate in developed regions of the world.

RelatedPosts

CAF increases Africa Women Cup of Nations prize money for winner to $500,000

Lagos says 3.9km Opebi-Ojota link bridge to be ready by June 2023

In West Africa, Dangote Cement Plc currently exports Nigerian cement by road to Ghana and Togo but in small quantities, 6 percent of its total Nigerian production. Dangote Cement is on track to start exporting 3mnt pa of clinker (17 per cent of its Nigerian production) through Port Harcourt and Apapa in Nigeria from Q4, 2018. The company plans to export this clinker to Ghana, Cameroon and Cote d’Ivoire. This implies upside for intra-regional trade in ECOWAS. -Yvonne Mhango

Why this is important

Increased exportation of Dangote Cement to other African countries will improve the company’s overall profit, and by extension increase shareholders’ chances of earning higher dividends. The company recently declared a 16% revenue increase for the first quarter of 2018 ended March 31st. The company’s revenue grew from  ₦208 billion in Q1 2017 to 2018: ₦242 billion in Q1, 2018.

Meanwhile, Nigeria also stands to earn improved foreign exchange, which will, in turn, contribute to overall economic growth.

Dangote Cement Plc is a subsidiary of Dangote Group. The company was founded in 1992 and is one of the biggest cement producers in the country. The company is currently trading at N246.60 in today’s session on the NSE.

Related

Tags: Dangote Cement PlcEcowas Inter-regional tradeThe African Continental Free Trade Area

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Top Crypto: UST Classic leads weekly gainers of top 100
    • Nigerian Stock Market end first half of 2022 as one of the best in the world
    • CAF increases Africa Women Cup of Nations prize money for winner to $500,000

    Follow us on social media:

    Recent News

    Top Crypto: UST Classic leads weekly gainers of top 100

    Top Crypto: UST Classic leads weekly gainers of top 100

    July 3, 2022
    Stock, stock, trading, Nigerian-stocks, Nigerian Stock Exchange Weekly Report

    Nigerian Stock Market end first half of 2022 as one of the best in the world

    July 3, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com