• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

Dangote Cement considers debt funding options under 300 billion bond issuance programme

Omokolade Ajayi by Omokolade Ajayi
March 25, 2021
in Stock Market
Dangote Cement pLC

Dangote cement factory

Share on FacebookShare on TwitterShare on Linkedin

Dangote Cement Plc has obtained approval from the board of the company to access debt funding options in the capital market.

The announcement for the regulatory approval from the board was contained in a press release issued by Dangote Cement during trading hours today, the 25th of March 2021.

The cement behemoth added that this will help to stimulate the company’s business growth across its operating segments, as the cement manufacturer moves to expand operations by maximizing available sources of debt funding and other options available in the capital market.

RelatedStories

Finland opens applications for over 270 English-taught degree programs for international students 

Finland to allow work-based residence permit holders to change occupations from June 11 

June 11, 2025
Crude oil

Finance ministry rejects claims of $5 billion oil-backed loan initiative collapse 

June 11, 2025

READ: BUA Cement loses N162 billion in market value in a week

In line with this, the proposed funding will be used for capital expenditure of the company’s expansion projects, short-term debt refinancing, and its growing working capital requirements.

Providing more information on the approval, the cement manufacturer also revealed its intentions to explore medium to long-term debt funding options through the debt capital market, subject to favourable market conditions.

In case you missed it: Nairametrics reported that Dangote Cement posted a record high revenue of N1.03 trillion in 2020, making it the second Nigerian listed corporate entity after MTN to surpass the N1 trillion mark. The cement behemoth’s revenue expanded by 16% year-on-year to N1.03 trillion, with about N720bn of the revenue generated from its operations in Nigeria.

READ: US Billionaires earn $1.3 trn during the pandemic while 80 million lost their jobs

What you should know

  • According to the information contained in the company’s audited statement, the total borrowings of Dangote Cement Plc as of 31st of December 2020, increased from N351.4 billion at the end of 2019 to N483.1 billion in 2020.
  • The increase in total borrowings can be pegged on the increase in the short-term dollar-dominated loan the company received from banks, and also the “series 1 Naira bond with a value of ₦100 billion and a coupon rate of 12.5%” which the company issued in 2020.
  • Despite the increase in its total borrowings, the cement manufacturer has been very strategic with its operating and financing costs, in line with its cost optimization strategies.
  • At the end of 2020, Dangote Cement incurred a total of N44.0 billion as finance costs, which is significantly lower than what it incurred a year ago, in 2019 (N57.7 billion).

Follow us for Breaking News and Market Intelligence.
Omokolade Ajayi

Omokolade Ajayi

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor.

Related Posts

Finland opens applications for over 270 English-taught degree programs for international students 
"Japa"

Finland to allow work-based residence permit holders to change occupations from June 11 

June 11, 2025
Crude oil
Economy

Finance ministry rejects claims of $5 billion oil-backed loan initiative collapse 

June 11, 2025
CBN, forex
Financial Services

No recapitalisation deadline extension for BDCs, CBN says 

June 11, 2025
Nigerian court unfreezes N89 million in bank accounts previously indicted for illegal crypto dealings
Business News

Alleged $1bn scam: CBEX promoters ask court for bail from EFCC custody 

June 11, 2025
SEC warns Nigerians against investing in Risevest and Stecs  
Business News

SEC issues fresh warning as CBEX resumes operations in Nigeria two months after crash 

June 11, 2025
Tinubu appoints Didi Esther Walson-Jack as Head of Civil Service of the Federation
Business News

FG directs civil service MDAs to achieve full digitalisation, go paperless by end of 2025 

June 11, 2025
Next Post
BUA warns Dangote: Stay clear of Obu Mines or face contempt of court

Nigerian mining sector has local manpower to drive further growth - Minister

Comments 1

  1. Yahaya Mohammed says:
    March 26, 2021 at 12:01 pm

    I want to subscribe in Dangote cement and need a sincere help

    Reply

Leave a Reply Cancel reply

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

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Finland to allow work-based residence permit holders to change occupations from June 11 
  • Finance ministry rejects claims of $5 billion oil-backed loan initiative collapse 
  • No recapitalisation deadline extension for BDCs, CBN says 

Follow us on social media:

Recent News

Finland opens applications for over 270 English-taught degree programs for international students 

Finland to allow work-based residence permit holders to change occupations from June 11 

June 11, 2025
Crude oil

Finance ministry rejects claims of $5 billion oil-backed loan initiative collapse 

June 11, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics