Global Credit Ratings has affirmed Dangote Cement issuer ratings of AA+(NG) and A1+(NG).
Dangote Cement has announced the completion of the first tranche of its share buy-back programme.
The net worth of Africa’s richest man declined by $840 million as the share price of his flagship company, Dangote Cement Plc drops.
Dangote Cement made headlines recently with news of its share buyback, but how well do you understand the concept?
The market breadth index was positive with 30 gainers against 17 losers. AIRTELAFRI gained 10.00% to led the gainer’s chart today.
Dangote Cement Plc increased market capitalization by 28% to N3.49 trillion at the close of trade on the 30th of November.
BUA Cement Plc received a waiver from the government for the export of Cement to the Niger Republic via the Sokoto Border.
The 40% increase in the sales volume drove profits up by 135.1%.
Dangote Cement Plc recorded a major boost in its sale of cement and clinker revenue-generating units, as total revenues increased.
Dangote is on course to sell more clinker across West Africa and commence shipment to Central Africa in H2 2020.