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DANGOTE CEMENT
The NGX All-share Index recorded an impressive performance with a YtD gain of 45.90% closing at 74,773.77 points in 2023, which stands in sharp contrast to the 19.98% gains achieved in 2022.
Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc spent a whopping sum of N598.137 billion in fuel and power during the full year ended December 31, 2023.
The Federal Government says that it has called for an urgent meeting with cement manufacturers over the escalating cost of the product in recent times.
The Federal Government has commended the leading roles being played by the Dangote Group to complement government’s efforts to diversify the nation’s economy and the company’s dedication to promotion of best practices in all its operations.
Dangote Cement and BUA Cement have both seen their share price more than double in 2024 with a combined market cap of over N19 trillion.
Amid the bustling activity of the Nigerian stock market, Dangote Cement has emerged as a focal point of investor attention.
The announcement of Femi Otedola's acquisition of shares in Dangote Cement Plc appears to have sparked increased investor interest, resulting in a significant uptick in Dangote Cement's shares.
Dangote Cement appreciated today at the NGX by 7.49%, with its market cap gaining N430 billion.
The first trading day post-Christmas ended in the bearish zone as the All-Share Index declined by 0.34%, closing at 73,768.64 points.
Dangote Cement Plc, Ibese Plant, has marked its 2023 Host Community Day in a grand style with the unveiling of four multi-million Naira empowerment schemes targeted at youths, women, farmers and students in the company's host communities.
Unlike other companies, especially those in the consumer goods sector, cement producers have shown resilience in the face of foreign exchange losses, maintaining profitability in the first nine months of the year.
Dangote Cement in the nine months ended September 30, 2023 reported 15.2 percent increase in pan-African volumes which rose from 7.4Mt to 8.5Mt, compared to the corresponding period in 2022.