Tag
DANGOTE CEMENT
Mr. Arvind Pathak has tasked professional builders in the country to prioritize the use of quality materials in building projects as a potent means of checking the incidence of building collapse.
Dangote Cement, MTN Nigeria, and Airtel led the list of most valuable companies in Nigeria as of the end of Q3 2023, jointly accounting for 45% of the total equities market capitalization as the market gained N2.96 trillion between July and September.
Following the announcement of the removal of subsidies and the unification of the exchange rate, businesses, sectors, industries, and the Nigerian populace have been actively grappling with the consequences and challenges that have emerged.
Africa's richest tycoon experienced a slight moderation in his wealth as Dangote Cement, the country's most capitalized stock, posted a loss of 8.49%, closing at N334.00 after Friday's trading session.
Nigeria's economy and businesses face ongoing challenges stemming from exchange rate unification, Naira floatation, and fuel subsidy removal, impacting sectoral performance - financial stability and corporate operations.
Management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories across Nigeria (as at 28th August 2023) is N4,010 in Okpella and N4,640 in Ibese, Objana, and Gboko.
Dangote Cement has reported a robust pan-African performance for the half year ended June 30, 2023, with sales volume hitting 5.4Mt.
Sequel to the completion of the first tranche of its share buy-back program, the Global Credit Ratings (GCR) rating agency has affirmed the long-term issuer rating of AA+(NG) to Dangote Cement plc.
At the close of market activities for the week, the combined market capitalization of SWOOTs appreciated by 3.81% to close at N20.617 trillion from N19.859 trillion the previous week, reflecting a gain of N757.17 billion.
Investors who took positions in Dangote Cement’s stock in 2020 and exited June 31, 2023 harvested 140.26 per cent returns through capital appreciation and 11.11 per cent in H1- 23.
SWOOTs, known as stocks worth over one trillion, which include Airtel Africa and MTN Nigeria among others, saw a slight dip in their combined market capitalization.
Nigerian companies demonstrated resilience and achieved impressive financial results in 2022 despite economic challenges. See the top 10.