In a major move set to solidify Nigeria's position as the industrial powerhouse of the continent, Dangote Industries Limited has signed a landmark $800 million agreement with Chinese engineering giant Sinoma International Engineering Co. Ltd. The deal aims to double the production capacity of the Dangote Cement plant in Itori, Ogun State, marking one of …
Dangote Cement Plc has secured an upgrade to its long-term credit rating from AA to AA+ following its strong financial performance in 2025. DataPro announced the upgrade in a statement released on Tuesday, citing Dangote Cement's resilient earnings, solid financial position and market leadership despite challenging economic conditions. While affirming the cement manufacturer's short-term rating …
Dangote Cement Plc has said it is considering a potential secondary listing on the London Stock Exchange (LSE) as part of efforts to deepen its access to international capital markets. The company disclosed the development in a statement to the investing public on Wednesday, signed by its Company Secretary, Edward Imoedemhe, following an emergency board …
Dangote Cement, BUA Cement and Lafarge Africa recorded strong profit growth of up to 117 per cent in the first quarter of 2026, as rising revenue and improved efficiency lifted their earnings compared to the same period in 2025. A review of the financial statements of cement giants for the period ended March 31, 2026, …
In a significant move to boost its capacity expansion drive, Dangote Industries Limited and the Nigerian National Petroleum Company (NNPC) Limited have signed new Gas Sales and Purchase Agreements (GSPA). The deals, finalized over the weekend at the unveiling of the NNPC Gas Master Plan (NGMP) 2026 in Abuja, are designed to scale up gas …
Aliko Dangote, the President of Dangote Industries Limited, has unveiled a landmark plan to list a 10% stake in his $20 billion refinery on the Nigerian Exchange (NGX) in 2026. Dangote further announced that the company is currently in discussions with market regulators to facilitate future dividend payouts in US dollars, offering a hedge against …
With a bag of cement selling for about N10,000, blamed on the high cost of production, consumers are left to bear the ultimate burden, findings by Pinnacle Daily have revealed. Although the three giant cement companies in Nigeria, Dangote Cement, BUA Cement, and Lafarge Africa, generate their own electricity, energy costs significantly impact their operations …
Dangote Cement Plc has said that shareholders of the company received about N3.3 trillion in dividends over the past 15 years. This benefit besides the significant capital gains from the appreciation of the company’s stock. The Dangote Cement Chairman, Emmanuel Ikazoboh, hinted at this during the company’s ‘Facts Behind the Figures’ presentation at the Nigerian …
By Esther Ososanya Africa’s richest man and industrialist, Aliko Dangote, has officially stepped down as Chairman of Dangote Cement Plc, the company he founded and built into one of the continent’s largest cement producers. The announcement was made on Friday in a statement issued by the company’s Group Chief, Branding and Communications Officer, Anthony Chiejina. …
