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The Nigerian equities market closed Thursday trading on upward trend, appreciating by 0.10 per cent, amid Dangote Cement gain.
Dangote Cement Plc yesterday donated N100 million worth of cement to the Lagos State government, to support the ongoing reconstruction process at the Abule-Ado area of Amuwo-Odofin Local Government of the state, which was affected by a pipeline explosion last weekend.
Two giant corporate organisations, Dangote Cement Plc. and Zenith Bank Plc. on Wednesday visited the Governor of Lagos State, Babajide Sanwo-Olu, to commiserate with him and the state on the recent explosions that rocked Abule Ado-Soba area of the State.
Dangote Cement said on Wednesday it planned to start exports from its Congo Republic plants to neighbouring states, while its Nigerian exports fell 41% in 2019 when Nigeria’s government closed its borders.
Dangote Cement Plc will soon boost its export sales as it prepares to inaugurate its Apapa, Lagos, export terminal. This will be followed by Onne, Rivers State, export terminal. The company disclosed this while commenting on its future plans following the release of its 2019 financial results.
For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa, with an estimated net worth of $10.1 billion.
Desire of the Management of Dangote Cement to ‘buy back’ 10 per cent of its entire issued shares from shareholders was unanimously granted on Wednesday as the company’s shareholders’ voted in support of the ‘share buy back’ plans. Dangote Cement, which currently has 17.04 billion fully paid up ordinary shares of 50 kobo each, would be buying back 1.70 billion shares.
The equities market today (Tuesday) recorded the first profit taking after a long streak gain this month leading to a decline in a major performance index as the Nigerian Stock Exchange, NSE All Share Index declined by 1.2 percent or 118 bases points, bps.
Transactions on the Nigerian Stock Exchange (NSE) moderated on Friday with the market indicators improving marginally by 0.07 per cent.
Africa’s wealthiest man, Alhaji Aliko Dangote ended 2019 with a total worth of $14.8 billion, representing an increase of $4.3 billion from the $10.3 billion recorded in 2018, according to Bloomberg’s Billionaires Index released recently.
African richest man Aliko Dangote has significantly moved up in the World billionaires’ list as he emerged 96th richest person in the world, with an estimated worth of $14.8 billion, as against his previous ranking of 103rd in the world.
The Nigerian Stock Exchange opened the last trading week for 2019 on Monday with a growth of 0.73 per cent following investors’ interest in heavyweight stocks.
Dangote Cement Plc is seeking shareholders’ approval to embark on share buy-back in move aimed at improving return on equity and shareholder value.
The novel coronavirus has infected more than 1,016,000 people and killed over 53,000 worldwide, according to Johns Hopkins University.
Veteran Actor, Yinka Quadri, has urged Nigerians to take the fight against COVID-19 as a collective responsibility of all and not to be left for government alone.
Operatives of the Anambra State Police Command have arrested members of a four-man gang posing as officials of the Ministry of Health in their bid to sell unhygienic sanitisers in the state for the prevention of Coronavirus Disease.
The Delta State Government has called for an investigation into the alleged killing of a 28-year-old man, Joseph Pessu, in Warri on Thursday by a security agent.
Olumide Oyedeji has stated that the consideration of Nigerian athletes by the International Olympics Committee to continue to be beneficiaries of grants is a great relief for Nigerian athletes who will have some funds of their own to continue preparations towards the Olympics games next year.
A 40-year-old man, Mohammed Mamuda, has been arrested for manufacturing Russian AK47 Rifles and Pump Action Rifles and selling them to suspected criminals.
NY Commissioner of Police says 4,342 uniformed officers, representing 13 per cent of the force, had called out sick as of Sunday.
Dr Solomon Chollom, a Jos based Virologist, has called on the Federal Government to increase testing capacity for the novel Coronavirus (COVID-19) pandemic outbreak in the country.
Sterling Bank Plc, has contributed N250 million as part of its commitment to the newly formed Nigerian Private Sector Coalition Against COVID-19 created to help channel resources to combat the coronavirus disease under the theme: “We need you.”
The new law which is in effect across the thirty-one (31) Local Government Areas of the state, is in view of the serious and imminent threat to Public Health by the pandemic COVID-19, a dangerous infectious disease within the meaning and intendment of Section 2 of the Quarantine Act, Cap. Q2, Laws of Federation of Nigeria 2004.