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Dangote Cement Plc on Saturday posted a revenue of N761.4 billion in nine months ending September 30, 2020, indicating a 12 percent increase over revenues for the corresponding period in 2019, according to a statement by Mr Michel Puchercos, Group Chief Executive Officer, Dangote cement.
One of Africa’s largest cement producers, BUA Cement, has announced an impressive 2020 half-year results declaring revenues of N101.3billion and a Profit After Tax of N34.82billion, representing an increase of 12.7% and 13.74% respectively from the corresponding period in 2019. This was contained in a filing to the Nigerian Stock Exchange.
President of Dangote Group, Aliko Dangote, has said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries, where the company has its operations. The countries are Nigeria, Ethiopia, Senegal and South Africa.
Dangote Cement Plc, Africa’s leading cement manufacturer, is seeking to raise up to N100 billion in fresh funds from the bond market, under its NGN300 billion Debt Issuance Programme.
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.
Arik Air received two aircraft from C-Check over the weekend, thereby boosting the operations of the airline in the coming festive season.
Lafarge Africa Plc, a subsidiary of LafargeHolcim, a regional dealer in building materials, on Monday announced over 173 per cent profit in its nine months of operations.
Jumia Technologies on Thursday announced its financial results for the second quarter ended June 30 with a 94 per cent increase in gross profit.
Telecommunication giant, MTN Nigeria, on Friday said its mobile subscribers’ base increased to 61.5 million in the first quarter of 2019.
Airtel Africa Plc is set to become the third most capitalized quoted company on the Nigerian stock market as the telecommunications company concludes arrangements to list its shares on the Nigerian Stock Exchange (NSE). Nigeria alone accounts for 36% of its total revenue.
Lafarge Africa Plc has announced N8.43 billion in operating profit for the first quarter ended March 31, 2019, up 35 per cent from N6.26 billion in Q1, 2018.
The board of Lafarge Africa Plc has approved the extension ofexisting shareholder loan of $315 million and a new Right Issue of up to N90 billion as part of efforts to reduce the company’s leverage and strengthen its profitability.
Group Chief Executive Officer of Dangote Cement, Joe Makoju, has revealed that the company has invested a whopping $3B to build manufacturing plants and import/grinding terminals across Africa.
MTN Nigeria says it added 2.3 million subscribers between January and March 2018 to report a total customer base of 54.5 million.
Shareholders of Dangote Cement Plc are surely in for a good deal as the company’s directors have recommended an increase of 23.5 per cent in the dividend payout to the shareholders, for the year ended on 31st December 2017.
South Africa’s state-owned airliner says it will face a liquidity crisis if it does not receive a 13 billion rand (976 million dollars) cash injection from the Treasury to meet its debt obligations and cover operating costs, it said on Friday.
South Africa has signed an agreement with Johnson & Johnson to secure 11 million COVID-19 vaccine doses and will ease restrictions due to a decline in new cases, President Cyril Ramaphosa said on Sunday.
Ole Gunnar Solskjaer believes Manchester United are being negatively influenced by opposition managers referring to their penalty record after being denied a spot-kick in a 0-0 draw at Chelsea on Sunday.
Governor Bello Matawalle of Zamfara State has said that the abducted students of Government Science Secondary School, Jangebe, will be released very soon.
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has once again knocked the President of Nigeria, Muhammadu Buhari, over the unsecured state of the country.
Following the gale of abductions of school children in the Northern part of the country, the National Association of Nigerian Student (NANS), has advised the federal government to list bandits perpetrating such horrendous crime as terrorists.
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, has inaugurated training for 259 Independent Monitors to supervise Integrated National Social Investment Program (N-SIP) at community level in Adamawa state.
The Civil Liberties Organisation (CLO) says the National Assembly’s call for declaration of a state of emergency on insecurity will allow President Muhammadu Buhari to take extra constitutional actions to address the nation’s security challenges.
Gov Okezie Ikpeazu has explained that the reason his administration decided to relocate the Abia State College of Health and Management Technology, Aba currently at the heart of Enyimba to a new site at Umuobiakwa, was to help decongest the City centre.
The FCT Administration Task Force on Enforcement of COVID-19 Protocols has sealed two commercial outlets in Karu, an Abuja suburb, over violation of COVID-19 protocols.
Chelsea manager Thomas Tuchel have praised the reaction of Callum Hudson-Odoi following his 31 minute appearance in Saturday’s 1-1 draw against Southampton at the St Mary’s Stadium.