The Securities and Exchange Commission (SEC) Nigeria has approved a new share buy-back programme for Dangote Cement Plc as part of the manufacturing company’s financial strategies for improved returns on its assets and stock value. A Notice on the approval from the Nigerian Exchange Limited (NGX) indicated that the share buy-back programme would expire on […]
Tag: Dangote Cement Plc
Dangote Cement Shareholders Approve 10% Share Buy-Back Scheme
Shareholders of Dangote Cement Plc on Tuesday authorized the company’s board and management to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution. The company had earlier indicated an interest in undergoing a share buyback programme of up to 10 percent of its issued […]
NASS, FRSC Commend Dangote Firm On CSR, Road Safety Interventions
The House of Representatives and Federal Road Safety Corps (FRSC) have commended Dangote Coal Mines Limited for supporting the government through its multi-million Naira social schemes and for adopting innovations that have remarkably reduced the rate of auto crashes in the country. Speaking at an interaction session involving the company’s host community’s leaders and youths […]
Dangote, GE Seal Pact To Digitize Cement Plants’ Operations
Dangote Cement Plc has signed an agreement with GE to modernize seven GE LM6000PC Aeroderivative gas turbines and install the Asset Performance Management (APM) digital solution at Dangote Cement plants located in Obajana and Ibese, Nigeria. The terms of the deal also include Service Agreement Extension for additional 50,000 operating hours for each of the […]