Published by
Joseph Green,
Editor
World Cement,
Reuters are reporting that Nigeria's stock index increased by 1.41% on 29 February, supported by investors' interest in the shares of Dangote Cement. The company accounts to a third of the local bourse capitalisation.
Dangote Cement increased 5% to 141.75 naira on expectation that the company will release a robust 2015 financial report.
The company may release its full-year results on 1 March with promise of positive dividend payment.
Edited from source by Joseph Green. Source: Reuters
The Nigerian cement company is seeing the benefit of its additional cement production capacity across Sub-Saharan Africa.
Dangote Cement outlines ambitious expansion plans, aiming to increase its production capacity by 49 million t over the next three years.
Dangote Cement releases 1Q12 financial results.
Dangote Group has recently announced the total dividend payout of N65.84 billion for the financial year ended in December 2010.