Published by
Joseph Green,
Editor
World Cement,
According to the latest report by BloombergMarkets, Nigerian billionaire Aliko Dangote’s fortune has fallen by 35% this year -- representing a loss of US$5.4 billion.
The fall comes on the back of a commodities slump and a devaluation of the naira in June.
The cement mogul’s net worth now stands at US$9.9 billion, a 62% drop since January 2014.
Edited from source by Joseph Green. Source: BloombergMarkets
The Nigerian cement manufacturer has announced 19 new projects to support the communities close to the Ibese cement plant.
The Nigerian cement producer has partnered with the Ministry of Environment to support the Council held in Benue State earlier this month.
The Nigerian cement manufacturer has recorded double digit increases in pre-tax and gross profit.
Dalmia Cement is poised to open new cement plants in Meghalaya and Karnataka, India, as part of its expansion plans.