Dangote Cement Plc
Dangote Cement acquires 2,000 new vehicles to enhance transportation
Dangote Cement Plc has acquired 20,000 additional vehicles to enhance the distribution of the company’s cement products in the country. The company’s Spokesman, Tony Chiejine, said in a statement made available to newsmen on Monday in Lokoja that the new vehicles, made up of trucks, trailers and tippers, were acquired at a cost of $150 million US dollars. According to him, the company had recently taken delivery of another set of trucks, trailers, bulk tankers, tippers, cargo trucks and bulk cement tankers. “These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4,000 people in Nigeria,” he said. “We have acquired the new trucks in line with our new expansion capacity in Obajana, Ibese, Gboko and the ...
Dangote Cement completes issuance of N50 billion bond programme
Dangote Cement Plc has announced the successful issuance of N50 billion series 1 fixed rate senior unsecured bonds, under its new N300 billion multi-instrument issuance programme. In a statement on Tuesday, the cement producer said the bonds were issued on May 26, 2021 at coupon rates of 11.25 percent, 12.50 percent and 13.50 percent for the three, five and seven-year tranches respectively. The bonds will be listed on the Nigerian Exchange Limited and FMDQ Securities Exchange. Dangote Cement said that the proceeds of the bond issuance will be deployed for the company’s expansion projects, short-term debt refinancing and working capital requirements. “Aside from this first issuance of a traditional bond under the new Multi-Instruments Programme, Dangote Cement has registered a programme ena...
CSR: Dangote Cement commits N4 billion to projects in Ogun host communities
Makamba Online Dangote Cement Plc, says it has committed over N4 billion into various Corporate Social Responsibility (CSR) projects in its 14 host communities in Yewa land in Ogun. The company made this known in a statement signed by the Media and Community Relations Manager of Dangote Industries Limited, Mr Francis Awowole-Browne, on Sunday. “Since the inception of Dangote Cement in Ibese, in the last eight years of creation in Ogun, we have focused on construction and repairs of roads, building of blocks of classrooms, construction and repairs of healthcare facilities. “We have also provided boreholes, some electricity transformers, among others,” he said. The company itemised the projects as 40 classrooms, three health centres, 22 boreholes, three transformers totalling N4.1bn Among va...
