By Rukayat Moisemhe
Lagos, July 14, 2021 Dangote Cement Plc and Dangote Industries Limited are the highest revenue contributors to the countryâs Solid Minerals sector in 2019, according to Nigeria Extractive Industries Transparency Initiative (NEITI).
The Spokesman for Dangote Group, Mr Francis Awowole-Browne, said in a statement that NEITI revealed in its 2019 Audit Report that the two companies contributed about N778.28 million, representing 31 per cent of the N79.96 billion generated in 2019.
The NEITIâs 2019 Audit Report was signed by Mr Orji Ogbonaya Orji, its Executive Secretary.
Specifically, Dangote Cement Plcâs revenue contribution stood at N635.52 million, while Dangote Industries Limitedâs revenue was at N142.76 million, representing 25.40 per cent and 5.71 per cent of the total revenue.
Dangote Cement acquires 2,000 new trucks at $150 million premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.
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Published 17 June 2021
Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of N50 billion Series 1 Fixed Rate Senior Unsecured Bonds under the company’s new N300 billion Multi-Instrument Issuance Programme. The company said on Wednesday that the bonds were issued on May 26, 2021 at coupon rates of 11.25 per cent, 12.50 per cent and 13.50 per cent for the three-, five- and seven-year tranches respectively.
It said despite market headwinds, the bond issuance was well received and recorded participation from a wide range of investors including domestic pension funds, asset managers, insurance companies and high net-worth investors.
By Goddy Egene
Dangote Cement Plc has announced its successful issuance of a N50 billion Series 1 Fixed Rate Senior Unsecured bond under its new N300 billion multi-instrument issuance programme.
The leading cement manufacturing firm said in a statement that despite market headwinds, the bond issuance was well received and recorded participation from a wide range of investors including domestic pension funds, asset managers, insurance companies and high net-worth investors.
According to the company, the proceeds of the bond issuance will be deployed for its expansion projects, short-term debt refinancing and working capital requirements.
The bonds were issued at coupon rates of 11.25 per cent, 12.50 per cent and 13.50 per cent for the 3, 5 and 7 years tranches respectively.
Dangote Cement completes issuance of N50bn bonds guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.