Dangote Cement
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Africa’s richest man and Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, has recommended that Nigeria moves from resource-based to knowledge-based economy. Dangote made the recommendation in a pre-convocation lecture he delivered as part of activities lined up for the 38th convocation of the Bayero University, Kano, at the weekend. “Given the tremendous benefits…
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STRENGTHS WEAKNESSES Dangote Group has approximately 10,000 employees. It is Africa’s largest multinational and most capitalized company on the Nigerian Stock Exchange (NSE). Strong balance sheet and low net debt. The largest producer of cement in Nigeria. Strong distribution channel with over 5,000 self-owned trucks. Dangote Groups owns Africa’s largest cement factory located in Abuja.…
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The management of Dangote Cement Plc has said the price of a bag of cement from its factories across Nigeria (as at August 28, 2023) was N4,010 in Okpella and N4,640 in Ibese, Objana, and Gboko. Clarifying misinformation about the price its cement yesterday, the company said it could range from N5,000 to N5,300 per bag,…
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