Dangote Cement Plc it has not increase factory price of cement im Nigeria contrary to viral reports across various media. There had been widespread criticism directed at the company over the disparity of the price of its cement in Nigeria, compared to other West African countries. However, a statement by the company said as of…
Dangote Cement has repurchased N41.155 billion worth of shares as it completed the first tranche of its share buyback programme announced in early July. In a corporate notice filed on the Nigerian Exchange Limited on Thursday, Dangote Cement said the first tranche commenced on Monday and was completed on Tuesday via the open market on…
Ethiopia and Nigeria’s central banks have reportedly exchanged an estimated $100 million in frozen funds. The currency swap entails trading Ethiopian Airlines’ revenues from Nigeria for Dangote Cement’s earnings in Ethiopia. The swap arrangement allows Ethiopia to receive access to monies that have been frozen in Nigerian banks, while Nigeria gains access to funds that…
