With a tax charge of N97 billion for the financial year ended December 31, 2020, Africa’s largest cement maker, Dangote Cement Plc, has remained a major contributor to the economy, despite proposing a dividend of N16 per share.
The tax charge represents a 95 percent improvement over the amount of N50 billion reported in 2019, according to the cement group’s audited results published on the floor of the Nigerian Stock Exchange (NSE).
Dangote Cement’s Nigerian operations sold 15.9 million tonnes in 2020, compared to 14.1 million tonnes in 2019. This includes sales of both cement and clinker, implying a 12.9 percent increase for the entire year of 2020. In terms of domestic sales, Nigerian operations sold 15.6 million tonnes, up 14.3% year on year and resulting in a market share gain.
Data source: Premium Times
Nigeria’s leading music figure and vocalist, Cobhams Asuquo, known for his singing and production said…
Following a mixed reaction from the South African community representatives, Khoi and San, the Cape…
Mitigating the process and service barriers in African rail transportation, the digital disruption has transformed…
Kais Saied, the Tunisian president has said in his speech that he will allow the…
You know the credibility of an ingredient when it’s plastered all over bottles and jars…
Cyclone Gombe that flooded large areas of central and northern Mozambique is consistently leading to…
This website uses cookies.