Nigeria's yearly cement producing capacity is rather low especially when you compare the figure to the size of the country's economy and its population. That's according to Abdulsamad Rabiu, Chairman and CEO of the BUA Group.
Dangote Cement has listed its 50 billion Naira commercial papers on the FMDQ OTC securities exchange. CNBC Africa caught up with Managing Director and CEO of Dangote Cement Joseph Makoju, at the listing to get more details.
Nigerian cement manufacturer, Dangote cement recently announced plans to issue a 50 billion0-naira series one and two notes under the company’s 150 billion commercial paper program. Funto Oluwasegun, Cement Analyst at Stanbic IBTC joins CNBC Africa to discuss the outlook for the cement industry as the second half of the year.
BUA Group founder & Chair talks investing in cement
JOHANNESBURG, Sept 14 (Reuters) - Nigeria’s Dangote Cement has approached South African cement producer PPC about a tie-up, but talks are at the preliminary stage, it said. READ: Inside billionaire Aliko Dangote’s $12bn...
PPC's CEO Darryll Castle has resigned less than a week after Tito Mboweni stepped down from the board.