Dangote Cement PLC has just added NSE’s stock real time ticker to its website.
In a statement issued by the Exchange, both parties have signed a contract to provide Dangote Cement Plc its issuer’s share real time price information service.
The Issuers Share Price Information is an offering that enables companies listed on the NSE to display their respective share price on the homepage of their corporate website in Real Time or Delayed interval.
Commenting on the onboarding of Dangote Cement Plc to the service, the Executive Director, Market Operations and Technology, NSE, Mr. Ade Bajomo, said “we are excited to have Dangote Cement Plc join our growing number of companies who have subscribed to the NSE Market Data products and services, which continues to improve on a daily basis. With this, investors and other stakeholders of Dangote Cement Plc will now be able to see its share price in Real Time and thus be able to make informed decisions.”
“The delivery of Market Data and its associated services is an essential building block in the Exchange’s strategy as it seeks to reach a wider audience to improve market transparency and facilitate informed investment decision making. We are committed to bridging the information gap between the Exchange and market participants, knowing that the stock market thrives on information”, he said.
On his part, Carl Franklin, the Head of Investor Relations at Dangote Cement Plc, said “Companies’ websites are the first places investors go for information and the NSE’s real-time pricing feed is a breakthrough for Nigerian shareholders and the companies in which they invest. As the largest company on the Nigerian Stock Exchange, it is important that we set the highest standards of communication with our investors and it was an easy decision for Dangote Cement to work with the NSE to provide accurate and up-to-date share prices on our website. We encourage all companies listed on the Exchange to provide this kind of high-quality and timely information about themselves so that investors can make the best-informed decisions about whether to buy or sell shares”.
Dangote Cement Plc is a Nigerian multinational publicly traded cement manufacturer headquartered in Lagos. The company is engaged in the manufacture, preparation, import, packaging, and distribution of cement and related products across the African continent.
It was founded by Aliko Dangote in 1981 as a trading business with an initial focus on importation of bagged cement and other commodities such as rice, sugar, flour, salt and fish. Dangote Cement Plc is a subsidiary of Dangote Industries Limited and is the largest company traded on the Nigerian Stock Exchange. Dangote Cement has the strategic goal of becoming one of the world’s leading cement companies and certainly the largest in Sub-Saharan Africa, which we believe will be the next big growth market for cement.
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