Dangote cement plc has announced February 9,2017 as the closed of operations for the period ended 31st December ,2016 until its financial report is released on or before the 28th of February 2017, according to the Rules of the Nigerian Stock Exchange.
The closure is applicable to Directors, Senior Managers and other interested parties that may at any time posssess any sensitive information that may materially affect the price of the securities of the company.
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. The company was formerly known as Obajana Cement Plc and changed its name to Dangote Cement Plc in July 2010. Obajana Cement Plc was incorporated in 1992. It is a subsidiary of Dangote Industries Limited and is the largest company traded on the Nigerian Stock Exchange. In 2013, the company produced and sold 13.3 million metric tonnes of cement, with revenues of USD2.4 billion. As of 2014, Dangote Cement had a market capitalization of USD20 billion. In 2012, Forbes Africa named Dangote Cement as one of the top five listed companies in West Africa.