Market update: Dangote Cement shares trading closed for Q2 reports

dangote cement congo

The Largest Manufacturing Conglomerate in West Africa, Dangote Cement with reference to circular NSE/LARD/LRD/CIR2/15/05/17 on the “Notice of Securities Trading by Interested Parties” effective January 1, 2015, has entered a closed trading period from July 12, 2017 until one (1) day (24 hours) after the Half Year unaudited financial results for the period ended June 30, 2017 are released to the public on or before July 28, 2017 after which the trading period will be resumed.

Meanwhile the closing period is applicable to Directors, Senior Managers and other interested parties that may at any time possess sensitive information that may materially affect the price of the securities of the company.

Dangote Cement is a fully integrated cement company and has projects and operations in Nigeria and 14 other African countries; Dangote Cement’s current total production capacity in Nigeria from its three existing cement plants namely Obajana (10.25MMTPA), Ibese (6.0MMTPA) and Gboko (4.0MMTPA) is 20.25MMTPA.

The Obajana Cement Plant (OCP) located in Kogi State is reputed to be one of the single largest cement plants in the world with a combined capacity of 10.25MMTPA.A fourth line which add 3.0MMTPA to the existing capacity will bring the total capacity of Obajana to 13.25MMTPA by 2015.

Dangote Cement is also the biggest quoted company in West Africa and the only Nigerian company on the Forbes Global 2000 Companies.