5 articles tagged with “Dangote Cement”
Nigeria's largest cement producer reported 20.3% revenue growth to N4.31 trillion with profit exceeding N1 trillion for 2025, while President Tinubu's executive order on oil revenue remittance signals major fiscal restructuring.
Nigeria's central bank reduced its benchmark interest rate by 25 basis points to 26.5%, marking the first monetary easing in nearly two years, even as Dangote Cement reported profits doubled to N1 trillion amid persistent consumer hardship.
MeCure Industries reported pre-tax profit of N7.93 billion for 2025, up 140% year-on-year, while Dangote Cement signed a $1 billion deal with Sinoma International for 12 new plants across Africa, signaling robust corporate expansion despite macroeconomic headwinds.
MTN Nigeria shares surged to an all-time high of N780 per share following investor optimism over the IHS deal, while Dangote Cement made history with Nigeria's first commercial paper listing valued at ₦119.87 billion on the Nigerian Exchange.
As Dangote Cement becomes the first issuer to list commercial paper on the Nigerian Exchange, the country's financial infrastructure undergoes a transformation marked by cashless mandates and regulatory pressure on cryptocurrency firms.