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Tag: Dangote

Bargain hunting lifts NSE’s index by 0.06%

Bargain hunting lifts NSE’s index by 0.06%

Capital Market
Following bargain-hunting in some blue-chips, especially Airtel Africa and Sunu Assurance, the domestic equities market closed positive for the first time in the week, as the All-Share Index rose 0.06 per cent. At the close of transactions yesterday at the Nigerian Stock Exchange (NSE), the ASI increased by 15.67 absolute points or 0.06 per cent growth to close at 24,130.26 points. Similarly, the overall market capitalisation gained N8 billion, an increase of 0.07 per cent to close at N12.588 trillion as a result of the listing of Tranzact International Plc Rights Issue of 4.67 billion Ordinary Shares of 50 Kobo each at N1.50 per share on the basis of 10 new ordinary shares for every nine ordinary shares. The upturn was impacted by gains recorded in large and medium value stocks, ...
Dangote Cement’s ‘Bag of Goodies’ to produce nine millionaires daily

Dangote Cement’s ‘Bag of Goodies’ to produce nine millionaires daily

Business
To reward and improve the livelihoods of its consumers around Nigeria, Dangote Cement Plc, yesterday, unveiled plans to produce additional nine millionaires daily in its new Spell and Win “Bag of Goodies 2” Consumer Promo. The promotion, scheduled to run from Wednesday, July 15, to November 15, is expected to produce 1,000 millionaires within 16 weeks. Besides, consumers also stand a chance to win tricycles, motorcycle, television sets, refrigerators, Dangote Food Goodies packs, recharge cards and many other exciting gifts. To be a part of the promotion, “all the consumer needs to do is to buy any promo bag of Dangote Cement during promo period, pick out the scratch card inserted in the bag, scratch open the inserted card to see what you have won, go to the nearest redemption ...
Innovative marketing, others push Dangote Cement revenue to N891.7b

Innovative marketing, others push Dangote Cement revenue to N891.7b

Innovation
Amid harsh operating environment, Dangote Cement Plc has posted Group revenues of ₦891.7 billion and volumes of 23.7 million metric tonnes of cement production capacity in its 2019 operations. Reviewing its performance at the 11th Yearly General Meeting (AGM), in Lagos, yesterday, the Chairman of Dangote Cement Plc, Aliko Dangote, linked the improved performance to “The Bag of Goodies promotion,” launched in July, which increased Nigerian volumes in the third quarter performance. He also noted that the innovative marketing effort enabled the company to maintain its market share despite the 4.5 metric tonnes (MT) new capacity, which came on stream during the year. According to him, the cement manufacturer recorded strong Earnings before interest, taxes, depreciation...