• Home
  • About Us
  • Contact Us
Wednesday, September 10, 2025
Star Lite News
  • Home
  • News
    • All
    • Business
    Public Holidays

    Nigerian Government Urges Peace and Unity as Muslims Mark Prophet Muhammad’s Birthday

    Natasha Akpoti-Uduaghan

    “My Suspension Was Fraudulent” – Natasha Akpoti-Uduaghan Challenges Akpabio, Denied Access to NASS

    SunTrust Bank

    $12M Money Laundering Trial: SunTrust Bank MD Halima Buba, Executive Face EFCC Witness Testimony in Court

    Buhari

    National Tribute: Public Holiday Declared in Memory of Buhari’s Service to Nigeria

    Okpebholo

    Governor Okpebolo Floors PDP At The Supreme Court

    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Bela.

    Bela.’s Biography, Wikipedia, Age, Career, Family, and Music

    JaceBen

    Jason Benson: Profile of Nigeria’s Emerging Afrobeats Star

    officialJaceBen

    OfficialJaceBen ft Bela. – “PRESSURE” Lyrics

    Chief Kanran

    Legendary Actor Segun Remi, Aka Chief Kanran, Passes On

    Tom Njemanze

    Nollywood Loses Another Legend: Tom Njemanze Passes Away

    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    Public Holidays

    Nigerian Government Urges Peace and Unity as Muslims Mark Prophet Muhammad’s Birthday

    Natasha Akpoti-Uduaghan

    “My Suspension Was Fraudulent” – Natasha Akpoti-Uduaghan Challenges Akpabio, Denied Access to NASS

    SunTrust Bank

    $12M Money Laundering Trial: SunTrust Bank MD Halima Buba, Executive Face EFCC Witness Testimony in Court

    Buhari

    National Tribute: Public Holiday Declared in Memory of Buhari’s Service to Nigeria

    Okpebholo

    Governor Okpebolo Floors PDP At The Supreme Court

    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Bela.

    Bela.’s Biography, Wikipedia, Age, Career, Family, and Music

    JaceBen

    Jason Benson: Profile of Nigeria’s Emerging Afrobeats Star

    officialJaceBen

    OfficialJaceBen ft Bela. – “PRESSURE” Lyrics

    Chief Kanran

    Legendary Actor Segun Remi, Aka Chief Kanran, Passes On

    Tom Njemanze

    Nollywood Loses Another Legend: Tom Njemanze Passes Away

    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home Business

Q1: More Nigerians Buy Dangote Cement, As Volume Rises By 26.1% To 4.6MT

starliteadmin by starliteadmin
April 26, 2024
in Business
0
Dangote Cement
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

Strategies adopted by Dangote Cement to increase sales and ensure an adequate supply of products to customers are yielding the desired results as domestic sales volume increased, by 26.1 percent to 4.6Mt in the first quarter of 2024.

According to the cement manufacturers’ unaudited results for the three months that ended, on April 30, 2024, the Nigerian operations volume rose significantly and positively affected the rise in the Group’s overall volume to 7.0  Mt.

The company recorded a Group revenue of N817.4 billion, even as profit after tax inched, up by 2.9 percent to N112.7 billion. Earnings per share closed the quarter at N6.68 representing an increase of 3.7 percent. As part of its sustainability programme, Dangote Cement commissioned ten of the 17 Alternative Fuel Projects across the Group.

Chief Executive Officer, of Dangote Cement, Arvind Pathak, in his comments on the results, said, “Driven by an uptick in economic activities, our Nigerian operations witnessed a strong rebound, with volumes up 26.1 percent to 4.6Mt in the quarter. Similarly, our pan-Africa operations continued an upward trajectory, with volumes up 3.1 percent to 2.7Mt, buoyed by increased sales in Zambia and Congo. Despite elevated cost pressures, increased borrowing costs, and a further currency weakening, our first-quarter results reflect our commitment to navigating challenges effectively.” 

He added, “Group revenue more than doubled to ₦817.4 billion, while Group EBITDA rose 66.6 percent to ₦309.5 billion. Profit After Tax was up 2.9 percent at ₦112.7 billion. These results underscore our ability to adapt and thrive in a dynamic business environment while delivering value to our stakeholders.

During the quarter, we intensified our emphasis on exports, dispatching 7 ships from Nigeria to Ghana and Cameroon. As a result, our Nigerian exports surged by 87.2 percent, reflecting our commitment to expanding our presence in regional markets and capitalising on our export-to-import strategy.
We continue to prioritise innovation, cleaner energy transition, and cost leadership towards achieving our vision of transforming Africa and building a sustainable future”. 

Dangote Cement is Africa’s leading cement producer with 52.0Mta capacity across Africa. A fully integrated quarry-to-customer producer, Dangote Cement has a production capacity of 35.25Mta in Nigeria. Obajana plant in Kogi state, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines;  Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta; Gboko plant in Benue state has 4Mta; and  Okpella plant in Edo state has 3Mta.

Through recent investments, Dangote Cement has eliminated Nigeria’s dependence on imported cement and has transformed the nation into an exporter of cement serving neighbouring countries.
In addition, the company has operations in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (2.0Mta clinker grinding and import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.5Mta import), South Africa (2.8Mta), Tanzania (3.0Mta), Zambia (1.5Mta).

Tags: As Volume Rises By 26.1% To 4.6MTQ1: More Nigerians Buy Dangote CementStarlitenews
Previous Post

Fidelity Bank: Improved Share Price As Growth Indicator

Next Post

Day 1 At GTCO Food And Drinks Festival (Photos)

starliteadmin

starliteadmin

Related Posts

Dangote Refinery

CNG Trucks: Netizens Back Dangote, Snub NUPENG’s Threat

by starliteadmin
September 8, 2025
0

Nigerians on social media have rallied behind the Dangote Petroleum Refinery in the wake of opposition from the Nigeria Union...

Dangote Industries

Grenada, St. Kitts PMs, Nigeria’s Finance, Trade Ministers, Gov, Others Laud Dangote Industries at 2025 IATF

by starliteadmin
September 6, 2025
0

Prominent leaders including the Prime Minister of Grenada, Dickon Mitchell; the Prime Minister of Saint Kitts and Nevis, Dr Terrance...

Dangote Cement

Dangote Cement Extends Scholarship Scheme To Some Oworo Students in Higher Institutions

by starliteadmin
September 2, 2025
0

Dangote Cement Plc has expanded its scholarship programme beyond her immediate communities’ to cover other communities in Oworoland, Lokoja LGA,...

Dangote Group

Dangote Group Warns Against Fake Quotes Attributed to Aliko Dangote

by starliteadmin
September 1, 2025
0

Dangote Industries Limited has issued a stern warning to those spreading fake statements allegedly linked to its President and Chief...

Ogun Revenue Agency Commends Dangote Cement For Exemplary Tax Compliance

Ogun Revenue Agency Commends Dangote Cement For Exemplary Tax Compliance

by starliteadmin
August 27, 2025
0

The Ogun State Internal Revenue Service (OGIRS) has formally commended Dangote Cement Ibese Plant for its outstanding commitment to tax...

Dangote Cement

ROAD SAFETY: 1,500 DANGOTE CEMENT DRIVERS UNDERGO SCREENING EXERCISE

by starliteadmin
August 25, 2025
0

No less than 1,500 Dangote Cement truck drivers have undergone intensive screening exercises to ascertain their mental, psychological and physical...

Next Post
GTCO

Day 1 At GTCO Food And Drinks Festival (Photos)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • Tinubu and Timothy

    Prince Chukwudi Timothy Appeals For Dialogue Instead Of Nationwide Protest

    0 shares
    Share 0 Tweet 0
  • Peter Obi says victory of Christ the King College at World Affairs Challenge heartwarming

    0 shares
    Share 0 Tweet 0
  • Family reveals Ifeanyi Ubah’s burial date

    0 shares
    Share 0 Tweet 0
  • ACEACRES24: Akmodel MD Makes Presentations At The 2Days Event (Photos)

    0 shares
    Share 0 Tweet 0
  • Legends of Nollywood Financial Summit Is Here, Meet The Speakers: Apostle Anselm Madubuko, Mrs. Bukola Agbaminoja, Pst. Moji Bakare Asieru-sweet, Others

    0 shares
    Share 0 Tweet 0

Recent Posts

  • Fidelity Bank Extends Food Bank Initiative to Anambra, Provides Essential Food Items to 2,000 Residents
  • Akmodel Group Celebrates Igwe Izuchukwu Okeke Onyeocha’s Birthday in Awka
  • CNG Trucks: Netizens Back Dangote, Snub NUPENG’s Threat
  • 24th CRMI International Conference: Shettima, Ugwuoke, Cardoso, Edun, Push for Home-Grown Risk Solutions.
  • Sanwo-Olu to Lead Lagos State Delegation to FNITCC Atlanta
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

  • https://starlitenews.com.ng/2024/04/20/after-dangote-another-nigerian-refinery-set-date-to-begin-selling-fuel-to-marketers/
  • https://starlitenews.com.ng/2024/05/29/fidelity-bank-gets-highest-corporate-governance-rating-on-stock-market/
  • https://starlitenews.com.ng/2024/07/01/ecobank-nigeria-launches-super-rewards-millionaire-geng-promo-to-reward-over-500-customers-for-loyalty/
  • https://starlitenews.com.ng/2024/01/27/arm-pension-managers-pfa-limited-to-merge-with-access-pensions-limited/