Dangote Cement Seeks to Borrow Money From Nigerians as New Prices Emerge [Video]

• Dangote Cement is planning to issue bonds in the domestic market to finance most of its operations
• The company stated that it has received the Board of Directors’ approval to access funds from the domestic capital market
• In the first nine months of 2024, the cement company reported N2.5 trillion in revenue via increased sales in the local markets.

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Dangote Cement said it has received the Board of Directors’ approval to access medium to long-term debt funding from the domestic capital markets.

The bonds’ proceeds will refinance existing debt and working capital.

Dangote Cement shows impressive financials

In the first nine months of 2024, the cement company reported N2.5 trillion in revenue via increased sales in the local markets.

It disclosed that it has applied to the Securities and Exchange Commission (SEC) regarding …