Nigeria: Shareholders Approve Consolidation of Dangote Industries

Abuja — The Dangote Cement Plc (DCP) Shareholders yesterday approved the transfer and consolidation of Dangote Industries Limited (DIL's) pan-African cement interests at nominal value to single identity of DCP to boost its production expansion aimed at achieving at least 18.5 Million Tons per annum outside Nigeria.

This approval follows the announcement of annual turnover of N202.565 Billion for the financial year ended December, 2010 as against N189.6 Billion recorded in the previous year. Dangote Cement also paid a total dividend of N65.84 billion which translates to N4.25 kobo per share for the year under review.

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