Nigeria: Dangote Cement Pays Over N1 Trillion Dividends in Seven Years

24 September 2020

Africa's largest cement manufacturer, Dangote Cement, has grown the wealth of its shareholders over the years, paying over N1 trillion as dividends in the past seven years, the company has said.

According to the cement company's Group Chief Financial Officer, Mr. Guillaume Moyen, Dangote Cement is focused on growing the Nigerian economy. "A breakdown of the seven-year dividend history gleaned from the company's financial statements indicated that N51.1 billion was paid in 2013; N119.3 billion in 2014; N102.2 billion in 2015; N136.3 billion in 2016; N144.8 billion in 2017; N178.9 billion in 2018, and N272.6 billion in 2019," he said.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.