Dangote Cement Targets N100 Billion from Commercial Paper Issuance

Dangote Cement (NGX: DANGCEM) aims to raise N100 billion through Commercial Paper issuance as part of its N500 billion program. The company's unaudited financial statements for the nine months ending September 30, 2025, reveal a 23.2% revenue increase to N3.154 trillion and a profit before tax surge to N1.040 trillion.

Arvind Pathak, the CEO of Dangote Cement, highlighted the company's expansion in Côte d'Ivoire with a new grinding plant. The issuance is targeted for working capital purposes and is rated AA by Datapro GCR.