Dangote Cement Targets N100 Billion from Commercial Paper Issuance
Dangote Cement 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.
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