BORDER CLOSURE TAKES TOLL ON DANGOTE CEMENT AS EXPORT FALLS BY 41%

Dangote Cement exports from Nigeria to neighbouring countries fell 41% in 2019 when Nigeria’s government closed the land borders. The development has made the dominant cement company in Africa move its exports to Congo Republic, producing from plants in those countries. Nigeria shut its land border in August to curb the smuggling of rice to neighbouring states where it sells for more and an illegal arms trade. The closure has also hurt other Nigerian businesses, including cement exports, and stoked inflation. Joseph Makoju, Dangote’s outgoing chief executive, said the border…

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MR CEMENT, JOSEPH MAKOJU BOWS OUT AS DANGOTE CEMENT CEO

Joseph Makoju: bowing out of Dangote Cement The Group Managing Director/CEO of Dangote Cement Plc, Joseph Makoju will bow out on January 31, 2020. He will be replaced by Mr. Michel Puchercos from Lafarge Africa, the company told the Nigerian Stock Exchange in a filing. Makoju became the CEO of Nigeria’s dominant cement manufacturer in 2018, after first serving as Honorary Adviser to the President/Chief Executive of Dangote Industries Limited, Aliko Dangote, from 2009 to 2018. He was also Chief Operating Officer oF Dangote Cement. Makoju, popularly called Mr. Cement,…

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