Nigeria: As Dangote Cement Turns a New Chapter

[This Day]Last week, Dangote Cement Plc, the flagship of Aliko Dangote's business empire, announced a price cut for its two cement grades. Exclusive of VAT, Dangote Cement, Africa's largest producer and the world's 25th biggest cement producer, said its ex-factory price of cement would now sell at N1,000 a bag for the 32.5 cement grade and N1,150 a bag for the 42.5 cement grade. Prior to the price cuts, the ex-factory price of Dangote Cement was somewhere in the region of N1,335 a bag, effectively representing a red