Business News

Dangote Cement’s Sale of N100bn Commercial Paper Closes Tomorrow

Dangote Cement stocks

By Aduragbemi Omiyale The sale of N100 billion worth of commercial paper by Dangote Cement Plc will close tomorrow, Tuesday, April 16, 2024. The exercise is from the N300 billion Commercial Paper Issuance Programme of the leading cement manufacturer in Nigeria. Funds from the CP sales, in its Series 13 and 14, would be used by the firm for its working capital requirements and general corporate purposes, details of the exercise revealed. Business Post reports that the subscription for the Dangote Cement commercial paper started on Friday, April 12, 2024, and the settlement date is Wednesday, April 17, 2024. Series