Dangote groups of companies has continue in business of promoting unusual mileage in projecting African continent in positive face of reserved business acumen to outer world.
In recent feat to awaken giants within, Dangote Cement Plc Africa has announced establishing a new N150 billion Commercial Paper Programme (Commercial Paper).
Dangote Cement’s Deputy Company Secretary , Edward Imoedemhe disclosed this in a statement sent to the Nigerian Exchange Limited, NGX , noting that the programme allowed the Company to broaden its funding sources and, combined with it N300 billion multi-instrument issuance Bond programme, increases access to capital market funding.
According to the statement: “ The Commercial Paper will be used for working capital and general corporate purposes.”
Commenting on the bond issuance, Michel Puchercos, Chief Executive Officer of Dangote Cement Plc, said: “The establishment of a new N150 billion Commercial Paper confirms Dangote
By Peter Egwuatu
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