Dangote Debunks ‘Mischievous’ Bloomberg Sole Cement Export Report

THE management of Dangote Group Tuesday said reports that the company was granted sole approval to export cement through the land borders was not accurate.

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A New York based media company, Bloomberg had reported on how the Nigerian government allowed Dangote Cement to resume cement export across its land borders despite the border closure policy put in place. Bloomberg alleged that the Buhari administration gave its authorization for Africa’s biggest producer to export cement to Niger and Togo in the third quarter for the first time in ten months.

Dangote however, on Tuesday dismissed the report and described it as ‘’misleading and mischievous,’’ saying the Bloomberg story focused only on Dangote Cement as the sole beneficiary of the partial special dispensation.

“Dangote Cement is a publicly quoted company and complies strictly with the Securities & Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) full disclosure clauses and regularly update transparently our transactions to our shareholders and it is disheartening that such honest disclosure is being interpreted negatively,” the Group Chief, Branding and Communications, Dangote Group, Anthony Chiejina, said in a statement.

The statement said Dangote Cement and other companies in July 2020, got partial special dispensation to export their products with certain sequence of crossing at Ilela land border in Sokoto State and Ohumbe land border in Ogun State.

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