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    Thursday, June 7, 2018

    Stock Exchange Lauds Dangote Cement on Corporate Governance

    ...Calls For More Partnership
    The Management of the Nigerian Stock Exchange on Wednesday lauded Dangote Cement for its adherence to best corporate governance practices, even as it called for more partnerships between the two organizations.
    The Managing Director/Chief Executive of the Exchange, Oscar Onyema, gave the commendation while welcoming the Group Managing Director of Dangote Cement, Engr. Joe Makoju, and his management team to the special sounding of the closing gong on the trading floor of the NSE.
    Sounding of the closing gong is a ceremony reserved for chief executives and dignitaries who visit the Exchange and it marks the close of trading activities.

    Onyema, who congratulated Makoju on his confirmation as the substantive Chief Executive of Dangote Cement, described him as proper and fit for the role given his level of experience and years of exposure in the manufacturing sector.
    He said as the largest listed company on the Exchange and with other listed companies from the Group, Dangote Sugar Refinery, Dangote Flour and NASCON, any change in the management cadre is very important as it affects the stock market.
    He stated that Makoju’s tenure as the helmsman of Dangote Cement is yielding the expected results as increased investors’ confidence has resulted in good performance of the stock.
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