NSE Lauds Dangote Cement, Seeks Increased Partnership

The management of the Nigerian Stock Exchange has called for increased partnership between it and Dangote Cement Plc.

The Managing Director, NSE, Mr. Oscar Onyema, lauded Dangote Cement for its adherence to best corporate governance practices, at the special sounding of the closing gong on the trading floor of the bourse on Wednesday.

The sounding of the closing gong, which is a ceremony reserved for chief executives and dignitaries who visit the NSE, marks the close of trading activities for the day.

Onyema, while welcoming the Group Managing Director, Dangote Cement, Mr. Joe Makoju, and his management team, congratulated Makoju on his confirmation as the substantive chief executive of the firm.

Onyema described Makoju as proper and fit for the role, given his level of experience and years of exposure in the manufacturing sector.

He described any change in the management cadre of Dangote Group as very important to the stock market, being the largest listed company on the Exchange.

He stated that Makoju’s tenure as the helmsman of Dangote Cement was yielding expected results, as increased investors’ confidence had resulted in good performance of the stock.

“The performance of the stock is very good and is a result of the resilience, expertise and diligence of the management team. It is listed on the premium board,” Onyema said.

He appreciated the chairman of Dangote Cement for his efforts and advocacy for an improved and better capital market, as well as sponsorship of NSE’s events.

He called for more partnership with Dangote Cement in terms of Corporate Social Responsibility projects.

Makoju, in his response, described it as an honour and privilege to be invited to sound the closing gong.

According to him, there is a special relationship between Dangote Group and the NSE as Aliko Dangote was a former president of the council of the Exchange.