Dangote Cement records first revenue drop in 5 years, blames cash crunch, elections (nairametrics.com)

The Nigerian operations also represented 69 of group revenues compared to 78 same period last year.

The company also explained the decline in volume was due to a cash crunch and negative sentiments around the elections.

Dangote Cement was one of such. In Nigeria, the cash crunch coupled with the uncertainty around the general elections led to a slowdown in key private and public infrastructure investments.

The Nigerian market contributes around 58 of group volumes shipped, and Dangote Cement cited a cash crunch, negative election sentiments, and the central banks policies for the decline in volume and revenue.

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