'Dangote is the richest black man, not Kanye West' - DJ Cuppy

Nigerian popular disc jockey, Florence Otedola popularly known as DJ Cuppy has made a case for her godfather and billionaire businessman Aliko Dangote.

Dangote Cement Plc, Nigeria’s largest company

Dangote

 

Dangote Cement Plc, Nigeria’s largest company by market value has just released its audited financial statement for year ended December 2013. The results which were posted on the website of the Nigeria Stock Exchange showed the company grew revenue by 29.4 percent year on year to N386.17 billion in 2013FY from N298.45 billion in 2012 financial year.

Profit before tax for the year ended December 2013 climbed by 40 percent year on year to N190.76 billion as against N135.64 billion in the same period of prior year. The results also showed Profit after tax (PAT) increased by 38.73 percent year on year to N201.19 billion in 2013 from N145.02 billion in 2012.