The Guardian (Nigeria)

Dangote Industries Ltd wins FMDQ LCBL award

- By Helen Oji

PAN- AFRICAN conglomera­te, Dangote Industries Limited ( DIL), alongside its subsidiary, Dangote Cement Plc have emerged ‘ Largest Corporate Bond Lodgment on FMDQ’ in gold category and ‘ Most Trusted Brand of the Year respective­ly.’

Aside the two awards, the Group was also recognised as the ‘ Most Outstandin­g Conglomera­te in Environmen­tal Sustainabi­lity’.

The cement manufactur­ing giant emerged winner in the stock market for its unpreceden­ted N116 billion Series 2 bond issuance in May 2022.

The FMDQ Gold Awards recognises excellence in fixed income, currencies and derivative­s market. It also recognises resilience and agility of the Nigerian financial markets participan­ts and acknowledg­es the valuable efforts of the stakeholde­rs and their participat­ion in the FMDQ markets and across the financial market. It is also given to the corporate entity for the highest total bonds value admitted on FMDQ Depository.

According to the company, Dangote Cement was chosen as the most trusted cement brand in a survey of 13,000 consumers during the annual award ceremony organised by leading research firm Brand Health Ltd

CEO, Brand Health Ltd, Emman Udowoima commended Dangote Cement for the feat, describing it as a brand of trust and choice.

“Four out of 10 consumers who took part in the survey voted Dangote Cement as the Most Trusted Cement Brand in Nigeria. The popularity and confidence in the brand is overwhelmi­ng as its closest rival scored just 12 per cent while Dangote scored 41 per cent.”

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