Aliko Dangote, Africa’s richest man and founder of Dangote Cement Plc, has retired as Chairman of the Board of Directors, effective July 25. Mr. Emmanuel Ikazoboh has been appointed the new Chairman.
This leadership change comes as the company announced a significant increase in its revenue for the first half of 2025, rising to N2.07 trillion from N1.76 trillion in 2024.”
According to a statement on Friday, from Dangote cement Plc confirming the leadership changes; Ms. Mariya Aliko Dangote, the billionaire’s daughter is also appointed into the board of directors for Dangote cement PLC.
She previously served as Group Strategy Lead, Dangote Industries Limited, a position she held until her redeployment to Dangote Sugar
Refinery Plc in 2019. In 2023, she was appointed Executive Director, Operations, Dangote Sugar Refinery Plc.
Meanwhile, Mr. Emmanuel Ikazoboh the new chairman has over 40 years of experience in senior management roles in Nigeria, Côte d’Ivoire, Cameroon and South Africa.
He was previously the Group Chairman of Ecobank Transnational Inc., the Pan-African banking group.
Following the billionaire’s retirement from the Cement Company, he’ll be focusing more on his Crude oil refinery and petroleum business in Lagos, which has drawn a-lot of domestic and international attention since it began operations in 2024.
Financial reports H1 2025
According to Dangote Cement Plc’s unaudited financial statements for Six Months Ended June 30th 2025
The industry Revenue Increased significantly in the first half of 2025 to N2.07 trillion from N1.76 trillion in 2024.
Gross Profit rose to N1.22 trillion in 2025 compared to N930 billion in 2024.Profit from Operating Activities grew substantially to N0.81 trillion in 2025 from N550 billion in 2024.
Earnings Per Share (Basic and Diluted), increased to N30.74 in 2025 from N11.26 in 2024 (these are already per share, so they remain in Naira). Also, Total Assets increased to N6.62 trillion in 2025 from N6.40 trillion in 2024.
However, the report shows Nigeria is the biggest consumer market for the industry by contributing N1.44 trillion while Pan Africa contributed over N680 billion to the total revenue of N2.07 trillion.
Profit from operating activities, Nigeria contributed over N790 billion while Pan Africa contributed over N0.06billion to the total profit from operating activities of over N810 billion.
The company’s principal activity is to operate plants for the preparation, manufacture, and distribution of cement and related products.
