Thursday, March 05, 2020 / 10:33 AM /
Ottoabasi Abasiekong for WebTV / Header Image Credit: Twitter; @nsenigeria
The Nigerian Stock Exchange (NSE) dealing members have been assured of improved performance by Lafarge Africa Plc.
The commitment was made by the company's new MD/CEO, Mr. Khaled El-Dokani, as he visited the Exchange for the first time since his appointment.
Mr. El-Dokani, in his remarks at the NSE, said Lafarge Africa Plc would continue on the trajectory of increasing production capacity and creating market value.
Speaking further, he stressed that the company would abide by good corporate governance conduct, embrace innovation and drive operational efficiency in the highly competitive cement industry.
In his response, the Doyen of the Exchange, Mr. Sam Ndanta, congratulated the new El-Dokani on his appointment and particularly lauded the Chairman of the Board, Mr. Bolaji Balogun, for contributing immensely to the development of the capital market.
He also commended the management of Lafarge Africa Plc for the proactive manner in which it handled the case of the Italian contractor to the company, who contracted the coronavirus, thereby averting a tragic outbreak of the disease in the country.
Ndanta believed Lafarge Africa Plc had shown a great example of transparency and accountability that should serve as a model for other organizations.
The Exchange's Doyen tasked the company to deepen its engagement with the market through platforms such as "the-facts-behind-the-figures" events to give securities dealers, analysts and other stakeholders further information on the operations of the company.
Lafarge is one of the leading cement companies in Sub-Saharan Africa, providing building and construction materials for landmark projects across Nigeria.