Nigerian cement manufacturer, Dangote cement recently announced plans to issue a 50 billion0-naira series one and two notes under the company’s 150 billion commercial paper program. Funto Oluwasegun, Cement Analyst at Stanbic IBTC joins CNBC Africa to discuss the outlook for the cement industry as the second half of the year.

Dangote Cement plc has issued N50 billion in Series 1 and 2 Notes under its N150 billion planned Commercial Paper Program. Competitor, CCNN, isn’t far behind in big announcements.

Dangote cement outlines cost-saving energy plans.

After ending an eight-day rally last session as profit taking activities on Dangote cement saw the stock shed 2.9 per cent.