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5 customers win N1m cash each in Dangote cement promo in Kano

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Dangote Cement Company has continued with its promotional programmes as no fewer than five customers won N1 million each in Bag of Goodies promo in Kano state.
The prize presentation was held at Ungoggo road in Kano metropolis on Wednesday,
In a remark, Chief Commercial Officer of Dangote Group, Rabiu Umar, explained that despite the negative impact of COVID-19 on global economy, Nigeria inclusive, the company had managed to award N1 billion to 1,000 winners across the country.

He said Dangote cement company deemed it necessary to continue with the second phase of the promo, tagged Bag of Goodies 2 in order to give back to the society to cushion the effects of the coronavirus.

He said that the promo was sort of palliative to the teeming customers in the wake of the pandemic as most of them had suffered economic hardship caused by the COVID-19.
Rabiu Umar explained that last year, the company was able to distribute 1,000 cars as grand prize, adding that due to the negative effect of COVID-19 on economy, the company had decided to award N1 million grand prize to the winners each..

According to him, “Despite effects of COVID-19 on global economy, Dangote cement company has decided to go ahead with the Bag of Goodies promo in order to give back to the society. ‘’

” This promo is like a palliative to our teeming customers who have suffered economic hardship, occasioned by the pandemic. Therefore, this would at least cushion the effects of the pandemic.

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“We feel that despite the pandemic, it is worthy to put a smile on the face of our teeming customers across the country. I am sure we have achieved out aim in this round of the promo, ” he said.

On her part, Marketing Director, Dangote Cement Company, Funmi Sanni said that the promotion was to encourage the customers to continue patronizing the product, which according to her, is the best in Nigeria.
Funmi Sanni explained that five people will win N1 million instant cash prize, as other customers could win motorbike, tricycle, TV set, recharge cards, among other prizes in the promotion that will end on November 5, 2020.
Dangote Cement Company, Marketing Director, noted that a customer could only win the N1 million cash prize when collecting the scratch cards that each carries letter D, A, N, G, O, T and E to make up the name DANGOTE.
She appealed to Kano people to patronize Dangote cement considering its quality and durability.

Aminu Bukar Makoda ,one of the N1 million prize winners, said he owns three block companies and uses only Dangote cement for production, adding that he buys over 200 bags of the product daily.

Makoda explained that he buy the product and keep on scratching cards found in each bag of the cement until he got all the letters that made up the name DANGOTE which made him the winner of N1 million cash prize.
Similarly, another winner, Grace Ezigbo, said she won the cash prize after she asked her workers, working in her block company called Alabamu Block Company, to be keeping the scratch found in each bag of the cement.

She said, “That is how I kept collecting the cards until i got all the letters that made up DANGOTE. I’m now a millionaire. I’m happy. I thank God and I thank Dangote cement company. I will keep advertising this company forever,” she said.

Solacebase reports that the N1 million cash prize winners are Grace Ezigbo, Bello Aminu Jamilu Salisu, Aminu Bukar Makoda and Nura Ahmad.

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Lubricants and Nigeria’s economy

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By Cosmas Chukwunonso Nwobi

Every engine depends on oil, which serves as the heat transfer medium and lubricant for moving parts. It stops wears and damages from happening because the moving parts won’t be rubbing against one another.

The primary consumers of engine oil in Nigeria are those who own cars, generators, enterprises, tricycles, and motorcycles. Diesel and gasoline engines both utilize various grades of engine oil. Diesel engine oil is used to maintain heavy vehicles (diesel vehicles), small and large generators, as well as passenger vehicles (light vehicles). Petrol engine oil is used to maintain passenger vehicles (light vehicles).

The overall annual requirement for lubricating oils across the globe is projected to be 50 billion liters, or 60 percent automotive and 40percent industrial. However, industrial lubricants account for more than 70% of total global gross revenues and profit margins.

According to projections, Nigeria, with a gross domestic product of N150 billion in 2013 and more than N450.37 billion by the end of Q1 2021, is the third-largest user of lubricating oils in Africa, consuming 700 million liters of the substance per year (or 1 percent of the global demand).

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The aggregate profit margins of the blending plants were N45 billion in 2013 and N120 billion in the first quarter of 2021. Their total assets are projected to be worth N20 billion. This indicates that domestic production of lubricating oils meets 75 percent of the country’s total demand, with imports from specialist marketing companies providing the remaining 25percent.

You might also be interested to know that, over the projected period (2021-2026), the market for lubricants in Nigeria is anticipated to develop at a compound annual growth rate (CAGR) of 1.54%, reaching 300,399.52 kilo tons by 2026. which demonstrates that the market for automotive lubricants in Nigeria is anticipated to grow to $683 million by 2023.

This demonstrates that the significance of engine oil cannot be overemphasized and that lubricant production would be a very profitable business endeavor that would considerably boost Nigeria’s economy.

However, this industry was adversely affected by Nigeria’s slowing economic growth. The 2016 recession brought on by the sharp decline in global oil prices was the root cause of the downturn. Oil prices started the year at $36.76 a barrel and reached a high of $54.06 for the year. The lack of foreign exchange had a serious negative impact on the ability of various lubricants manufacturing companies to conduct business and imposed severe costs on key sectors of the country, which further cascaded into all areas of the economy. Given that many players in the industry imported large volumes of base oil and other raw materials needed to blend lubricants at the time, this meant that the shortage of foreign exchange affected all sectors of the economy.

However, the investment landscape is currently changing and Nigeria’s lubricant industry, if properly managed, will surely triple it’s current position in a few years to come. This is due to large oil marketers taking advantage of the lubricants market’s deregulation and lack of significant government intervention.

I commend the effort of the Nigerian Government so far in reducing import charges for Lubricant Blending plants firmly advocate for the need of a driving and I strongly advocate that more can be done in this area since Nigeria’s lubricant business has great prospects for investors. Should we succeed, early investors will also benefit from pioneer status and a five-year tax break.

I firmly believe that better consumer education, cooperation with transportation companies, increased consumer knowledge, and the provision of higher-quality lubricants at lower prices would help Nigeria’s lubricant manufacturers expand and make more money.

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Best choice Specialist Hospital Launches First Intensive Infant Phototherapy Machine In Kano

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_”A Beacon of Progress in Northern Nigeria!”_

In a groundbreaking move, Best Choice Hospital has taken a significant leap forward in pediatric care with the introduction of the Infant Phototherapy Unit, a groundbreaking technology designed to treat jaundice and prevent brain damage in newborns.

In a statement signed by Auwal Muhammad Lawal Group Managing Director of the Hospital noted that pioneering technology enables medical professionals to transfuse blood with unparalleled precision, safety significantly enhancing treatment outcomes for children.

…. Noted that the innovative machine boasts a remarkable 70% radiance output and features a standard phototherapeutic unit, eliminating the need for blood transfusions.

Auwal reiterated that introduction of this advanced state-of-art machine marks a significant milestone in Best Choice Hospital’s ongoing commitment to pediatric excellence.

With its advanced capabilities, the Infant Phototherapy Unit can effectively treat jaundice in a targeted manner, providing a beacon of hope for families.

“We understand the distress and hardship that comes with pediatric medical conditions”

“That’s why we’ve invested on this to ease the burden on families and provide children with the best possible chance at a healthy life”. Said Lawal

As the first of its kind in Northern Nigeria, this cutting-edge technology offers a comprehensive treatment solution for infants, covering the entire body with its optimal wavelength.

Dr. Abdulmalik Saminu, a leading medical expert expresses optimism that the development reinforces Best Choice Hospital’s position as a leader in pediatric care, providing families with renewed hope and confidence in the treatment of their loved ones.

Saminu further conveyed heartfelt gratitude to the hospital’s proprietor for his tireless efforts in making this life-changing technology available.

With the Infant Phototherapy Unit, families no longer need to travel abroad for medical treatment, as Best Choice Hospital now offers world-class care right in their own backyard.

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Naira depreciates to N1,635 in parallel market

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The Naira yesterday depreciated to N1,635 per dollar in the parallel market from N1,625 per dollar last weekend.

However, the Naira yesterday appreciated to N1,585.77 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

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Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,585.77 per dollar from N1,598.56 per dollar last weekend, indicating N12.79 appreciation for the naira. The volume of dollars traded (turnover) in the market declined by 58.8 percent to $71.18 million from $172.8 million traded last week Friday.

Consequently, the margin between the parallel market and NAFEM rate widened to N49.23 per dollar from N26.44 per dollar last weekend.

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