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Dangote Cement’s CDP Climate Rating Upgraded to B-

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Dangote Cement Plc (DANGCEM-NL), Africa’s largest cement producer, is pleased to announce that CDP has raised its rating from C to B- for the Company’s commitment to climate change. The rating upgrade reflects Dangote Cement’s improvement in governance, risk management processes & disclosures, emissions reduction initiatives, business strategy & financial planning and value chain engagement.

 

This upgrade demonstrates the continued efforts made by the Company to increase its levels of non-financial disclosure and improve its sustainability reporting.

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This year, for the third time, Dangote Cement submitted to the CDP, one of the world’s leading research groups focused on climate change. In addition to the rating upgrade, Dangote Cement became a CDP supporter.

 

Commenting on the announcement, Michel Puchercos, Chief Executive Officer of Dangote Cement Plc, said:

 

“We are pleased to be recognised for the progress that we are making in our environmental disclosures and sustainability. The CDP rating upgrade clearly illustrates the steps that Dangote Cement is taking in its commitment to transparency on climate and environmental issues. We are focused on making a positive difference, which is why sustainability is at the core of every part of our business. We are currently implementing our ‘Alternative Fuel Initiative’ which aims to leverage waste management solutions, reduce CO2 emissions, and source material locally.

 

We strongly believe that sustainable value creation for all our stakeholders will be based on our ability to fully embed the 7 sustainability pillars of “The Dangote Way” into every aspect of our operation and culture.”

 

 

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Stampede at Catholic Church in Maitama Claims Ten Lives During Food Distribution

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Ten people have been confirmed dead in a stampede at the Holy Trinity Catholic Church, Maitama, on Saturday, 21st December 2024, during the distribution of food items to vulnerable and elderly individuals.

The unfortunate incident, which occurred around 6:30 am, resulted in the loss of ten lives, including four children, and left eight others injured with varying degrees of severity. Four of the injured have been treated and discharged, while the remaining victims are still receiving medical attention.

The FCT Police Command, in a statement issued by its spokesperson, SP Josephine Adeh, confirmed the tragedy, extended condolences to the families of the deceased, and wished the injured a swift recovery.

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Port-Harcourt Refinery Fully Operational- Says NNPC

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The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd) has been drawn to reports in a section of the media alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down.

We wish to clarify that such reports are totally false as the refinery is fully operational as verified a few days ago by former Group Managing Directors of NNPC.

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Preparation for the day’s loading operation is currently ongoing.

Members of the public are advised to discountenance such reports as they are the figments of the imagination of those who want to create artificial scarcity and rip-off Nigerians.

 

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Port Harcourt Refinery Halts Production Less Than a Month After Resumption

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Less than a month after the porthacourt  appeared to have resumed production, the facility has stopped working.

It was gathered that the lifting of petrol actually stopped last Friday, December 13, as the 18-arm loading bay of the new Port Harcourt refinery was empty.

While about 18 trucks littered the stretch of the busy road leading to the refinery itself, nine trucks were spotted inside the parking yard, while the loading bay was empty.

Journalists who visited the refinery on Thursday, December 19, 2024, observed that the lifting of Premium Motor Spirit (petrol) had stopped completely.

The depot, which is usually a beehive of activities where tankers scramble for space at the parking yard, was a shadow of itself with literally no vehicular or human activity relating to operations.

This was after $1.5bn was approved in March 2021 and spent on the rehabilitation of the facility.

The inauguration of the 60,000 barrel per day production capacity plant by the Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday, November 26, 2024, was met with celebration and fanfare.

During the re-opening of the facility, there was lifting of petrol to the excitement of the cheering crowd.

However, less than 10 trucks of petrol were lifted that day as against widespread claims that about 200 trucks carried petrol out of the bay.

 

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