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Dangote Cement’s commitment to climate change yields dividend

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Dangote Cement’s commitment to environmental disclosures and sustainability is yielding the desired results with Carbon Disclosure Project (CDP) raising its rating from C to B- even as it proposes a dividend of N20 per share for the year ended December 31,2021.

The CDP is an international non-profit organization based in the United Kingdom which runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.

CDP explained that it raised the rating as a result of the Company’s commitment to climate change. The upgrade clearly illustrates the progress made by Dangote Cement regarding commitment to transparency and mitigating its carbon dioxide footprint. This is one of the highest ratings in Sub-Saharan Africa and the only Nigeria company rated by CDP.

Chief Executive Officer of Dangote Cement Plc, Michel Puchercos, in his response to the development 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.

According to him, the cement company is focused on making a positive difference, which is “why sustainability is at the core of every part of our business. In addition, our Alternative Fuel Project is at an advanced stage which aims to leverage waste management solutions, reduce CO2 emissions, and source material locally. This year, we co-processed 89,000 tons of waste representing a 60% increase over 2020.”

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He added that Dangote Cement is focused on sound governance, saying, “we are leading the way with our commitment to sustainability and best practices.  We are driven by the goal of achieving the highest level of governance and building a sustainable brand for all stakeholders.  Transparency and consistency are at the core of every part our business culture”

In its financials for full year ended December 31, 2021, Group sales volume for Dangote Cement stood at 29.3Mt, with Nigeria accounting for 18.61Mt while operations in other countries did 10.86Mt.

Group revenue was N1,383.6 billion for the full year, made up of N993.34 billion from Nigeria while revenue from across African plants was N397.32 billion, in contrast to the group revenue of N1,034.20 billion in 2020 which constituted of N719.95 billion from Nigeria and N318.68 billion from other African operations. Dangote Cement recorded a gross profit of N538.37 billion and after-tax profit of N364.44 billion. The directors have proposed a dividend of ₦20.00 per share.

Dangote Cement became the first Nigerian listed company to report its financial results using XBRL format with the IFRS taxonomy. Adopting XBRL reporting format will strongly benefit Dangote Cement’s existing and potential investors. It represents another step in continuing efforts to modernize and enhance transparency of, and access to, companies’ disclosures.

Dangote Cement Plc is sub-Saharan Africa’s largest cement producer with an installed capacity of 45.6Mta across 10 African countries and operates a fully integrated “quarry-to-customer” business with activities covering manufacturing, sales, and distribution of cement.

 

Dangote Cement has a long-term credit rating of AA+ by GCR and Aa2.ng by Moody’s due to its market leading position, significant operational scale and strong financial profile evidenced by the company’s robust operating and net profit margins relative to regional and global peers, adequate working capital, satisfactory cash flow and low leverage.

 

Dangote Cement is a subsidiary of Dangote Industries Limited, a diversified and fully integrated conglomerate as well as a leading brand across Africa in businesses such as cement, sugar, salt, beverages, and real estate, with new multi-billion-dollar projects underway in the oil and gas, petrochemical, fertiliser and agricultural sectors

 

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Despite Sacking of Palace Guards, Emir Bayero Attends Qur’anic Graduation in Style

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The 15th Emir of Kano Alhaji Aminu Ado Bayero has attended the Qur’anic Graduation of an Islamic School at Kwalli Quarters of Kano Municipal with a mammoth crowd.

This is the 3rd Qur’anic Graduation of the school which was founded by Alhaji Aminu Babba Dan’agundi, a kingmaker and Sarkin Dawaki Babba of Kano Emirate.

Bayero who was accompanied by District Heads and well wishers urged the 72 graduands to imbibe and put the teachings of the Qur’an into practice.

He commended the teachers for their tireless effort in institutionalising learning and good character on the Students.

“Education is the most important thing you can give to your children, Islamic education and knowledge of the Qur’an should be given utmost priority by parents at a time moral decadence in our society is becoming rampant”. He said

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This is coming a day after the sacking of some palace officials on the orders of the state government.

Despite the sacking, politics Digest reports that a large number of youth were seen in a new place guard uniform.

Zakari Uba, told this paper that he volunteered to serve the Emir on his own, out of love and patriotism.

This is the first time Bayero will make an official outing to the Kano city since his dethronement by the Kano State Government.

A source told this paper that the Emir decided to attend the graduation following an order of the court on the maintainance of status quo.

As it stands today, Aminu Bayero is the legitimate Emir of Kano says Sarkin Dawaki Babba Aminu Babba Dan’agundi in an interview with Arise Television.

“The Emir came out and return back home peacefully, nothing like he was booed or stoned. If it is the other one, the story could have been different. Did you see a single thug in Bayero’s entourage? He asked

One of the letters of the sacking was all over the social media where a Senior Clerical Officer of the Kano Emirate Muhammad Gidado Muhammad was fired for no reason.

The letter which was dated 25th March 2025 and signed by Alhaji Abba Yusuf, the Secretary of the Alhaji Muhammadu Sanusi II led Kano Emirate.

Politics Digest exclusively gathered that it was backdated because the victim received it 2 days ago.

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Senator Natasha Akpoti-Uduaghan Stands Firm on Sexual Harassment Lawsuit.

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Senator Natasha Akpoti-Uduaghan has reaffirmed her commitment to pursuing her sexual harassment lawsuit against Senate President Godswill Akpabio, vowing to see the case through to its legal conclusion.

Despite calls from Akpabio’s lawyer, Olisa Agbakoba (SAN), urging her to withdraw the suit or provide extrajudicial clarification, Akpoti-Uduaghan has insisted that such matters must be resolved within the judicial system. She emphasized that the assessment of evidence belongs to the courts alone and rejected any attempts to circumvent due process.

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The senator further accused Akpabio of leveraging media narratives to manipulate public perception while evading institutional accountability. She warned against efforts to litigate the matter outside the courtroom, stressing that legal proceedings should not be undermined by external pressures or public relations tactics.

Akpoti-Uduaghan’s lawsuit has drawn national attention, with legal experts and political observers closely monitoring the unfolding case. As the legal battle continues, she remains resolute in her stance, advocating for due process and institutional integrity in addressing allegations of misconduct.

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Excessive Heat Blamed for Explosion at Giwa Barracks, Army Confirms

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. The Nigerian Army has attributed the explosion at Giwa Barracks to the soaring temperatures in Maiduguri, dismissing speculations of an attack.

In an official statement issued by Captain Reuben Kovangiya, Acting Deputy Director of Army Public Relations at Headquarters Theatre Command Operation HADIN KAI, the army confirmed that the incident involved the explosion of ordnance stored in one of their ammunition facilities. “The explosion was due to the current high temperatures in Maiduguri, which led to the detonation of some munitions,” Kovangiya stated.

Authorities were quick to contain the situation, deploying multiple fire response units to prevent further damage. “The situation has, however, been brought under control with the combined efforts of the Borno State Fire Service Department and fire trucks from various security agencies,” Kovangiya assured the public in his statement.

In addition to firefighting efforts, troops from Operation HADIN KAI have been mobilized to secure the area and prevent any form of exploitation by miscreants. “Troops have been deployed to protect the public and prevent miscreants from taking advantage of the situation,” Kovangiya emphasized, highlighting the army’s swift response to secure the affected region.

The army has also urged residents of Maiduguri Metropolitan Council to remain calm and disregard any unfounded rumors of an attack. “The general public is therefore urged to please discountenance any speculation of an attack and remain calm,” the statement concluded.

As investigations continue into the incident, authorities are expected to assess the impact of extreme weather conditions on military storage sites to prevent similar occurrences in the future.

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