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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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NISO Announces Power Outage in Kano, Jigawa, Katsina for Grid Maintenance

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By Yusuf Danjuma Yunusa

The Nigerian Independent System Operator (NISO) has announced a planned power interruption affecting Kano, Jigawa, and Katsina states this Sunday, from 9:00 a.m. to 1:00 p.m.

In a statement posted via its X handle, NISO explained that the temporary outage is necessary to facilitate essential maintenance at the 330kV Kumbotso Substation, to be carried out by the Transmission Company of Nigeria (TCN).

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Describing the upgrade as a critical investment, the system operator noted that the exercise would strengthen the national grid, enhance transmission capacity, and improve the overall resilience of Nigeria’s power system—ultimately leading to better electricity supply for customers in the affected region.

NISO expressed regret over the inconvenience and appealed for patience, understanding, and cooperation from members of the public during the maintenance period.

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DSS Releases Detained Farmer, Awards N3 Million Compensation After Review Clears Him of Terror Links

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By Yusuf Danjuma Yunusa

The Director-General of the Department of State Services (DSS), Oluwatosin Adeola Ajayi, has ordered the immediate release and compensation of a man who had been wrongfully detained on suspicion of ties to Boko Haram.

Nura Idris, a farmer and livestock rearer from Soba Local Government Area in Kaduna State, was released following a comprehensive review by a DSS investigation panel that found no evidence to support the allegations against him.

In addition to ordering his release, the DSS Director-General approved a compensation package of N3 million to assist Idris with his immediate needs and pledged further support to help him rebuild his business.

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According to a security source, Idris was initially arrested in June 2024 in Suleja, Niger State, by a sister security agency over alleged links to terrorists. He was subsequently transferred to DSS custody, where the case underwent a full review.

Receiving the compensation, Idris expressed gratitude to the DSS leadership. “I thank the DGSS for his kindness. I was well treated in DSS custody and I pray that Allah rewards the DGSS immensely,” he was quoted as saying.

His father, Yusuf Idris, who received him upon his release, also thanked the DSS Director-General for his compassion and generosity, assuring that the compensation would be put to good use.

Another security source disclosed that in similar cases, the DSS routinely provides psychological and medical support to released detainees and assists them in establishing businesses to facilitate their reintegration into society.

The release of Idris is part of a broader internal review exercise initiated by the Service last year. The initiative aims to reassess inherited and prolonged detention cases to ensure that individuals held without sufficient evidence are not left in custody.

“The Service under the current DG has continued to show that safeguarding national security must go hand in hand with upholding the rights and dignity of citizens,” the source said.

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Army Approves Strategic Redeployment, Names New GOCs for 3 and 6 Divisions

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By Yusuf Danjuma Yunusa

The Nigerian Army has announced a major reshuffle of its senior officers, with changes affecting key operational, command, training and staff appointments.

According to a statement issued on Saturday by the Acting Director of Army Public Relations, Colonel Appolonia Anele, the reshuffle is part of efforts to strengthen national security and improve operational effectiveness across the country.

The statement added that the postings affected field commanders, school commandants and principal staff officers at the Army Headquarters.

It noted that the Chief of Army Staff, Lieutenant General Waidi Shaibu, approved the strategic redeployment of senior officers, saying the move was aimed at enhancing the Army’s capacity to address emerging security challenges.

Under the new appointments, Major General WM Dangana has been named the General Officer Commanding (GOC) 3 Division Nigerian Army and Commander of Joint Task Force Operation ENDURING PEACE, replacing Major General EF Oyinlola.

Similarly, Major General EI Okoro has been appointed GOC 6 Division Nigerian Army and Land Component Commander of Joint Task Force South-South Operation DELTA SAFE, succeeding Major General EE Emeka.

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The statement also announced the appointment of Major General JR Lar as Commander, Army Headquarters Garrison, while Brigadier General OM Oyekola will serve as Acting Military Secretary (Army). Brigadier General I Waziri retains his position as Chief of Staff in the Office of the Chief of Army Staff.

As part of efforts to strengthen operational leadership and combat readiness, Brigadier General IB Buhari was appointed Commander of Headquarters 63 Brigade, while Brigadier General K Rabiu was named Commander of Headquarters 31 Artillery Brigade.

In a move reflecting the Army’s growing emphasis on technology and emerging security threats, Major General SA Emmanuel was appointed Commander of the Nigerian Army Space Command.

The statement noted that the appointment “reinforces the Army’s growing focus on emerging domains of warfare and technology-driven security operations.”

Major General O Adegbe was also appointed Director of Intelligence and Security at Defence Headquarters.

In the area of military education and institutional development, Major General KE Chigbu was appointed Deputy Commandant of the National Defence College, while Major General SD Makolo became Commandant of the Nigerian Army Armour School.

Other appointments include Major General SO Adejimi as Commandant of the Nigerian Army School of Supply and Transport and Major General FS Etim as Chief of Training at the Headquarters Training and Doctrine Command, Nigerian Army (TRADOC).

Brigadier General U Ahmad has also been appointed Commandant of Depot Nigerian Army, Zaria.

The reshuffle further saw Major General KO Ukandu appointed Managing Director and Chief Executive Officer of Post Housing Development Limited, while Major General AI Allison was named Managing Director of Defence Properties Limited.

The statement added, “The COAS charged the newly appointed senior officers to justify the confidence reposed in them by demonstrating exemplary leadership, professionalism, innovation and unwavering commitment to the Nigerian Army’s constitutional mandate of defending Nigeria’s sovereignty, protecting its territorial integrity and supporting civil authority in maintaining peace and security across the nation.

“The Nigerian Army remains resolute in its transformation drive and commitment to building a highly professional, combat-ready and people-oriented force capable of effectively addressing contemporary and future security challenges in pursuit of Nigeria’s national security objectives.”

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