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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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Fombina Imprints Marks World Book Day with Symposium at KHAIRUN

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To mark the 2025 World Book Day declared by UNESCO, Kano-based publishing outfit Fombina Imprints Limited is organizing an event themed “Crisis of Standards, Decline of Reading Culture, and the Challenges of Publishing in the Digital Era.”

The event, scheduled for Tuesday, April 23, 2025, will take place at Khalifa Isyaku Rabiu University (KHAIRUN) , Kano, and will begin at 10:00 a.m.

The celebration will include a symposium, two panel discussions, a book exhibition, and a book gifting session.

According to the organizers, the activities aim to encourage reading habits among youths, foster discussions around the role of books in education, and examine current issues in the publishing industry.

Speaking ahead of the event, Buhari Abba, the Public Relations Manager of Fombina Imprints, said the occasion is not just to celebrate books but also to raise awareness.

“This event is a wake-up call to confront the shrinking reading culture among young people, the threats to educational quality, and the survival of publishing in a digital world,” he stated.

The symposium will be chaired by Professor Lukman I. Diso of Bayero University’s Department of Library and Information Sciences. Scholars and experts expected to speak include Professor Asabe Sadiya Mohammed, Provost of Aminu Saleh College of Education, Azare, and Dr. Mohammed Aminu Aliyu from the Department of Economics at BUK.

Two panel sessions will offer space for further engagement. The first, chaired by Dr. Bilkisu Yusuf Ali of Al-Qalam University, will examine “The Challenges of Publishing in the 21st Century” with panelists such as Ado Ahmed Gidan Dabino, Kabiru Musa Jammaje, and Khalid Imam.

The second panel, chaired by Professor Murtala Muhammad of Northwest University, will address “The Challenges of Reading Culture Among Youths.”
Speakers will include journalist Ismail Auwal, poet and creative director Nasiba Babale, HumAngle reporter Aliyu Dahiru, and Sadiya Lawal Danyaro, a lecturer from the Federal University Dutsin-Ma.

Fombina Imprints will also donate books to selected schools, including Government Girls Secondary School, Shekara, and Usman International School, Gandu, Kano.

“Books are not just tools for learning; they are instruments of transformation. We believe in investing in young minds, and this book donation is part of our little way to support education in our community,” Buhari Abba added.

The 2025 World Book Day celebration by Fombina Imprints aims to bring together authors, publishers, scholars, students, and readers to reflect on the role of books in a rapidly changing world.

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Hajiya A Hanga Elected Chairperson of CARAV, Pledges Renewed Fight Against Rape and Violence

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.By Our Correspondent.

Hajiya Amina Hanga, the Executive Director of Isa Wali Empowerment Initiatives, has been elected as the new chairperson of the Coalition Against Rape and Violence (CARAV).

CARAV is a collaboration of key stakeholders from governmental and non-governmental organizations united in their fight against rape and violence through various strategic initiatives.

Other persons also elected to various positions include: Aisha Abubakar as vice chairperson, Abbas Ibrahim as Secretary, Mustapha Gambo Muhammad as Assistant Secretary, Mustapha Muhammad as Treasurer, and Dayyabu Abdulqadir Waziri as Financial Secretary.

These individuals will steer the activities of the Coalition for the next two years.

In her speech, the newly elected chairperson of CARAV emphasized the need for members’ cooperation and commitment to eradicating rape and violence.

She highlighted that the harmful practice requires collective efforts to combat the action

“We come together today not merely to remember why we began this journey, but to rekindle the fire that drives us. We are here to revive something that should never have gone quiet—a coalition united against rape, sexual violence, and all forms of abuse.

The convener also added,” We are here to re-energize our efforts, realign our strategies, and recommit to our shared mission of ending violence and creating safe spaces for survivors and communities. Rape and violence continue to cast dark shadows over too many communities, leaving survivors in pain and societies grappling with the consequences. In the face of these challenges, CARAV used to stand as a beacon of hope, resilience, and determination.”

She pointed out that the reactivition meeting marks a pivotal moment. “We are here to reignite our purpose, strengthen our unity, and chart a renewed path forward.

According to her, CARAV has the power to amplify the voices of survivors, to push for systemic change, and to cultivate a culture where dignity, respect, and safety are not privileges, but rights afforded to every individual.

In her remarks, Justice Maryam Ahmad Sabo, a founding member of the Coalition, highlighted the need for the prevention of such occurrences.

The Jurist, stressed the need for sensitization and strong collaboration among stakeholders as the way forward to combat the menace

Speaking as a founding father, Professor Muhammad Tabi’u, SAN, explained that the establishment of CARAV was a direct response to a 2011 rape case involving some law enforcement officers.

The legal luminary stated, “The case attracted a public outcry until the culprits were brought to book by the court of law.” This event, Professor Tabi’u emphasized, highlighted a serious concern about the rampant occurrence of Sexual and Gender-Based Violence.

According to him, from its inception, the Coalition adopted tactical strategies, incorporating both CSOs, Government Agencies, and Non-Governmental Organisations.

Professor Tabi’u charged new leadership to be committed and review constitution of Coalition and refine strategies to address the prevalent of rape occurrance.

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Petition:VP Summons NAHCON Chair, Board Members

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Vice President Kashim Shettima has summoned the Chairman of the National Hajj Commission of Nigeria (NAHCON) Prof. Abdullahi Saleh Usman and board members of the commission for a meeting today at the Vice President’s Conference Room.

A letter of invitation sighted by Daily Trust, and signed by Deputy Chief of Staff to the President, Office of the Vice President, Sen. Ibrahim Hassan Hadejia, revealed that the meeting slated for today was to brief the Vice President on preparation for the 2055 Hajj and outstanding issues.

It could be recalled that the chairman and the non-executive board members of the commission have been having issues on lack of inclusion in some decisions made by the chairman for the preparation of the 2025 Hajj.

This culminated into a petition to the Vice President who warned the chairman to stop running the affairs of the commission as a sole administrator.

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