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Dangote Cement grosses N413.2bn revenue in the first 3 months

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Aliko Dangote

 

In the first three months of the 2022 financial year, Dangote Cement has recorded a 24.2 percent increase in its revenue and an 18 percent increase in its profit after tax for the same period.

Unaudited results for three months ended 31st March 2022, showed revenue of N413.2 billion and a profit after tax of₦105.9 billion.

Analysis of the cement giant’s three months results indicated that Dangote Cement sold a total volume of 7.2Mt of cement across the group with Nigerian operations accounting for 4.8Mt while the rest of Africa did the balance of 2.4Mt.

Chief Executive Officer, Dangote Cement, Michel Puchercos, in his comments, said that the company started the first quarter on a positive note despite the new uncertainties brought by a very volatile global environment. He stated that increases recorded in revenue and profitability drove strong cash generation across the Group. Profit after Tax rose to ₦105.9 billion, up 18 percent compared to last year while Group EBITDA rose to  ₦211.0 billion, by 18.6 percent with an EBITDA margin of 51.1 percent.

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Puchercos said, “On the operational side, we are ramping up production at our Okpella plant and are progressing well to deploy grinding plants in Ghana and Cote d’Ivoire. Demand remained strong across all markets, and we remain confident that Dangote Cement is positioned to meet customers’ expectations despite these temporary challenges.

Continuing our efforts to deliver shareholder value, Dangote Cement completed the second tranche of its buyback programme. Following the completion of both tranches, Dangote Cement has now bought back 0.98% of its shares outstanding. This share buy-back programme reflects the Company’s commitment in finding opportunities beyond dividend to return cash to shareholders.”

Puchercos added, “the volatile international context is strengthening our efforts to ramp up the usage of alternative fuels and execution of our export-to-import strategy. Reducing our dependence on imported inputs and making our markets self-sufficient has never been more relevant from a regional perspective.

Our continuous focus on efficiency, meeting strong market demand and maintaining our costs leadership drives our ability to consistently deliver superior profitability and value to all shareholders.”

Dangote Cement is Africa’s leading cement producer with nearly 51.6Mta capacity across Africa. A fully integrated quarry-to-customer producer, it has a production capacity of 35.25Mta in its home market, Nigeria. The Obajana plant in Kogi State, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines; Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta while Gboko plant in Benue state has 4Mta; and  Okpella plant in Edo state has 3Mta.

Through recent investments, Dangote Cement has eliminated Nigeria’s dependence on imported cement and has transformed the nation into an exporter of cement serving neighbouring countries.

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Terrorist Logistics Suppliers Apprehended in Borno

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By Yusuf Danjuma Yunusa

 

Troops of Operation Hadin Kai, OPHK, have apprehended 18 suspected logistics suppliers allegedly enroute Gubio, with plans to proceed to the Gudumbali axis, a known Boko Haram terrorists, BHTs, enclave.

Troops of Operation Hadin Kai, OPHK, have apprehended 18 suspected logistics suppliers allegedly enroute Gubio, with plans to proceed to the Gudumbali axis, a known Boko Haram terrorists, BHTs, enclave.

This is contained in a daily operational report made available to the News Agency of Nigeria on Wednesday.

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The military said the suspects were intercepted while travelling towards the location to deliver the goods to the terrorists.

According to the report, preliminary investigation revealed that all 18 suspects confessed to engaging in the supply of goods to the terrorist group.

“They admitted that they routinely purchase and convey items to the terrorists.

“Their justification was lack of employment, which points to a deeper socio-economic challenge in Maiduguri and its environs,” the army said.

The development, according to the reportt, validates recent remarks by the Chief of Defence Staff on the link between economic hardship and the sustenance of insurgency logistics networks.

“The arrest highlights the critical role of civilian collaborators in sustaining terrorist operations, particularly in remote areas such as Gubio and Gudumbali,” it added.

The army called for a comprehensive approach combining military operations with economic empowerment and job creation to address the root causes of insurgency in the region.

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Kano Gov’t  Offers Study Scholarship to SWAN Members

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By Abdulgafar Oladimeji

Kano state government has  facilitated and supported   members of the Sports Writers Association of Nigeria, SWAN Kano chapter  to proceed to pursue professional certification courses  in sports journalism, our correspondent reports .

The Special  Adviser , youths and sports to Kano state governor, Sani Musa Danja, disclosed that the offer covers their tuition fees.

He said ,   the beneficiaries  have been identified and their enrolment process have been completed.

According to him,  through interactions with stakeholders , the decision was reached for  some sports writers, who  are faced with the challenge of acquiring the required professional qualification to practice their trade should be given support to fill the gap.

said, findings have revealed that , for Kano sports writers to compete favorably there exists the urgent need to empower members of the association  to acquire certain requisite qualification to enable them feature amongst the best in Nigeria and beyond.

Danja speaking, when he hosted SWAN members in his  office , located within the premises of Kano state Library Complex, along Ahmadu Bello Way said that  the state government, under Abba Kabir Yusuf ,  on discovering this major   challenge , acted swiftly to address the lapses, by offering  to sponsor 10 SWAN  members to pursue professional diploma in Sports Journalism at El Roi London University.

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In his word  “ we give thanks to almighty Allah for his mercies, I want to thank our mentor and leader, his excellency governor, Abba Kabiru Yusuf , who made this possible.

“his excellency takes the issue of empowering our people very seriously, the challenge facing our sports journalists is principally the issue of professional certification, some of our sports journalists have their degrees in other fields, but we are aware that, they also require to obtain certain  minimum qualification in journalism or other related fields to help them to excel .

“in line with the policy of the government of his excellency, we have moved in to make sure , these sons and daughter of Kano overcome  this hinderance that may hinder their professional progress.

“the sports media is the back bone of sports development and sports promotion, our government is focused and committed to  support and reshape the sports media to achieve the set out goal to empower Kano youths through sports.

“the mission  of his excellency through this gesture is   to empower our professional sports journalists and give them the required qualification to continue with their pursuit to upward steadily representation of  Kano state in that sector.

 

Danja hinted that,  Kano state government remains unrepentant  in its  upward investment drive to create a generation  of professionals that  would keep the state afloat on the terrain of quality and abundance human resources.

Reacting, chairman SWAN Kano chapter, comrade Zahradeen Saleh thanked the state government for the support.

He said, the scholarship offer is an major step towards uplifting the practice of sports journalism in the state.

He said the dividends of sports could only  accrue with the effective operations of the sporting press through the training and re-training of sports writers.

He admitted that, acquiring the requisite qualification to practice  sports journalism has been one of the major challenges confronting members of the association.

“ our members  who are the beneficiaries of this offer are  youths, on completion of the professional course, they will have stable professional growth and  would be better equipped to contribute their quota to the development of the state.” Zahradeen said .

 

 

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Obi Raises Alarm Over Arrest of Cleric Who Hosted Him in Kaduna

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By Yusuf Danjuma Yunusa

Peter Obi, the Labour Party’s 2023 presidential candidate, has condemned the arrest of a Muslim cleric who hosted him over the weekend, describing the incident as a sign of deepening threats to civil liberties in Nigeria.

In a statement shared on his X (formerly Twitter) account on Tuesday, Obi said he was notified that Sheikh Ahmad Tijjani Umar was taken into custody by security operatives shortly after their meeting in Kaduna on Sunday.

“This development underscores the deeply troubling state of our nation and our democracy, where freedom of speech and movement is increasingly threatened, and where citizens and perceived political opponents face harassment and unnecessary persecution,” Obi wrote.

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The former Anambra governor warned that such actions risk eroding Nigeria’s democratic foundations if left unchecked. He urged authorities to uphold the rule of law and refrain from tactics that intimidate dissent.

“This country must defend freedom and free speech, which are the hallmarks of every democratic society. Suppression and intimidation of dissent can never stand in a democratic society, and this Nigerian government must understand this fact,” he added.

Obi called on those “bent on undermining our already fragile democracy” to desist and adhere to democratic principles in dealing with citizens.

As of Tuesday morning, security agencies had not issued an official statement regarding the cleric’s arrest or the circumstances leading to it. Sheikh Umar, a respected religious figure in Kaduna, has not been publicly charged.

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