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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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APC Ends Speculation, Unveils Shettima as Tinubu’s 2027 Running Mate

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By Yusuf Danjuma Yunusa

The All Progressives Congress (APC) has finally laid to rest months of intense speculation over the party’s presidential ticket for the 2027 general election, formally presenting Vice President Kashim Shettima as President Bola Ahmed Tinubu’s running mate.

A meeting of the party’s National Working Committee (NWC) alongside top party leaders is currently underway at the Continental Hotel in Abuja to seal the announcement. Senior APC leaders at the venue confirmed to Politics Digest that President Tinubu has re-nominated Shettima, effectively reaffirming the partnership that delivered victory for the party in the 2023 presidential poll.

The decision comes after months of speculation that the President might replace his deputy with a northern Christian candidate ahead of the election, a move that would have significantly altered the religious composition of the ticket. Friday’s development represents the clearest indication yet that the President has chosen continuity over political recalibration.

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According to THEWILL, Tinubu’s decision was conveyed through his Special Adviser on Political Affairs, Ibrahim Masari, during the meeting. Masari presented the President’s nomination form to the APC leadership and simultaneously submitted Shettima’s nomination form, officially confirming the Vice President as the running mate.

The ceremony was attended by members of the APC National Working Committee, some governors, and members of the National Assembly elected on the party’s platform, who witnessed the formal presentation of the nomination documents. Also present were members of the Progressive Governors Forum (PGF), led by its Chairman and Governor of Imo State, Senator Hope Uzodinma.

The announcement puts to rest sustained debate over the fate of the Vice President, who has faced repeated questions about his position on the ticket since the 2023 election. With this formal unveiling, the Tinubu-Shettima ticket is now set for the 2027 presidential race.

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Gombe Assembly Screens, Confirms Hon. Maigari as Commissioner, thrice

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By: Umar Umar

 

The Gombe State House of Assembly has screened and confirmed Prof (Hon) Aishatu Umaru Maigari as a substantive commissioner following her nomination by the executive governor of Gombe State Alhaji Muhammad Inuwa Yahaya as part of efforts to restructure the state’s Executive Council.

Her confirmation followed the governor’s submission of her name alongside those of other nominees to the House of Assembly for screening in accordance with constitutional provisions.

The confirmation marks another chapter in Maigari’s public service career under the administration of Governor Muhammad Inuwa Yahaya, having previously served in key positions in the state cabinet.

Maigari was first appointed Commissioner for Science, Technology and Innovation in 2019, a position she held until 2022.

Following a cabinet reshuffle by Governor Inuwa Yahaya in 2022, she was redeployed to the Ministry of Education, where she served as Commissioner for Education until 2023.

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After the governor secured a second term in office, she was reappointed and continued to head the Ministry of Education from 2023 until 2026, when the governor dissolved the State Executive Council as part of plans to reconstitute the cabinet.

Her latest screening and confirmation by the House of Assembly clears the way for her return to the cabinet following her reappointment by Governor Inuwa Yahaya.

Over the years, Prof. Maigari has earned recognition for her contributions to public service, particularly in the Education and Science sectors.

During her tenure, she participated in the implementation of government policies aimed at improving education delivery, promoting innovation and strengthening institutional development in Gombe State.

Beyond her official responsibilities, Maigari is widely regarded by supporters and political associates as a grassroots politician who has maintained close contact with her constituents through various empowerment initiatives and community engagement programmes.

Supporters say she has consistently demonstrated commitment to improving the welfare of ordinary citizens through interventions targeted at women, youths and vulnerable groups across communities.

She has also been described by colleagues, associates and supporters as a leader who maintains cordial working relationships with employees at all levels. Those who have worked with her say she is approachable, encourages teamwork and promotes cooperation among both junior and senior staff in the various ministries where she has served.

Political observers believe her reappointment reflects Governor Inuwa Yahaya’s confidence in her experience and administrative capacity as the administration seeks to strengthen governance and accelerate the implementation of its development agenda.

The reconstitution of the State Executive Council is expected to inject fresh momentum into the government’s programmes and policies, with the newly confirmed commissioners expected to contribute their experience toward improving service delivery and socio-economic development across Gombe State.

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MAAUN Clarifies Status of Former Visiting Lecturer, Reaffirms Zero-Tolerance Policy on Sexual Harassment

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The management of Maryam Abacha American University of Nigeria (MAAUN) has clarified that Dr. Nasa’i Gwadabe, a lecturer from North West University, Kano, is no longer affiliated with the institution, following the expiration of his one-year appointment as a Visiting Lecturer in May 2026. The university said the clarification became necessary in response to reports circulating on social media linking him to the institution.

In a statement issued by the university management, MAAUN explained that Dr. Gwadabe’s appointment ended in May 2026 and was not renewed. According to the statement, he is therefore no longer a member of the university’s academic staff and should not be described as such in media reports or public discussions.

The university stated that Visiting Lecturers are employed on one-year contracts, with renewal dependent on satisfactory performance, institutional requirements, and management approval. It added that Dr. Gwadabe’s contract was not renewed at the end of its tenure, noting that the same decision applied to a number of other Visiting Lecturers whose appointments also expired.

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Reaffirming its stance on misconduct, the management said MAAUN maintains a zero-tolerance policy on sexual harassment, abuse, and exploitation. According to the statement, the policy is regularly communicated to members of the university community as part of efforts to promote a safe learning environment.

The university further disclosed that its Founder has introduced a ₦5 million reward for any female student who reports and provides credible evidence of sexual harassment or sexual assault involving any lecturer or staff member through the university’s established reporting channels. The management said the initiative demonstrates the institution’s commitment to addressing allegations of misconduct and protecting students.

MAAUN also rejected what it described as inaccurate claims circulating in connection with the matter. According to the management, reports alleging that a student was delayed for two years are false, noting that the university only recently graduated its first set of students.

The institution also dismissed claims that a postgraduate student was among the alleged victims. The management explained that MAAUN has not yet commenced postgraduate programmes, making such assertions factually incorrect.

The university urged members of the public and media organisations to verify information before publication and to refrain from referring to Dr. Nasa’i Gwadabe as a current member of staff, stressing that his association with the institution ended when his appointment expired in May 2026.

The management reiterated that MAAUN remains committed to upholding the highest standards of integrity, transparency, accountability, and academic excellence while continuing to enforce policies aimed at ensuring the welfare and safety of students and staff.

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