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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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EFCC Secures Arrest Warrant for Former Humanitarian Minister, Permanent Secretary

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By Yusuf Danjuma Yunusa

A High Court of the Federal Capital Territory in Abuja has ordered the arrest of a former Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, following her failure to appear for arraignment.

Justice Jude Onwuegbuzie issued a bench warrant for the ex-minister on Thursday after the prosecution informed the court that she had repeatedly failed to attend proceedings. The judge also ordered the arrest of Bashir Alkali, a former Permanent Secretary in the ministry, who is facing trial alongside Farouq.

The Economic and Financial Crimes Commission (EFCC) is prosecuting the two defendants on a 21-count charge that includes criminal breach of trust, abuse of office, and diversion of public funds. According to the anti-graft agency, the alleged sums involved are approximately $1.37 million and ₦748 million.

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At the resumed hearing, EFCC counsel Rotimi Jacobs (SAN) told the court that the defendants had been granted administrative bail and served with the charges. “However, they have failed to appear before this honourable court for their arraignment,” he said.

Jacobs added that efforts to secure their attendance had proved unsuccessful, with only one of the defendants present in court. He also drew the court’s attention to the former minister’s failure to return her international passport after being permitted to travel abroad for medical reasons. “The first defendant has failed to return her international passport after travelling abroad on medical grounds, and no medical report has been presented before this court to justify her absence,” Jacobs stated.

Defence counsel Abdul Ibrahim (SAN) attributed his client’s absence to ill health and urged the court to consider an affidavit to that effect. He further requested a six-week window to produce the former minister in court.

Justice Onwuegbuzie rejected the request and granted the prosecution’s application for a bench warrant.

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Dangote Spotlights Refinery, Vision 2030, Others, At Nasarawa Trade Fair

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Regional Director/Senior Adviser to Aliko Dangote, Fatima Wali-Abdurrahman.

 

Africa’s leading conglomerate will feature its flagship Dangote Refinery and Petrochemical Company at the 2026 Nasarawa Trade Fair, which will be officially declared open by the State Governor, Abdullahi Sule, on April 20.

Dangote Industries Limited will also showcase its Vision 2030, which focuses on driving innovation and Africa’s industrialization.

The Dangote Group is the major sponsor of the Nasarawa Trade Fair and Exhibition (NASTFE) with the theme: Unlocking Industrial Synergy: Deepening the Value Chain and Driving Inclusive Growth in Nasarawa State.

A statement from the company’s spokesman, Anthony Chiejina, said other Strategic Business Units of the company will be participating at the annual event in the state capital, Lafia.

Anthony Chiejina stated that products to be featured at the Fair will include those from the Group’s Strategic Business Units, such as Dangote Cement, Dangote Sugar, Dangote Salt and seasonings, Dangote SinoTruk, Dangote Packaging, and Dangote Fertiliser.

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The statement quoted the Regional Director/Senior Adviser to Dangote Group President, Fatima Wali Abdurrahman, as saying that Nasarawa State is key to the Group’s overall investment in Africa.

“It is home to Dangote’s Nasarawa Sugar Company Limited (NSCL). The sugar project, when completed, will be one of the biggest sugar investments in Africa,” she said.

Mrs. Wali-Abdurrahman noted that the Trade Fair provides a valuable platform for the company to engage with key stakeholders and Nigerians interested in exploring business opportunities with the organization.

She stated that a dedicated Help Desk will handle inquiries, enabling the company to effectively engage participants on the Dangote Group’s Strategic Business Units.

Speaking to newsmen in Lafia, Chairman and Council members of the Nigeria Association of Small-Scale Industrialists (NASSI), Nasarawa State Chapter, Nidan Sambo Manasseh, said the theme for this year’s Trade Fair aptly aligns with Dangote Group’s vision.

“We align strongly with the vision of Aliko Dangote, whose leadership continues to shape Nigeria’s economic future. His focus on industrialization, local production, and value creation inspires our efforts to connect MSMEs to structured value chains.

“Through this partnership, we are building a bridge between grassroots businesses and large industries, driving inclusive growth,” he said.

He said the third edition of NASTFE is designed as a practical business, industrial, and human capital development platform, adding that it is not just an exhibition.

According to him: “A major highlight of this year’s programme is the Empowerment Skill Acquisition Programme (ESAP), now structured as a package project for sponsorship support.

“ESAP is a yearly initiative from July-December targeting 2,000 beneficiaries across the 13 Local Government Areas of the State.

“The programme is strategically designed as a mobile training system, moving from one Local Government to another to ensure inclusive grassroots participation.”

Speaking on the Dangote Group’s Vision 2030, he said: “Our strategy is to align local enterprise development with large-scale industrial systems.”

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Al-Istiqama University Secures Full Accreditation for 11 Academic Programmes

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The Management of Al-Istiqama University, Sumaila, Kano State, is pleased to announce that the National Universities Commission (NUC) has granted Full Accreditation status to a total of eleven (11) academic programmes following the comprehensive accreditation exercise conducted in November and December 2025.

According to the official report released by the NUC, the programmes were assessed based on the Core Curriculum and Minimum Academic Standards (CCMAS), with emphasis on curriculum content, quality of academic staff, physical facilities, library resources, and employers’ rating.

The programmes granted Full Accreditation are:

Faculty of Health Sciences:
• Community Health Science
• Nursing Science
• Public Health

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Faculty of Arts, Social and Management Sciences:
• Shari’ah
• Criminology and Security Studies
• International Relations
• Sociology

Faculty of Science and Computing:
• Biology
• Biotechnology
• Computer Science
• Software Engineering

This achievement affirms the University’s unwavering commitment to delivering quality education and reflects the dedication and professionalism of its academic and administrative staff in building a centre of excellence. With this development, all accredited programmes have secured full recognition for a period of five (5) years.

The Management expresses its profound appreciation to the Founder, Senator Sulaiman Abdurrahman Kawu Sumaila, OFR, Ph.D., the Governing Council, Faculty Members, Heads of Departments, staff, and students for their collective efforts and commitment, which made this milestone possible.

Al-Istiqama University remains resolute in sustaining and further enhancing the high standards that have earned it this prestigious recognition.

Signed:
Professor Abdulhadi Sale Kumurya
Vice-Chancellor
Al-Istiqama University, Sumaila, Kano State

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