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2022: Dangote Industries Wins FMDQ Largest Corporate Lodgment Award  

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Alhaji Aliko Dangote

 

 

 

 

In a blaze of honour, the Pan-African conglomerate, Dangote Industries Limited (DIL) and its Africa’s leading cement manufacturer subsidiary, Dangote Cement Plc were adjudged the Largest Corporate Bond lodgment on FMDQ in gold category and the 2022 Most Trusted Brand of the Year respectively.

 

On the back of the Largest Corporate Bond lodgment on FMDQ award came another recognition with the Dangote Group named as the Most Outstanding Conglomerate in Environmental Sustainability.

 

The cement giant came tops in the stock market for its unprecedented N116 billion Series 2 Bond issuance back in May this year.

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The FMDQ Gold Awards recognises excellence in Fixed Income, Currencies and Derivatives market. It also recognises demonstrated resilience and agility of the Nigerian financial markets participants and acknowledges the valuable efforts of the stakeholders and their participation in the FMDQ markets and across the financial market. It is also given to the corporate entity for the highest total bonds value admitted on FMDQ Depository.

 

During the annual Most Trusted Brand Award, organised by leading research firm Brand Health Ltd, Dangote Cement was chosen as the most trusted cement brand in a survey of 13,000 consumers.

 

The Chief Executive Officer, Brand Health Ltd, Emman Udowoima commended Dangote Cement for the achievement, describing it as a brand of trust and choice indeed. According to him “four out of ten consumers who took part in the study voted Dangote Cement as the Most Trusted Cement Brand in Nigeria. The popularity and the confidence in the brand is overwhelming as its closest rival scored just 12% while Dangote scored 41%.”

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Other cement brands with substantial mentions scored between 3% and 8%. Some of the elements of the survey include questions like ‘the brand that you feel most confident in, the brand that offers you what you want, the brand that offers highest quality, the brand that is distinctive, and the brand you would recommend to your friends and relatives.

 

Udowoima stated that about 13,000 respondents participated in the 2022 survey and were interviewed across 12 states in Nigeria including the Federal Capital Territory. The States are: Lagos, Oyo, Enugu, Abia, Akwa Ibom, Rivers, Plateau, Adamawa, Borno, Kaduna and Kano and the respondents were drawn from both urban and rural communities.

 

The survey, he said, used quantitative method to elicit responses from the consumers, and also focused on such demographics as gender – Male 50%, Female 50%; Social Class: AB 15%, C1 C2 40%, DE 45%; Age: 18-25, 30%, 26-35, 30%, 36-50, 25%, 51+ 15%.

 

He explained that “The Most Trusted Brands (MTB)” Awards was instituted in 2010 to reward brands that keep promises to the consumers. The award is an enabler for brands to do more for consumers, knowing full well that consumers either reward or punish brands according to their experiences.

 

The Dangote Industries Limited also received the award of the Most Outstanding Conglomerate in Environmental Sustainability. The award was given by the Environmental Sustainability Conference, Expo and Awards (ECOSEA) initiated by Brand Communicator, a frontline brands and marketing publication.

 

Joshua Ajayi, the convener of the conference and awards said, “corporate sustainability practices evolved rapidly in the country’s business space, from just being a cosmetic charity activity into organised sustainability needs built into a vision with specific goals.”

 

The award, which took place during the celebration of the organisation’s World Environment Day recently also gathered the best sustainability players to discuss various issues in sustainability during the conference themed Only One Earth: Building a Safer Environment.

 

Dangote Industries, a fully diversified conglomerate with annual group turnover of US$4billion has invested heavily in building a sustainable business which cuts across Cement, Sugar, Salt, Petroleum, Fertiliser and food.

 

Anthony Chiejina, the Group Chief Branding and Communications Officer at Dangote Industries thanked the organisers, describing the awards as another milestone in the Dangote Group’s business trajectory. He said it is a testament to the strategic business model being executed by the manufacturing giant, which is aimed at rejuvenating Nigeria’s economy and engendering developmental growth of Africa.

 

He expressed the assurance that the Dangote Group would not relent in its commitment to Africa’s development, adding that, “we will continue to impact lives positively through production of goods that meet the peoples’ need.”

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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.If you’d like, I can also rewrite this in a more newspaper-style format suitable for publication in Nigerian dailies, complete with a headline, byline, and dateline.

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CSOs Warn of Economic Hardship as CBN Revokes 46 Microfinance Bank Licences Nationwide

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A coalition of civil society organisations has expressed deep concern over the revocation of the operating licences of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), warning that the decision could worsen financial exclusion, weaken grassroots economic activities and inflict hardship on millions of Nigerians, particularly in Kano State.

The concern was contained in a joint statement signed by Comrade Bashir Shehu, Executive Director of the African Centre for Civil Rights, Social Justice and Good Governance (Convener), and Hajiya Lami Adamu Garba, Executive Director of the Centre for Women Development Initiative, Katsina (Co-Convener), on behalf of a coalition of eight civil society organisations.

The coalition noted that Kano State was among the worst affected by the licence revocation, with 13 of the affected microfinance banks located in the state out of the 46 licences withdrawn nationwide.

According to the statement, Kano previously had about 40 licensed microfinance banks, meaning that nearly one-third of the state’s microfinance institutions have now lost their operating licences.

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The organisations observed that the affected banks play a critical role in providing financial services to low-income earners, petty traders, small and medium-scale enterprises (SMEs), women, farmers and rural communities that are often excluded from conventional banking services.

They warned that the closures could lead to increased financial exclusion, disruption of small businesses, loss of public confidence in the microfinance sector, reduced access to credit and savings facilities, and broader socio-economic challenges in communities that rely heavily on microfinance institutions.

While acknowledging the CBN’s statutory responsibility to regulate the financial sector and ensure compliance with banking standards, the coalition stressed that regulatory actions should be implemented in a manner that also protects depositors, preserves public confidence and promotes financial inclusion.

The groups urged the CBN to review the decision where possible and work with relevant stakeholders to minimise the impact on affected communities. They also called on the Kano State Government, members of the National Assembly and the Nigeria Deposit Insurance Corporation (NDIC) to ensure that depositors’ funds are protected and that viable microfinance institutions receive the necessary support to strengthen their operations.

The coalition further advocated improved financial literacy programmes, enhanced regulatory guidance and capacity-building initiatives for microfinance banks, arguing that preventive reforms and institutional support would yield better long-term outcomes than actions capable of widening the country’s financial inclusion gap.

The organisations maintained that protecting access to community-based financial services remains essential to economic growth, poverty reduction and sustainable development, urging all relevant authorities to take immediate steps to safeguard the interests of affected Nigerians.

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Is N100,000 Worth the Risk?’ Nigerians React to Soldiers’ Salary Increase

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Chief of Army Staff Lt.Gen Waidi Shuaibu

 

By Yusuf Danjuma Yunusa

The Federal Government has approved a N51,000 monthly salary increase for Nigerian soldiers, raising their basic pay from N49,000 to N100,000, Minister of Defence Gen. Christopher Musa announced during an appearance on News Central TV earlier today.

The disclosure, while intended to signal the administration’s commitment to improving welfare for military personnel, has instead ignited a firestorm of criticism across social media platforms, with many Nigerians questioning whether the increment adequately reflects the dangers and sacrifices inherent in military service.

“When you consider the operational environment our troops operate in, the compensation must match the risk,” one commenter, Victor, suggested, proposing that soldiers’ basic salary should fall between N400,000 and N500,000.

The announcement has drawn particular scrutiny from citizens who note the disparity between the pay hike and the perilous conditions facing troops engaged in counterinsurgency operations across the country’s northeastern and northwestern regions.

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Social media users were quick to voice their discontent, with many questioning the scale of the increment.

“I don’t understand, the 100k is for feeding allowance or what?” asked Chinyere, reflecting widespread confusion about the nature of the increase.

Another commenter, Celestine, remarked with apparent sarcasm: “This must be in dollars.”

Niyoo David offered a more measured observation: “To them na achievement oo” — a comment suggesting the government views the increase as a significant accomplishment even as critics deem it insufficient.

Titilope highlighted the inherent contradiction: “So 100k is big money for the job with the highest risk?”

Some commenters, including Ahmad Abubakar and Yusuf Auwal, drew a direct connection between compensation and security outcomes, with both stating: “Now we know the meaning of Insecurity and its components” and “This is exactly the meaning of Insecurity,” respectively — remarks that appear to suggest inadequate pay contributes to the nation’s security challenges.

Despite the announcement, Gen. Musa acknowledged that the military remains underfunded relative to its operational requirements.

“The military is currently underfunded for it to meet its full operational needs,” the minister stated, without providing specific figures regarding the funding gap or detailing what additional resources would be required.

The admission raises questions about whether the salary increment, while representing a significant percentage increase of over 104 percent from the previous N49,000 base pay, will be sufficient to boost morale and recruitment in a force that has faced mounting casualties in ongoing counterterrorism campaigns.

The public discourse following the announcement has inevitably turned to the broader question of military compensation in Africa’s most populous nation, where insecurity remains a pressing concern across multiple regions.

As Nigerians continue to debate the adequacy of the N100,000 monthly salary, the question now being posed is: What is a fair wage for those who risk their lives in defence of the nation?

We ask our readers: How much do you believe a Nigerian soldier should be paid? Share your thoughts in the comments section below.

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