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Dangote Cement Shareholders Unanimously approve a 10% share Buy-back Programme

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Non-Executive Director, Dangote Cement Plc, Halima Aliko-Dangote; Chairman, Dangote Cement Plc, Aliko Dangote;  Group Managing Director, Dangote Cement Plc, Michel Puchercos; and Non-Executive Director, Dangote Cement Plc, Olakunle Alake at the Extraordinary General Meeting of Dangote Cement Plc, held in Lagos on December 13, 2022.

 

 

 

Shareholders of Dangote Cement, unanimously on Tuesday authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution.

The company had earlier indicated an interest in undergoing a share buyback programme, in respect of up to 10 percent of its issued shares, for the purpose of improving the company’s return on equity and its shareholders’ value, so as to facilitate the future long-term growth of the company.

The approval through voting, which was given at the company’s Extraordinary General Meeting, held in Lagos recorded a 100 percent approval from the shareholders, with many of them describing the exercise as very laudable and a win-win situation for them.

 

Among other resolutions, the shareholders authorised that the “Memorandum and Articles of Association of the company be amended (as applicable), upon completion of the share buyback, to reflect the company’s share capital, following the cancellation (if any) of the shares acquired and/or otherwise held by the company.”

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The Board was also authorised to ensure that the amendment of the Articles of Association of the company reflects the company’s share capital, following the cancellation (if any) of the shares acquired and/or otherwise held by the company.

 

It would be recalled that the Shareholders, at the company’s recent 13th Annual General Meeting (AGM), also commended the Management of the company for an impressive performance despite the economic challenges in the year under review.

 

Unanimously, they approved N20 per share for the year ended December 31, 2021, as against the N16 paid in the preceding year. That represented a 25 per cent increase in dividend compared to the 2020 dividend of N16.00 per share, reinforcing the Company’s commitment to maximising shareholder value. They also applauded the company for its drive in reducing unclaimed dividends of the company.

 

Dangote Cement in the year under review achieved its highest profit before tax in its history at N538.4 billion. Also, the Company recorded Group volumes of 29.3Mta, up 13.8 per cent. Exceptional EBITDA of N684.6 billion was achieved, up by 43.2 percent owing to strong cost control measures.

 

Chairman of the company, Aliko Dangote, said that “Over the last decade, Dangote Cement has recorded exponential growth across all areas.” According to him, “Group volumes are now at almost 30Mta, our capacity has tripled to 51.6Mta and we export cement from five countries across Africa.”

 

“As the volatile global environment propels us into a new era of uncertainties, we are fortunate that the last two years have taught us resilience, adaptability, and grit. These values are what we need to face in unpredictable times in the future.

 

“Dangote Cement remains the leading cement company in Africa, well-positioned for a positive and sustainable future. We are resolute in transforming Africa while creating sustainable value for our stakeholders,” Dangote added.

 

 

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2027 Elections: Ex-INEC Chair, Attahiru Jega, Warns Against Unchecked Use of AI

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By Yusuf Danjuma Yunusa

A former Chairman of Independent National Electoral Commission, INEC, Prof. Attahiru Jega, has called for proactive and robust safeguards to protect information integrity, as Nigeria moves closer to the 2027 general elections.

Mr Jega ‌‍‌‌⁠‍⁠⁠‍‌‍⁠‍‍‍‍‌made the call in Abuja at a National Summit on Artificial Intelligence (AI), Foreign Information Manipulation and Interference, FIMI, and Electoral Information Integrity.

Speaking as the chairman of the event, with the theme: “Beyond the Ballot: Safeguarding Electoral Information Integrity in the Age of AI”, Mr Jega noted that safeguarding electoral information against digital manipulation and malicious threats had become a critical task for all stakeholders.

While acknowledging that AI holds tremendous potential to improve efficiency and effectiveness in governance and electoral processes, he warned that it also carried severe negative uses that could undermine the integrity of elections.

“What is most important, of course, is how we prepare, anticipate these challenges and take appropriate measures, including setting up a framework of rapid response to address these,” he said.

Drawing from his participation in the 2024 Cambridge Conference on Electoral Democracy, Jega recommended that Election Management Bodies (EMBs) in Africa should consider deploying AI-driven tools, such as chatbots powered by officially-verified data.

He noted that such would allow citizens to quickly access accurate information and verify the authenticity of data being circulated.

“I understand that some African EMBs have seen the utility of this in checkmating or reducing the negative effects and the impact of misinformation and disinformation during elections.

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“And I would like to recommend that if INEC has not done so so far, it might be a useful issue to add to our discussions and to see as to how best to know it before the 2027 general elections,” he said.

The former INEC chairman noted that building trust and public confidence in the electoral process was important.

“The integrity of an election is so important and the building trust and ensuring that there is public confidence in what participants in the electoral process do, and other key stakeholders do, is very important,” Jega said.

He urged participants to leverage the summit’s platform to move beyond dialogue and develop actionable strategies, rapid-response frameworks and tactical solutions to secure the integrity of future elections.

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Declaring the workshop open, the Minister of Information and National Orientation, Mohammed Idris, said that the integrity of 2027 elections remained a shared responsibility, noting that every institution and every citizen had a role to play.

Mr Idris, who was represented by the Executive Secretary, Nigerian Press Council (NPC), Dr Dili Ezughah, said that the President Bola Tinubu led-administration recognised the importance of credible information environment to democratic stability.

While citing Nigeria’s National Artificial Intelligence Strategy, published in 2024, which provides a framework for responsible, critical and inclusive AI development and deployment, he stated the Tinubu administration also recognised the importance of credible information in strengthening Nigeria’s democracy.

“A significant demonstration of this commitment is the establishment of the UNESCO Category 2 International Media and Information Literacy Institute in Nigeria,” he said.

The minister said that Tinubu had demonstrated the commitment by signing the amended Electoral Act 2026 into law on Feb. 18, which provided for mandatory electronic transmission of polling unit results and recognised the time-tested results viewing portal.

He, however, said that technology alone could not guarantee public confidence in the electoral process, saying it should involve all stakeholders playing their expected roles.

“Electoral institutions must communicate clearly. Journalists must verify information and citizens must know where to obtain authentic electoral updates.

“I wish to emphasise that responsible journalism must not be mistaken for favourable journalism. The media must remain free to question government, political parties, candidates and public institutions, ensuring fairness and fair distinction between facts, allegations and opinions.

“We must also protect freedom of expression and the right to information.”

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Mahanga TV appoints former AREWA24 staff Zuwairiyah Girei as MD

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Mahanga TV, a Kano-based television station, has appointed former AREWA24 staff member Zuwairiyah Adamu Girei as its new Managing Director, bringing her more than 14 years of experience in Hausa-language television production and broadcasting to the organisation.

Girei was formally welcomed into her new role during a reception held at Mahanga TV’s premises in Kano on Monday, November 2, 2026, marking a new phase in the organisation’s growthe barely three months after its launch.

Speaking at the reception, Girei expressed excitement over her appointment, describing her experience at AREWA24 as a significant milestone in her professional journey.

She said she would draw on the knowledge and experience acquired during her time at the television station to strengthen Mahanga TV and drive it towards greater achievements.

“All the experience I have at AREWA24, I will bring here, and I think I will do extraordinary because I know what I have learnt there. I pray that we will see success beyond our expectations,” she said.

Outlining her vision for Mahanga TV, the new Managing Director said the organisation would look beyond Northern Nigeria and target audiences across Africa and the rest of the world.

She identified the large Hausa-speaking population as a major opportunity for the industry, noting that despite the challenges facing Hausa-language broadcasting, the sector has a substantial audience.

“We have over 60 million Hausa speakers in Nigeria, so I think we have a target audience we have to try to reach,” she said.

Girei said her leadership would focus on understanding audience expectations, introducing improvements and positioning Hausa productions for international recognition.

“Our thinking is pan-African; our thinking is the world. Our thinking is now how can Hausa film reach the Oscars. That is the thinking,” she said.

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Looking ahead to the next decade, she expressed her ambition to see Mahanga TV secure three to four Academy Awards, earn international recognition and become a household name among viewers across different age groups.

She said she envisioned a future where Mahanga TV would be the preferred television platform in homes, with both adults and children identifying with its programmes.

The Chief Executive Officer of Mahanga TV, Nuhu Abdullahi Balarabe, said Girei’s appointment was informed by the organisation’s rapid growth and the need for experienced leadership to sustain its progress.

Balarabe explained that he initially served as both Managing Director and CEO but decided to appoint a dedicated Managing Director to oversee the organisation’s daily operations and provide the leadership required to sustain its expanding activities.

He said the organisation needed someone who could provide consistent leadership and maintain its momentum as it continued to grow.

“She is well experienced, and I’m sure she will use that experience to take the organisation further from where it is,” he said.

Balarabe disclosed that Mahanga TV had recorded progress beyond its initial expectations within three months of launching, attributing the achievement to the dedication of its staff, consultants and advisers.

He said the organisation was expanding its content offerings through original productions and partnerships with independent producers to provide audiences with engaging programmes.

He also urged viewers to continue supporting the station and sharing feedback through its social media platforms and WhatsApp channel, assuring them that the organisation remained open to suggestions as it worked to improve its services.

Reaffirming the organisation’s broader ambition, Balarabe said Mahanga TV was committed to ensuring that Hausa stories, culture and experiences reached audiences across the world.

“We have a beautiful tale happening in Northern Nigeria, and I believe it is only we that can tell our own story. We want to make sure all our stories are told and they reach every part of the world,” he said.

Also speaking, Mahanga TV’s Creative Director and Brand Manager, Abdulbasit Abanikanda, described Girei’s appointment as a timely development that would strengthen the organisation’s management structure and provide better direction for its expanding workforce.

Abanikanda recalled that Mahanga TV started with a team of just three people but had since grown considerably, making the appointment of an experienced manager necessary to coordinate its activities.

He expressed confidence in Girei’s ability to advance the station’s creative vision, noting that her ambition of taking Hausa stories to audiences across the world aligned with the organisation’s objectives.

With Girei’s appointment, Mahanga TV aims to consolidate its early progress, strengthen its content production and expand the reach of Hausa storytelling, creating opportunities for Northern Nigeria’s stories, culture and creative talent to gain wider national and international recognition.

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Kano Governor Nominates Ex- Speaker, Spokesperson as Commissioners

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Kano State Governor, Abba Kabir Yusuf, has nominated his spokesperson, Sanusi Bature Dawakin Tofa, and a former Speaker of the State House of Assembly, Balarabe Sa’idu Gani, for appointment as commissioners.

The governor has forwarded their names to the Kano State House of Assembly for screening and confirmation.

The Assembly is expected to screen the nominees on Tuesday, November 3, 2026, at 10:00 a.m.

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In a statement issued on Monday, the Assembly’s spokesperson, Kamaluddeen Sani Shawai, said the legislature had received a formal communication from Governor Yusuf requesting the screening of the two nominees.

He added that the exercise would be conducted in accordance with the provisions of the Constitution of the Federal Republic of Nigeria.

Gani served as Speaker of the Kano State House of Assembly from 2003 to 2007, while Bature currently serves as the governor’s spokesperson.

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