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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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Imam of Jirgagu Friday Mosque Resigns, Cites Personal Reasons

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The Imam of Jirgagu Friday Mosque in Ningi Local Government Area of Bauchi State, Malam Murtala Jirgagu, has officially resigned from his position, citing personal challenges and the difficulty of balancing the responsibilities of the role with his daily life.

In a statement shared on his Facebook page, Imam Jirgagu described his resignation as the “easiest option” under the circumstances.

have resigned from my position as Imam, leading Friday prayers and the five daily prayers at this mosque in Jirgagu. I wish the next person whom Allah appoints to this position the best of luck,” he wrote.

He also emphasized that the appointment of an Imam is ultimately a divine decision and hinted that he will explain the reasons for his resignation at a later time.

When contacted for further clarification, Imam Jirgagu appealed for patience, stating that he would provide more details in the near future, citing personal preferences and considerations in his worldly affairs as part of his decision.

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Senator Shehu Sani Warns of Thugs’ Attacks at Political Events, Citing Personal Experience

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Senator Shehu Sani

 

Former Kaduna Central Senator, Shehu Sani, has issued a stark warning regarding political gatherings in Nigeria, cautioning that the sudden disappearance of security forces at such events could signal an imminent attack by hired thugs.

Sani, a well-known human rights activist and vocal advocate for democratic reforms, made this revelation in a recent post on his verified Facebook page.

He expressed concern about the hostile nature of Nigerian politics, emphasizing that violence from political opponents is a reality that aspiring politicians must anticipate.

“We have survived many thug attacks miraculously. For those who want to get into politics someday, factor in the violence by thugs from your opponents. That’s the way our hostile and toxic politics works,”he wrote.

His comments underscore long-standing concerns about political violence in Nigeria, where clashes between rival supporters, intimidation tactics, and disruptions at rallies remain common occurrences. The senator’s warning suggests that such violence is often orchestrated, with security forces conveniently withdrawing before the arrival of the perpetrators.

Shehu Sani, known for his fearless activism, has experienced political persecution firsthand. A staunch critic of military rule in the 1990s, he was imprisoned by General Sani Abacha’s administration during the struggle to restore democracy following the annulment of the June 12, 1993, elections. His political career has been marked by advocacy for human rights, transparency, and justice, earning him recognition both nationally and internationally.

As Nigeria continues its democratic journey, Sani’s message serves as a sobering reminder of the need for stronger measures to safeguard political events and ensure the safety of participants. Political violence remains a major challenge, raising questions about the role of security forces in protecting citizens rather than allowing intimidation tactics to prevail.

His statement is expected to reignite discussions on electoral integrity and the need for political reforms that address violence, voter intimidation, and the influence of political thuggery in Nigeria’s democratic process.

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Mamman Shata Incomparable to Rara in Hausa Music-Dr Tilde 

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Renowned academic and public affairs commentator, Dr. Aliyu Usman Tilde, has sparked a conversation on the legacy of Hausa music, asserting that the late legendary singer Alhaji Maman Shata Katsina remains unmatched in talent and artistic prowess. Dr. Tilde made this statement on his verified Facebook page, where he compared Shata’s contributions to those of contemporary Hausa musician Dauda Kahutu Rarara.

In his post, Dr. Tilde acknowledged Rarara’s efforts but emphasized that Shata’s influence and mastery of Hausa music are unparalleled. He wrote:

“Rarara yana kokari sosai amma fin Shata fa ba wasa ba ne, sai dai ga ‘yan zamani. Shata ya tattara abubuwa da yawa. Kuma sake samun opportunity na pioneer kamar nasa zai yi wuya. Shata kamar Sardauna ne a mulki. Wane wani gwamna.”*

(Translation: “Rarara is trying his best, but surpassing Shata is no small feat—except for the younger generation. Shata embodied many qualities, and finding another pioneer like him will be difficult. Shata is like Sardauna in leadership. Which governor can compare?”)

Maman Shata: A Pioneer in Hausa Music
Alhaji Maman Shata Katsina, who passed away in 1999, is widely regarded as one of the greatest Hausa musicians of all time. His music, deeply rooted in Hausa tradition, was known for its poetic storytelling, social commentary, and ability to capture the essence of the people’s experiences. Shata’s songs resonated across generations, earning him a revered status in Northern Nigeria and beyond.

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His ability to compose and perform spontaneously made him a household name, and his works remain influential in Hausa music today. Many consider him a pioneer whose impact on the genre is irreplaceable.

Rarara’s Influence in Contemporary Hausa Music
Dauda Kahutu Rarara, a modern-day Hausa musician, has gained popularity for his politically charged songs and vibrant performances. His music often reflects current political events, making him a significant figure in contemporary Hausa entertainment.

While Rarara has carved a niche for himself, Dr. Tilde’s statement suggests that his contributions, though commendable, do not match the depth and cultural significance of Shata’s legacy.

Dr. Tilde’s Literary Contributions
Beyond his commentary on Hausa music, Dr. Aliyu Usman Tilde is a distinguished writer known for his works in both **English and Hausa**. He has also written extensively in Fulfulde, contributing to the preservation and promotion of indigenous languages in Nigeria.

His insights into Hausa music reflect his deep understanding of the cultural and artistic heritage of Northern Nigeria, further solidifying his reputation as a thought leader in public discourse.

Public Reaction and Ongoing Debate
Dr. Tilde’s statement has reignited discussions among Hausa music enthusiasts, with many debating the contributions of both artists. While some agree that Shata’s legacy remains untouchable, others argue that Rarara has successfully modernized Hausa music, making it more accessible to younger audiences.

Regardless of differing opinions, one thing remains clear—Maman Shata’s influence on Hausa music is profound, and his legacy continues to shape the industry decades after his passing.

 

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