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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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JAMB Arrests Two, Parent over Result Falsification

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By Yusuf Danjuma Yunusa

The Joint Admissions and Matriculation Board has announced the arrest of two candidates and a parent for falsifying 2026 Unified Tertiary Matriculation Examination results using Artificial Intelligence and other electronic tools.

The disclosure came as the board released scores for 632,788 candidates who sat the examination on Thursday, April 16.

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JAMB spokesperson, Fabian Benjamin, in a statement, said the suspects were apprehended for manipulating official SMS result notifications to fabricate or alter scores with the intent to deceive others, including parents and guardians.

“Currently, two candidates and one parent are in custody for engaging in result falsification using AI and other electronic means,” the statement read.

Benjamin warned that such conduct constituted a serious criminal offence and that the board would pursue all culpable persons to the full extent of the law.

He also cautioned candidates against tampering with result messages from JAMB’s official SMS platforms, 55019 and 66019.

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Group asks Governor Yusuf to appoint Ganduje’s daughter as Kano Deputy Governor

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A group has called on the Governor of Kano State to appoint the daughter of former Governor of Kano, Dr. Asiya Balaraba Abdullahi Umar Ganduje, as Deputy Governor.

The group, known as Haɗin Kan Jam’iyyar APC ‘Yan Dangole from Kano State, expressed its support for Dr. Asiya Ganduje to become the Deputy Governor of Kano State.

According to the group, Dr. Asiya Ganduje is a woman committed to serving the people, especially the youth, through various programs that have improved their lives.

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They stated that she has demonstrated competence and dedication in politics, contributing to opportunities for youth and women in areas such as education, skills acquisition, and self-reliance.

The group also emphasized that Dr. Asiya Ganduje possesses compassion and vision for improving the lives of citizens, while encouraging women to participate in politics and economic activities.

Furthermore, they praised her cooperative character and loyalty to party principles, saying this has made her a role model for women and youth.

In conclusion, the group declared that her appointment as Deputy Governor would help bring progress, unity, and prosperity to the people of Kano State.

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UTME 2026: JAMB to Release Day 1 Exam Results Today Before Midnight

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By Yusuf Danjuma Yunusa

The Joint Admissions and Matriculation Board (JAMB) has announced that the results of all candidates who sat for the 2026 Unified Tertiary Matriculation Examination (UTME) on Thursday, April 16, 2026, will be released on Friday, April 17.

Spokesperson of the board, Fabian Benjamin, announced this in a post on X, noting that an announcement would be made when the results are available.

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“This is to inform all candidates who sat for the 2026 UTME on Thursday, 16th April 2026, that their results will be released today before midnight. An official announcement will be made to the public and posted on this page as soon as the results are available. Thank you,” he wrote.

Scheduled to run through April 22, the examination is structured into four daily sessions beginning at 7:30 a.m. and ending at 6:00 p.m., a framework designed to manage the large volume of candidates and reduce congestion at Computer-Based Test (CBT) centres.

This year, nearly 2.2 million candidates are participating across 966 accredited centres, each expected to meet operational benchmarks such as functional computer systems, stable internet connectivity and electricity as well as adequately trained personnel.

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