Alhaji Aliko Dangote, Chairman, Dangote Cement Plc, has restated his commitment to the economic empowerment of millions of Nigerians.
Dangote said this on Monday in Lagos during the presentation of gifts to winners in the ongoing Dangote Bag of Goodies National Consumer Promo.
The chairman, represented by Olakunle Alake, Group Managing Director, Dangote Industry Ltd., said that the promo would reward 21 million Nigerians with various gifts that would boost their source of livelihood.
According to him, the promo is to reward its valued customers for their unflinching support that has made Dangote Cement the first choice in building construction.
“The choice of gifts were carefully selected because of our desire to impact and change lives of winners,” he said.
Also, Mrs Funmi Sanni, Director of Marketing, Dangote Cement, said the promo was to reward consumers with life changing prizes in tandem with the company’s core values.
“Dangote Cement is touching lives in an amazing way. When we started, some people were sceptical that the gifts will be won by people connected to the company.
“But we have all come to see that ordinary Nigerians who were not expecting it have been beneficiaries of the star prize of cars,” she said.
Sanni said that the company had presented 21 cars out of the 43 cars to be won to winners, adding that more people still stand the chance of being rewarded with the remaining cars.
She disclosed that though the promo would end on Sept. 30, redemption of prizes across the country had been extended beyond the period.
The Nigeria News Agency reports that 27 people were rewarded with various gifts ranging from car, motorcycle, tricycle,
refrigerator and television set.
Mr Titus Jegede, a construction engineer who won a car, said that he was amazed at the gift, saying that it would be used to promote his company.
Some other winners were: Monday Ajose, who won a motorcycle and refrigerator; Sunday Abel, a tricycle; Aremu Kunle, a refrigerator, and Mr Wale Jinadu, a television set. (NAN)
Edited by Oluwole Sogunle
Dangote wins World Travel Market Award with CNN commercial
Barely a week after emerging the most admired brand in Africa, Dangote Industries Limited (DIL) has won another award through its television commercial on the Cable Network News (CNN) detailing its business processes.
The company said in a statement on Sunday in Lagos that Dangote Industries won “Most Compelling Agency Story” award by the World Travel Market (WTM) with its ‘Farm to Table’ commercial.
The commercial, which is part of the ‘Touching Lives’ documentary aired weekly on CNN, detailed the process of food metamorphosis from the farm as raw material to final process as food on the tables at home.
According to CNN International Commercial Account Executive, Varshmi Arasalingam, the award recognises powerful storytelling capabilities.
He affirmed that the Touching Lives Farm To Table campaign holds a prominent socio-economic impact for which Dangote Industries continues to empower and improve the lives of people in Africa.
“Dangote Industries is one the most diversified business conglomerates in Africa, with multiple entities impacting the daily lives of most of the continent’s population.
“Filmed and produced by CNNIC’s award-winning branded content studio Create, the campaign promotes Nigeria and the wider continent through the stories of real people, and focuses on the connections people have with each other, be it in their work and daily lives.
“The character-driven story helps to change perceptions and encourage global audiences to visit Nigeria (and the African continent more generally) so they can experience and understand its culture and hospitality.
“It also shows that we should not look at the travel and tourism as a narrow sector, but instead view it as part of a larger socio-economic project.
In his comment on the award, DIL Group Chief Branding and Corporate Communications Officer, Anthony Chiejina, said the management was delighted at the award and it only showed that the company was living up to its billing as the most diversified conglomerate in Africa.
He said the Commercial shot by the CNN which has won the award depicted the businesses of the company and gave vent to how we arrive at our mission statement of meeting the expectation of the people by providing for their basic needs.
“It simply demonstrates how it starts from the farm through which our people are engaged in every process before it gets to table at home.” he said.
Editing Wale Ojetimi
Security: Dangote Cement donates 35 operational vehicles to Lagos state
Mr Emmauel Ikhazobor, Non-Executive Director, Dangote Cement, presented the vehicles to the Lagos State Security Trust Fund, on Wednesday.
Ikhazobor said the gesture was part of the company’s Corporate Social Responsibility (CSR) activities.
He said that the donation was in appreciation of the efforts of Gov. Babajide Sanwo-Olu, for making the state more secure for people and investments.
Besides, he said that it was in response to the challenges to securing the state as a destination of choice to investors.
Ikhazobor also said that the donation was aimed at further strengthening public-private partnership in the state.
“We are all aware of the fact that security is essential to economic development. It remains one of the major demands of investors.
“We are presenting 35 saloon cars today to strengthen the operations of the Lagos State Security Trust Fund.
“We commend the government of the state for instituting a Trust Fund with the mandate of utilising donations from corporate bodies and individuals to equip the security agencies operating within the state.
“The donation of operational vehicles today is in continuation of our commitment to the promotion of security in Lagos state.
“As a socially responsible organisation, the security and well-being of our host communities remains utmost in our minds,” he said.
Receiving keys for the cars, Executive Secretary of the Fund, Dr Abdulrrazak Balogun, described the donation as a huge intervention from a private sector organisation.
Balogun said it was aimed at easing critical challenges of logistics and mobility faced by the security personnel in the state.
He expressed the appreciation of the state governor for the gesture and promised that the vehicles would be put to good use.
“The state government is particularly happy that Dangote Group has always been there for the state in the area of maintaining security of lives and investments,’’ he said.
He urged other corporate bodies to emulate the gesture by Dangote Cement in strengthening security in the state.
Edited By: Johnson Eyiangho/Oluwole Sogunle (NAN)
Dangote Cement donates 25 vehicles to Ogun Security Trust Fund
Presenting the vehicles to OSTF in Lagos, Mr Emmanuel Ikazoboh, Independent Non-Executive Director, Dangote Cement Plc, said the donation was informed by the need to boost the Fund’s operation, as security was essential to economic development.
“No investor will be willing to put funds in an economy where insecurity is rife with lawlessness and chaos the order of the day.
“We are major investors in Ogun State and as such we prefer a state of orderliness and sound security which allows businesses to thrive.
“I recall that our then Group Managing Director, Engr. Joe Makoju, made a pledge on behalf of the company to present operational vehicles to the Fund.
“As a corporate socially responsible organisation, the security and well-being of our host communities remain utmost in our minds,” he said.
The director explained that government alone could not continue to bear the full cost of meeting the expectations of the entire populace in the provision of basic necessities like health, education and security for the citizenry.
He stated that this gave rise to Public Private Partnerships, where private sector collaborates with public sector in the provision of essential services.
“Our desire to partner government or the public sector informed our interventions such as Itori-Ibese road, Apapa-Wharf road and Obajana-Kabba road.
“We are also at the forefront of combating the COVID-19 pandemic and have adopted several protocols such as social distancing, provision of temperature scanners, hand sanitisers, face masks and sick bays, designed to secure the health of our staff at the cement plants.
“We have also provided basic necessities to prevent infection and transmission of the virus in our plants,” he said.
Ikazoboh urged other corporate social bodies to partner with the Ogun Security Trust Fund through provision of necessary operational tools.
“This collective support, we believe, will go a long way to ensure adequate security for all stakeholders in Ogun State,” he said.
Responding, the Executive Secretary of the Fund, Mr Opeyemi Agbaje, commended the management of Dangote Cement Plc, saying that the gesture would go a long way to help the Fund achieve its core mandate of maintaining security with ease.
“When you do a fund raising, we are used to the Nigerian phenomenon, where it’s very easy to make a pledge and when it is time to redeem, it becomes difficult.
“We are happy that this is a fulfilment of a pledge made sometimes ago,” he said.
Edited By: Tayo Ikujuni/Wale Ojetimi (NAN)
Market capitalisation sustains growth on Nestle, Dangote Cement gains
Activities on the Nigerian Stock Exchange (NSE) remained upbeat on Thursday with the market capitalisation improving further by N110 billion following gains in Nestle and Dangote Cement.
Consequently, the market capitalisation which opened at N12.582 trillion rose by N110 billion or 0.87 per cent to close at N12.692 trillion.
Similarly, the All Share Index (ASI) grew by 210.88 points to close at 24,354.25 against 24,143.37 posted on Wednesday.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are Nestle, Dangote Cement, Nigerian Breweries, Conoil and Ardova.
Mr Ambrose Omordion, the Chief Operating Officer, InvestData Limited, attributed the persistent upward trend in the market enhanced buying interest to high dividend yield.
Omordion said investors were buying to increase their position in undervalued stocks ahead of dividend declaration and first quarter numbers.
He said that investors and traders were positioning amidst the changing sentiments, with the hope of improved liquidity and positive economic indices.
Market breadth closed positive with 21 gainers in contrast with 20 losers.
Royal Exchange recorded the highest price gain in percentage terms, increasing by 10 per cent, to close at 22k per share.
University Press followed with 9.80 per cent to close at N1.12, while Conoil rose by 9.77 per cent to close at N19.10 per share.
Ardova grew by 9.68 per cent to close at N15.30, while Consolidated Hallmark Insurance appreciated by 9.09 per cent to close at 36k per share.
Conversely, Linkage Assurance led the losers’ chart in percentage terms, dropping by 8.33 per cent to close at 44k per share.
Red Star Express followed with a loss of five per cent to close at N2.85, while Africa Prudential declined by 4.63 per cent to close at N3.71per share.
Sterling Bank lost 4.55 per cent to close at N1.26, while Fidson Healthcare shed 4.17 per cent to close at N2.30, per share.
Total volume traded increased marginally by 1.1 per cent with an exchange of 431.58 million shares worth N5.26 billion achieved in 5,860 deals.
This was in contrast with 426.64 million shares valued at N4.10 billion exchanged in 7,384 deals on Wednesday.
Transactions in the shares of FBN Holdings topped the activity chart with 115.57 million shares valued at N543.063 million.
Zenith Bank came second with 75.9 million shares worth N1.14 billion, while Guaranty Trust Bank traded 54.88 million shares valued at N1.22 billion.
Ecobank Transnational Incorporated sold 39.61 million shares worth N197.33 million, while Mutual Benefits Assurance transacted 30.97 million shares valued at N6.43 million.
Edited By: Bola Akingbehin/Oluwole Sogunle (NAN)
Dangote foundation donates N1.5bn to Nigeria/ UN COVID-19 basket fund
The UN in Nigeria announced the donation in a statement issued on Wednesday in Abuja.
According to the statement, ADF collaboration with the UN will booster the Nigerian Government’s efforts at strengthening the functional capacity of the healthcare systems and support to those affected by the novel coronavirus.
The statement quoted Alhaji Aliko Dangote, President and Chief Executive of Dangote Group and Chairman of the ADF, as saying that the contribution would support in the procurement of medical supplies.
“It is, therefore, critical that we act in solidarity as a private sector actor and as a foundation, to beat this common enemy.
“Our goal is to contribute to government’s ongoing efforts in tackling the spread of the coronavirus and the arising challenges,’’ Dangote was quoted as saying.
Stakeholders could channel their financial assistance to the multi-sectoral efforts of the Presidential Task Force on COVID-19.
It is done through a bilateral Memorandum of Understanding (MoU) or Contribution Agreement between individual donors and the fund.
A dedicated fund and project management structure for the Nigeria UN COVID-19 basket fund managed by UNDP acted as the secretariat to the project board and oversees disbursement of funds, procurement of services and goods as well as accountability.
While receiving the contribution on behalf of the UN in Nigeria, Mr Edward Kallon, UN Resident and Humanitarian Coordinator for Nigeria was quoted as saying that, winning the war against the virus would require the support of all.
He said Nigeria’s win against the coronavirus, required a whole-of-society approach that would bring all stakeholders on board to support the national response.
He further commended the Nigerian private sector for its active role in supporting the government, to mobilise the critical resources to tackle COVID-19.
“We need all hands on-deck to help the government to keep the healthcare systems working and be able to address the development challenges exacerbated by the pandemic,’’ the statement quoted him as saying.
According to it, ADF is also a founding member of CACOVID, the Nigerian private sector coalition against COVID-19 besides partnering with the UN in Nigeria in support of government’s COVID-19 response.
Edited By: Chioma Ugboma/Abdulfatah Babatunde (NAN)
COVID-19: Dangote Foundation hands over mobile testing centre to Kano
Zouerra Yousufu, representative of the Foundation, made the disclosure at the presentation of centre and other equipment to the state government on Sunday in Kano.
Yousufu disclosed that the centre was designed with 400 daily sample capacity, adding that 10 ambulances and six other vehicles were also donated to the state to ease movement and enhance referral.
“The centre with 400 testing capacity, we are planning by next week to commence testing of about 1,000 samples, and every issues related to the laboratory, Dangote Foundation will handle it.
“The laboratory which was conceived by a Nigeria, is aimed at speeding up testing of the COVID-19 samples in the state.
“Looking at the population of Kano, more mobile laboratories are coming, and we assured you that the foundation will continue to support the fight against the pandemic in the stare and Nigeria in general,” she said.
Gov. Abdullahi Ganduje commended the gesture, saying that it came at right time the state is working to address some of the constraints affecting laboratory testing of the pandemic in the state.
Ganduje said that the state has existing centres established by the Nigeria Centre for Disease Control (NCDC) ànd Bayero University Kano, adding that with the coming on board of the mobile centre donated by Dangote Foundation, the state would boost its testing capacity.
“With these centres, our work in fighting the pandemic will be more easier.
“I have to commend President Muhammad Buhari for ensuring the reactivation of the NCDC centre after it was shut down in the past week,” he said.
According to him, the mobile test centre would be located at the Muhammadu Buhari Specialist Hospital, Giginyu.
Ganduje urged the people to support government to contain the pandemic by adhering to medical advice and precautionary measures to prevent the spread of the disease.
He reiterated commitment of the agency to work with the state governments to control spread of the of the disease in Kano and the country in general.
Edited By: Rabiu Sani Ali (NAN)
COVID-19: Dangote donates mobile testing centre to Kano govt.
Alhaji Aliko Dangote, Africa’s richest businessman, has donated a mobile testing centre with the capacity to test 400 people for COVID-19 daily, to the Kano State Government.
Mr Abba Anwar, the Chief Press Secretary to Gov. Abdullahi Ganduje, made this known in a statement in Kano, on Saturday.
Anwar said that the donation was announced by Ganduje during a briefing of the State Task Force on COVID-19, held at the Government House, Kano.
He said: “As we are targeting more Testing Centres in the state, Alhaji Aliko Dangote, has donated a Mobile Testing Centre with the capacity to test 400 people daily. The facility is coming to Kano on Monday, May 4.
“Rising cases of positive COVID-19 patients, is a thing of great concern to the governor.
“Though we are aware that with the bouncing back of Aminu Kano Teaching Hospital Testing Centre, which has the capacity to test 88 samples per day and the testing centre at Bayero University, Kano, that can test 20 persons daily, there will be a rise in identified positive cases.”
Edited By: Tayo Ikujuni (NAN)
Dangote Cement’s N100bn bonds oversubscribed – Official
Mr Michel Puchercos, its Chief Executive Officer of the company, said in Lagos that the N100 billion bonds under its N300 billion bond programme, were 1.5 times oversubscribed.
Puchercos said book building with respect to the issuance commenced on April 3, following the approval of the Securities and Exchange Commission, and closed on April 15 at a coupon rate of 12.50 per cent.
He stated that the total order book amounted to N155 billion, noting that the landmark transaction was the largest ever bond issuance by a corporate organisation in Nigeria.
“Despite current market headwinds due to the COVID-19 pandemic, the transaction was extremely well received and attracted significant demand from a wide range of high-quality investors including domestic pension funds, asset managers, insurance companies, banks and international fund managers.
“The transaction represents the largest corporate bond issuance in Nigeria’s debt capital markets, reflecting Dangote Cement’s strong credit quality as well as the resilience of the Nigerian debt capital market despite current global challenges,” Puchercos said in a statement.
According to him, the transaction would enable the company to lower its average cost of debt and extend the average maturity of its debt.
He stated that the net proceeds of the offer would be used to refinance existing short-term debt previously applied towards cement expansion projects, working capital and general corporate purposes.
“It allows us to further broaden our sources of funding by accessing long-term debt at competitive costs from the capital market and builds further on the success of our domestic commercial paper programme.
“The success of this transaction, in the current challenging environment, illustrates investors’ continuous confidence in Dangote Cement’s strategy, strong cash generation and solid credit profile,” he added.
Puchercos said the bonds would be listed on the Nigerian Stock Exchange and the FMDQ Securities Exchange.
He explained that for the first time in the history of the Nigerian debt capital markets, investors would have the option of lodging securities with either the Central Securities Clearing System or the FMDQ Depository.
The News Agency of Nigeria reports that Stanbic IBTC Capital acted as the Lead Issuing House for the Series 1 Bonds.
Edited By: Bola Akingbehin/Salif Atojoko (NAN)
Dangote Group And SAP Collaborate to Achieve Achieve Digital Transformation in Record Time
With two of the continent’s most ambitious industrial projects underway, Nigeria’s Dangote Group has achieved the seemingly-impossible with an SAP-led digital transformation that was completed in record time.
“We want our Refinery to be not just the largest single train Refinery in the world but also the most modern and smart Refinery with the latest state-of-the-art technologies like SAP S4HANA 1909,” says Mr.Devakumar Edwin, Group Executive Director,Dangote Group.
According to Ramakrishna Potluri, Head – IT & Business Applications (Refinery), the Dangote Refinery and Fertiliser strategic business units upgraded their SAP landscape to SAP S/4HANA 1909 in mere six days. “The upgrade affected all three systems landscapes – development, quality assurance and production environments – and required excellent collaboration between the Dangote internal SAP Centre of Excellence team and the SAP HANA Enterprise Cloud teams. Despite being spread across four continents and three time zones, the project teams managed to work round the clock to achieve a full upgrade within six business days. The upgrade is important for our Oil & Gas businesses to enable with SAP’s latest IS-Oil industry solution”.
The Dangote Group is currently constructing the World’s largest single train Oil Refinery in the Lekki Free Zone near Lagos. The refinery will process up to 650,000 barrels of oil per day to produce 10.4 million tons of gasoline, 4.6 million tons of diesel and four million tons of jet fuel per year.
Commissioning of the Dangote Fertilizer plant is currently in its final stages in Lagos at the same location as the refinery. Once completed, it will be the largest in the world, with capacity for three million tons of fertiliser a year, enough to meet all domestic demand.
“This project required exceptional levels of support and collaboration and was driven by a highly-skilled and diverse team of specialists,” says Pedro Guerreiro, Managing Director, SAP Central Africa. “Through an on-going commitment to customer success during all stages of the implementation, the team was also able to help Dangote take major steps toward achieving their intelligent enterprise ambitions. The new system landscape will support the growth of these vital strategic business units for years to come.”
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- Yao Ming on CBA restart: “Everything is just beginning”
- Eastern forces quit Libyan capital after year-long assault
- Iraq confirms 672 new COVID-19 cases, 8,840 in total
- Lockdown: NSCDC in Kaduna arrest 21 suspects in hotels
- Angola redoubles border surveillance amid fears of reported Ebola cases in DR Congo
- Osun Assembly pledges improved public works, transportation
- Roundup: Young Japanese being hit by new wave of COVID-19 infections in Tokyo
- One NYPD officer stabbed, two shot in hand during attack
- Kudirat Abiola: Women Arise marks 24 years remembrance of late MKO’s wife
- UK new car sales collapse in May as lockdown continues to impact market
- 76% COVID-19 patients in Kano male – official
- FOMWAN condemns murder of Bello, seeks probe of cases
- C’River commissioner tasks newly elected LG chairmen on leadership
- Financial autonomy will radically transform state judiciary – Ex-NBA chairman
- COVID-19: NOA begins motorised sensitisation in Nasarawa
- Thai gov’t hints at allowing reopening of high-risk businesses for next phase of lockdown relaxation
- N3.9bn Light project: Kwara Legislature demands prosecution of Ahmed, Ogunshola
- Buhari mourns ex-Governor Bamidele Olumilua