Featured

Dangote Cement’s Commitment to Climate Change Yields Dividend

Published

4 years ago

March 1, 2022

Eric

Dangote Cement’s commitment to environmental disclosures and sustainability is yielding the desired results with Carbon Disclosure Project (CDP) raising its rating from C to B- even as it proposes a dividend of N20 per share for the year ended December 31,2021.

The CDP is an international non-profit organization based in the United Kingdom which runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
CDP explained that it raised the rating as a result of the Company’s commitment to climate change. The upgrade clearly illustrates the progress made by Dangote Cement regarding commitment to transparency and mitigating its carbon dioxide footprint. This is one of the highest ratings in Sub-Saharan Africa and the only Nigeria company rated by CDP.
Chief Executive Officer of Dangote Cement Plc, Michel Puchercos, in his response to the development said: “We are pleased to be recognised for the progress that we are making in our environmental disclosures and sustainability. The CDP rating upgrade clearly illustrates the steps that Dangote Cement is taking in its commitment to transparency on climate and environmental issues.

According to him, the cement company is focused on making a positive difference, which is “why sustainability is at the core of every part of our business. In addition, our Alternative Fuel Project is at an advanced stage which aims to leverage waste management solutions, reduce CO2 emissions, and source material locally. This year, we co-processed 89,000 tons of waste representing a 60% increase over 2020.”

He added that Dangote Cement is focused on sound governance, saying, “we are leading the way with our commitment to sustainability and best practices. We are driven by the goal of achieving the highest level of governance and building a sustainable brand for all stakeholders. Transparency and consistency are at the core of every part our business culture.”

In its financials for full year ended December 31, 2021, Group sales volume for Dangote Cement stood at 29.3Mt, with Nigeria accounting for 18.61Mt while operations in other countries did 10.86Mt.

Group revenue was N1,383.6 billion for the full year, made up of N993.34 billion from Nigeria while revenue from across African plants was N397.32 billion, in contrast to the group revenue of N1,034.20 billion in 2020 which constituted of N719.95 billion from Nigeria and N318.68 billion from other African operations. Dangote Cement recorded a gross profit of N538.37 billion and after-tax profit of N364.44 billion. The directors have proposed a dividend of ₦20.00 per share.

Dangote Cement became the first Nigerian listed company to report its financial results using XBRL format with the IFRS taxonomy. Adopting XBRL reporting format will strongly benefit Dangote Cement’s existing and potential investors. It represents another step in continuing efforts to modernize and enhance transparency of, and access to, companies’ disclosures.

Dangote Cement Plc is sub-Saharan Africa’s largest cement producer with an installed capacity of 45.6Mta across 10 African countries and operates a fully integrated “quarry-to-customer” business with activities covering manufacturing, sales, and distribution of cement.

Dangote Cement has a long-term credit rating of AA+ by GCR and Aa2.ng by Moody’s due to its market leading position, significant operational scale and strong financial profile evidenced by the company’s robust operating and net profit margins relative to regional and global peers, adequate working capital, satisfactory cash flow and low leverage.

Dangote Cement is a subsidiary of Dangote Industries Limited, a diversified and fully integrated conglomerate as well as a leading brand across Africa in businesses such as cement, sugar, salt, beverages, and real estate, with new multi-billion-dollar projects underway in the oil and gas, petrochemical, fertiliser and agricultural sectors.

Featured

Presidency Releases Postings of Ambassadors-designate

Published

21 hours ago

March 6, 2026

Eric

President Bola Ahmed Tinubu has approved the postings of 31 career and 34 non-career ambassadors to various countries and the United Nations. The Senate confirmed the ambassadors-designate last December.

POSTINGS OF NON-CAREER AMBASSADORS / HIGH COMMISSIONERS
S/N NAME MISSION APPROVED

1. SENATOR GRACE BENT: LOME-TOGO

2. SEN. ITA ENANG: SOUTH AFRICA

3. IKPEAZU VICTOR: SPAIN

4. NKECHI LINDA UFOCHUKWU: TEL-AVIV, ISRAEL

5. MAHMUD YAKUBU: QATAR

6. PAUL OGA ADIKWU: THE VATICAN CITY HOLY SEE

7. VICE ADMIRAL IBOK-ETE EKWE IBAS: THE PHILIPPINES

8. MR. RENO OMOKRI: MEXICO CITY, MEXICO

9. HON. (ENGR.) ABASI BRAIMAH (FMHR): BUDAPEST, HUNGARY

10. MRS. ERELU ANGELA ADEBAYO: PORTUGAL

11. BARR. OLUMILUA OLUWAYIMIKA AYOTUNWA: TOKYO, JAPAN

12. RT. HON. UGWUANYI IFEANYI LAWRENCE: ATHENS, GREECE

13. BARR. CHIOMA PRISCILLA OHAKIM: WARSAW, POLAND

14. AMINU DALHATU: UNITED KINGDOM, UK

15. LT. GEN ABDULRAHMAN BELLO DAMBAZAU: BEIJING, CHINA

16. HON. TASIU MUSA MAIGARI: GAMBIA

17. OLUFEMI PEDRO: AUSTRALIA

18. BARR. MUHAMMED UBANDOMA ALIYU: ARGENTINA

19. LATEEF KAYODE ARE: USA

20. AMB. JOSEPH SOLA IJI: RUSSIA

21. SEN. JIMOH IBRAHIM: UN PERMANENT REPRESENTATIVE

22. FEMI FANI KAYODE: GERMANY

23. PROF. ISAAK FOLORUNSO ADEWOLE: OTTAWA, CANADA

24. AJIMOBI FATIMA FLORENCE (F): AUSTRIA

25. MRS. LOLA AKANDE (F): SWEDEN

26. AYODELE OKE: FRANCE

27. YAKUBU N. GAMBO: SAUDI ARABIA

28. SENATOR PROF. NORA LADI DADUUT: SEOUL, SOUTH KOREA

29. BARR. ONUEZE CHUKWUJIKA JOE OKOCHA SAN: DUBLIN

30. DR. KULU HARUNA ABUBAKAR: TUNIS, TUNISIA

31. RT. HON. JERRY SAMUEL MANWE: PORT OF SPAIN, T&T

POSTINGS OF CAREER AMBASSADORS / HIGH COMMISSIONERS LIST
S/N NAME MISSION APPROVED

1. AMB. NWABIOLA EZENWA CHUKWUMEKA: COTE D’IV/OIRE

2. BESTO MAIMUNA IBRAHIM: NIAMEY-NIGER

3. MONICA OKWUCHUKWU ENEBECHI: SAO TOME, STP

4. AMB. MOHAMMED MAHMUD LELE: ALGIERS-ALGERIA

5. ENDONI SYNDOPH PAEBI: OUAGADOUGOU-BURKINA FASO

6. AHMED MOHAMMED MONGUNO: CAIRO EGYPT

7. AMB.JANE ADAMS (NEE OKON) MICHAEL (F): KINGSTON-JAMAICA

8. AMB. CLARK-OMERU ALEXANDRA (F): LUSAKA-ZAMBIA

9. CHIMA GEOGGREY LIOMA DAVID: BAMAKO-MALI

10. AMB. ODUMAH YVONNE EHINOSEN: MALABO –E/GUINEA

11. AMB WASA SEGUN IGE: BEIRUT, LEBANON

12. RUBEN ABIMBOLA SAMUEL (F): ROME, ITALY

13. AMB.ONAGA OGECHUKWU KINGSLEY: MAPUTO, MOZAMBIQUE

14. AMB.MAGAJI UMAR: KINSASHA, DR CONGO

15. AMB.MUHAMMAD SAIDU DAHIRU: NEW DELHI-INDIA

16. AMB. ABDUSSALAM HABU ZAYYAD: DAKAR-SENEGAL

17. AMB SHEHU ILU BARDE: ACCRA GHANA

18. AMB.AMINU NASIR: ETHIOPIA

19. ABUBAKAR MUSA MUSA: N’DJAMENA, CHAD

20. AMB. HAIDARA MOHAMMED IDRIS: THE HAGUE-NETHERLANDS

21. AMB.BAKO ADAMU UMAR: RABAT-MOROCCO

22. AMB. SULU GAMBARI OLATUNJI AHMED: MALAYSIA

23. AMB.ROMATA MOHAMMED OMOBOLANLE (F): TANZANIA

24. AMB. SHAGA JOHN SHAMAH: BOTSWANA

25. SALAU, HAMZA MOHAMMED: TEHRAN, IRAN

26. AMB.IBRAHIM DANLAMI: KENYA

27. IBRAHIM ADEOLA MOPELOLA (F): COTONOU-BENIN

28. AMB.AYENI ADEBAYO EMMANUEL: BRUSSELS, BELGIUM

29. AMB.AKANDE WAHAB ADEKOLA: BERNE-SWITZERLAND

30. AMB. AREWA (NEE ADEDOKUN) ESTHER (F): WINDHOEK-NAMIBIA

31. AMB.GERGADI JOSEPH JOHN: LIBREVILLE-GABON

32. AMB. LUTHER OGBOMODE AYO-KALATA (F): SIERRA LEONE

33. DANLADI YAKUBU NYAKU : KHARTOUM-SUDAN

34. BELLO DOGON-DAJI HALIRU: BANGKOK, THAILAND

The Ministry of Foreign Affairs has already received agrément from the United Kingdom for the High Commissioner-designate, Ambassador Aminu Dalhatu. Similarly, France has sent the agrément for Ambassador Ayo Oke.

The Ministry has also conveyed the nominations of the other 62 designated envoys to all the countries concerned, including a request for their agréments in line with standard diplomatic practice.

President Tinubu has directed that the Ministry of Foreign Affairs should immediately commence the induction programme for the ambassadors-designate and High Commissioners.

Bayo Onanuga,

Special Adviser to the President,

(Information and Strategy)

March 6, 2026.

Featured

Mike Ozekhome Celebrates Obasanjo at 89, Says Former President Wiser with Age

Published

1 day ago

March 6, 2026

Eric

By Eric Elezuo

Constitutional and human rights lawyer, Prof Mike Ozekhome, has felicitated with former President Olusegun Obasanjo, as he Celebrates 89 years of life, saying the ex-head of state has grown wiser with age.

Ozekhome made the remarks in a birthday tribute he wrote, and made available to The Boss, stressing the octogenarian is a living legend and a human prodigy, among a catalogue of honours he bestowed on him.

Ozekhome’s full text of goodwill message is presented as follows:

“As Chief Olusegun Obasanjo GCFR, Ph.D, former military Head of State and later President, Commander-In- Chief of the Armed Forces of the Federal Republic of Nigeria marks his 89th birthday, it is proper to pay tribute to this remarkable living legend and human prodigy. My writeup on him at 87, two years ago was aptly titled, “OBJ, Please, Remain OBJ”. And he has remained true to himself – weaving, bubbling, speaking, traveling, lecturing and still dancing and playing football. What a homo sapien!

“Baba Obasanjo is a beacon of hope, a symbol of integrity, and a champion of Nigeria’s progress. His legacy as a distinguished elders statesman,uncommon leader, and irrepressible nation-builder is permanently etched on marble.His contributions to Nigeria’s growth and development are simply unquantifiable.

“I recall him singing my birthday song and cutting my birthday cake at ABUAD’s 10th Convocation Lecture 4 years ago after I delivered the Convocation lecture and received a doctorate degree (honoris causa) in law (LL.D). His achievements are simply ineffable, including military exploits, authorship of over 20 books, and an unwavering commitment to democracy and good governance.

“One cannot forget that OBJ played a major role when he accepted on behalf of Nigeria, the mantle of surrender by General Phillip Effiong on behalf of the Biafran army, thus ending a 30 months needless, bloody civil war that consumed over 3 million lives with attendant suffering and destitition. “Your wisdom, vision, and leadership are needed now more than ever,” I had written two years ago, describing him thus: ‘Please, OBJ, remain OBJ – a true icon, a guiding light, and a hero of our time.’

“Baba’s leadership has left an indelible mark on Nigeria, inspiring generations not only in Nigeria and Africa, but within the entire black race. As an international figure, his voice resonates even as his rare wisdom and experience are globally sought, leading to his epic position as Co-Chairman of the Inter-Action Council of former Heads of State and Government.

“Some of his many books, including “My Watch” and “The Art of Leading”, are loud testaments to his deep thinking and intellectual prowess.

“Very often, he speaks truth to power, advocating for justice, fairness, and equality for all, damning the consequences.

“OBJ’s life reminds us that we all have a role in shaping our country’s future.

“Seest thou a man blessed round and round by God in all ramifications; nurtured in humble beginnings, but attained the height of a living sage and deity? A man since inducted into the pantheon of heroes of modern day Nigeria, bestrididing the military, democratic and governance worlds of Nigeria? That is legendary OBJ.

“As Baba marks this 89th milestone birthday, I pray that God grants him many more years ( Gen 6:3) of good health, fulfillment, happiness, and peace that passeth all understanding ( Phil 4:7). Amen.”

Featured

Akinwumi Adesina Celebrates Obasanjo at 89

Published

2 days ago

March 5, 2026

Eric

By Eric Elezuo

Immediate Past President of African Development Bank (AfDB), Dr Akinwumi Adesina, has celebrated former President Olusegun Obasanjo, on his 89th birthday.

In the statement the former Minister of Agriculture signed on behalf of himself and his wife, he noted that Obasanjo is a man of wisdom, foresight, courage and boldness among other qualities.

The statement titled, Happy Birthday: President Olusegun Obasanjo, GCFR, at 89, is presented as follows, in full:

Today, we celebrate a man who walks across generations like a bridge between time and destiny – a leader whose credibility is unquestioned and whose respect knows no borders.

A man of wisdom, rich with insight. A man of courage, who steps boldly into the battlefields of ideas and argument, unafraid to speak, unafraid to stand, unafraid to be counted.

In the public square he cannot be silenced. He does not merely ruffle feathers – he pulls them out, speaking truths that are sometimes uncomfortable, yet always necessary, driven by an unwavering devotion to truth, equity, and justice.

Disciplined in thought. Disciplined in action. Disciplined in judgment.

When conflict rises and storms gather over nations, the world turns to voices of wisdom— and among those voices uniquely stands President Obasanjo.

A leader who dares to walk where others hesitate. A man who speaks to the mighty without fear and lifts the weary without condescension— challenging the powerful to do what is right, while urging the humble never to lose hope.

An indefatigable spirit, whose optimism refuses to drown in the tides of despair, rising ever higher with a familiar refrain echoing across years: “We will get it right.”

A defender of the weak. A reconciler of enemies.

A soldier who walked through the fires of war and emerged a builder of peace, a bridge for peace, a reconciler of differences, and a defender of the weak.

The Yoruba adage reminds us: “An elder cannot stand in the marketplace and watch the head of a baby slump on the back of its mother.”

Baba Obasanjo is an elder among elders. He will not only warn the mother to secure the child— he will help her do it. And if the knot still loosens, he will do what only the truly responsible elder does: lift the child himself and carry the infant upon his own back.

A man whose memory is sharp as history itself— remembering dates, details, and moments with the precision of a living archive.

And yet, beyond titles and offices, beyond uniforms and presidential seals, he remains something greater:

A father not only to his own, but to many. To a nation. To a continent.

The Baba of Africa. The Baba of the world.

Today, as you turn 89, we celebrate not only the years you have lived but the lives you have touched, the conflicts you have calmed, and the courage you have inspired.

May God continue to grant you strength, health, and vitality.

May your voice remain strong, your wisdom undimmed, your presence a guiding light for generations yet unborn.

For in the long march of time, you stand as one of its wisest elders.

The timeless Baba.
Happy 89th Birthday.
Hearty congratulations!

Dr. Akinwumi A. Adesina, CON, C.G.H. (‘Akin 45’) and Grace Oluyemisi Adesina (“Yemisi 55”)