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Dangote Cement Grosses N413.2bn Revenue in first 3 months

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In the first three months of 2022 financial year, Dangote Cement has recorded a 24.2 per cent increase in its revenue and an 18 per cent increase in its profit after tax for the same period.
Unaudited results for three months ended 31st March 2022, showed a 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 of ₦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.
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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Amid Denials, ADC Reportedly Secures Rainbow Event Centre As Venue for National Convention

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Baring any last minute change, the leadership of the African Democratic Congress (ADC) under Senator David Mark and Rauf Aregbesola as National chairman and National Secretary respectively will hold the party’s National convention at the National Rainbow Event Centre in Garki on Tuesday, 14 April 2026.

The African Democratic Congress (ADC)  has being denied two venues without any cogent reasons despite early arrangements, according to sources.

First, it was alleged that the Abuja Transcorp Hilton Hotels, which was initially approached, turned down the ADC request to use it’s facility.

The ADC, having sensed sabotage, has kept the Rainbow Event Center under rap as it’s definite venue.

The last National Executive Committee (NEC) of the party was held at the same venue.

Located adjacent the Nigerian Police Force Headquarters, the event centre will host the second NEC meeting of the ADC and it’s forthcoming national convention.

According to The Guardian’ report, the ADC leadership has communicated the venue to state chapters with the caveat not to escalate it.

The ADC is in a battle of survival against the Independent National Electoral Commission (INEC) and has approached the Supreme Court for intervention.

The INEC national chairman Prof Joash Amupitan has suspended recognition of the David Mark-led ADC rendering a leadership vacuum in the party.

INEC said it’s decision was on the basis of an Appeal Court pronouncement that ordered statusquo ante-bellum be maintained.

Sources said the ADC has officially written the Inspector General of Police (IGP) Olatunji Disu for police protection, the Director of State Services and the Comptroller of Civil Defence Corps.

Reports say that why the venue is being quietly decorated moderately for the event, the ADC intends to fully move in the early hours of Tuesday.

The Guardian

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Shettima Lacks Respect, I Won’t Engage Him, Atiku Responds to VP’s Challenge

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Former Vice President, Atiku Abubakar, has hit back at incumbent Vice President Kashim Shettima over the latter’s poser over achievements in office, saying he won’t take the challenge because Shettima was disrespectful.

Shettima had reportedly challenged Atiku to provide details of eight projects he executed for the development of Northern Nigeria during his tenure as vice president for eight years, as well as name eight individuals he empowered while in office.

But, speaking in an interview with GTA Hausa podcast, Atiku said he would not engage the vice president on the matter.

“I will not respond to Kashim Shettima because he is disrespectful. I am older than him and I have more experience in governance than he does, so I will not respond to him,” he said.

The former vice president further argued that cultural values in Northern Nigeria discourage younger individuals from publicly challenging their elders in such a manner.

“It is not part of our tradition in the North to disrespect elders. You cannot look at someone who is above you in both age and accomplishments and start taunting him. That is not our tradition, so I won’t engage with him,” Atiku emphasised.

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2027: ADC Leaders Plan Massive Coalition Against APC, Tinubu

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There are indications that the ongoing dispute in the leadership of African Democratic Congress (ADC) may lead to the formation of a 10-party coalition, far bigger than what was initially envisaged, reports quoting sources close to the opposition have said.

The Senator David Mark-led leadership of the ADC was removed from the portal of the Independent National Electoral Commission (INEC) on account of what the election umpire said was its interpretation of the ruling of the Court of Appeal, which directed it to maintain status quo ante bellum in a suit involving the Mark-led executive and Nasiru Bala Gombe, a claimant to the national chairmanship seat of the party.

While Senator Mark-led team has argued that the said Bala Gombe lacks the locus standi to institute the suit or lay claim to the party’s chairmanship seat, having resigned his position in May 2025, INEC insisted it would no longer recognise either of the parties in the ADC.

Following the imbroglio, a source, however, said that those pushing the ADC might end up leading it to a bigger coalition, as the development has opened the eyes of many opposition leaders to the possibility of a broader coalition.

Last week, leaders of the ADC engaged a group of leaders from the Peoples’ Democratic Party (PDP), while it also engaged with leaders of the Peoples Redemption Party (PRP), aside from what was called ongoing cross-party discussions with the newly formed National Democratic Congress (NDC).

“What we are seeing is that the loss of ADC on one hand could be the gain of the opposition in this country. What those fighting the ADC don’t know is that you cannot keep the people silent when they are determined to exercise their rights of association. The ADC will be on the ballot in 2027 with a coalition bigger than earlier envisaged,” a source in the know stated.

The source stated that already, the ADC coalition looks good to benefit from the travails of the Tanimu Turaki-led PDP, as well as the resolve of members of other parties whose leaders believe they can benefit from a broad-based coalition in 2027.

It has earlier been reported that the attempt by the leaders of the ADC to rally a strong party behind the possible choice of former President Goodluck Jonathan or in the alternative, a Peter Obi/Rabiu Kwankwaso presidential ticket, is upsetting the ruling party, whose strategists were said to have activated cells of internal opposition within the emerging coalition.

A leader of the ADC, however, said that those pursuing the coalition party are surely pushing it into better things. The way things are going, we may end up with at least a 10-party coalition. That would be bigger than what we initially set out to do,” the source stated, adding that such a development would amount to a masterstroke against the ruling All Progressives Congress (APC) and the Independent National Electoral Commission (INEC), which he said had chosen to interpret the court ruling awkwardly.

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