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Meet Dangote Cement’s New Chairman, Emmanuel Ikazoboh

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Africa’s richest man and founder of Dangote Cement Plc, Alhaji Aliko Dangote, has announced his retirement as a Director and the Chairman of the Board of Directors from July 25, 2025.

He is relinquishing his position as chairman and retiring from the board to focus more attention on the Refinery, Petrochemicals, Fertilizer and Government Relations.

The board of Dangote Cement Plc announced the appointment of Emmanuel Ikazoboh, an Independent Non-executive Director, as the new Chairman, Board of Directors.

Hajiya Mariya Aliko Dangote was also appointed to the Board of Directors of the Company while Prof. Dorothy Ufot retired from the Board.

Reputed as Africa’s leading investor, Aliko Dangote leaves giant footprints as he retires from the board.

His vision and tenacity redefined not just a company, but the entire cement industry landscape by becoming Africa’s largest cement producer and largest exporter of cement and clinker in sub-Saharan Africa.

Aliko Dangote’s journey with cement began with a bold dream: to make Nigeria and Africa self-sufficient in cement production.

Through strategic investments in state-of-the-art plants, and a commitment to local content, he not only met that goal but exceeded it.

Dangote Cement Plc has 52.0Mta capacity across African continent with Nigeria accounting for 35.25Mta. Currently, additional greenfield plants are coming up in Cote Ivoire (3.0Mta) and Itori, Nigeria (6.0 Mta) and on completion this year will push total capacity to 61.0Mta.

Under his leadership, Dangote Cement Plc recorded the highest revenue and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) in the history of the company.

According to the unaudited results for the six months ending June 30, 2025, the group revenue went up by 17.7 percent, from N1,760 billion at the same period in 2024 to N2,071.6 billion, representing the highest revenue in the history of the company.

Ikazoboh, in his acceptance speech, said he is truly honored to accept the role of Chairman of Dangote Cement Plc while pledging to uphold the highest standards of leadership and dedication in this role.

He described the company as a beacon of African enterprise, which has consistently demonstrated resilience, innovation, and a commitment to excellence.

Giving an insight into what his tenure holds for the company, he said: “My vision for Dangote Cement Plc is built upon a foundation of sustainable growth, operational efficiency, and unwavering commitment to our core values.

“We will continue to focus on the following key priorities, Operational Excellence, Strategic Expansion, Sustainability, Innovation and Community Engagement.”

Ikazoboh was the Group Chairman of Ecobank Transnational Inc., the Pan-African banking group. He started his professional career at Akintola Williams Deloitte.

He first became the Managing Partner for francophone offices in Cameroon and Côte d’Ivoire and later became the Managing Partner of the Deloitte firm in West and Central Africa until 2009.

In 2010 he was appointed by the Securities and Exchange (SEC) as an Interim Administrator to carry out capital market reforms of the Nigerian Stock Exchange (NSE) and the Central Securities Clearing System (CSCS) Plc.

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Onitsha Main Narket Comes Alive As Monday Sit-at-Home Eases

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The Onitsha main market in Anambra State, on Monday, recorded boisterous activities as traders and shop owners opened for business amid excitement.

The market had hitherto been without activity on Mondays following the sit-at-home order imposed by the Indigenous People of Biafra (IPOB) since August 2021 in protest for the release of Nnamdi Kanu from the DSS detention.

Governor Chukwume Soludo visited the market last Monday after the one week closure following traders’ failure to comply with the government’s directive to disregard the Monday sit-at-home order, expressed satisfaction over the large turnout of traders at the market.

However, reports said that as early as 7 am, trading activities had resumed fully at major sections, including the popular Emeka Offor Plaza, Lagos Line, Ado Line, Mandela Line, and White House Line of the market, with trading activities proceeding smoothly.

Also, a visit to the Fashion Line, Children’s Wear Line, Accessories Line, Egerton to Ose Foodstuff Market and The Young Park, a major entrance to the market, showed that many traders were back as early as 8:45 am, setting up wares with trading activities going on smoothly, unlike what it used to be in the past Mondays.

Activities at the adjoining markets, such as Ochanja and Relief markets, also recorded high turnouts as traders were seen engaging in one transaction or the other.

The market remained active, although with security personnel seen, unlike last Monday when there was a heavy presence of security personnel.

Some traders who spoke to journalists while displaying their wares and waiting for customers expressed excitement and hoped for more positive outcomes.

One of the traders at Emeka Offor Plaza, who gave his name as Michael Igwe, said: “We are happy with the development as commercial activities begin on Mondays after over four years. Monday is the most serious day for business, and we hope this is sustained.

“As the market reopens, we believe economic fortunes and glory that have been lost due to the Monday sit-at-home will be rekindled, and the market will be back on track.”

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Electoral Act: Make e-transmission Votes Public, Senator Ningi Urges Senate

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The Senate may release records of how lawmakers voted on the controversial electronic transmission of election results, Senator Abdul Ningi, who represents Bauchi Central, has said.

Ningi spoke on Channels Television’s Politics Today on Monday, ahead of the emergency plenary session scheduled for Tuesday, convened amid mounting public criticism over the Senate’s handling of the Electoral Act amendment.

Asked whether Nigerians could be allowed to see which senators supported or opposed real-time electronic transmission of results, Ningi said such disclosure was possible under the Senate’s rules.

“I think it’s possible. It depends on the presiding officer because the law provides that,” he said.

Explaining how the process could be made transparent, the lawmaker added: “You can stand up and say, ‘I, Ningi, I accept e-transmission in real time.’ I sit down. It’s recorded every other senator, and that is the only way we need to move forward.”

Ningi said the controversy surrounding the amendment was partly due to gaps in the official record of what transpired during deliberations.

“One thing that is very important is that the votes and proceedings have not been captured. So tomorrow (today), we need to look at what the votes and proceedings captured are. Is it a transfer?” he said.

He further questioned how the amendment to the electronic transmission clause was handled on the floor of the chamber.

“There was a motion for amendment by Manguno, and then the question was put. Who asked the question? Why was the question raised?” Ningi asked.

According to him, the matter required clearer deliberation before any decision was taken.

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Four Gospel Artistes Found Dead inside Lagos Music Studio

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A gospel musician, Matthew Ogundele, and three members of his crew, have been found dead inside a music studio in the Abraham Adesanya area of Ajah, Lagos State.

The other victims were identified as Itunu Ogundele, Joseph Sanya, and a blogger, Matthew Awosanya, popularly known as JoesTv.

Reports said that the deceased were invited to minister on Tuesday, the second day of a three-day birthday praise programme organised by fellow gospel artiste, Olanireti Akinbola.

Reports quoting a police source said the artistes arrived for the programme in the evening and performed late into the night.

Owing to the late hour, they reportedly decided to stay the night in the studio, where they were later discovered dead the following morning.

“The convener organised a three-day birthday praise which began on Monday. Matthew Ogundele and his crew were billed to minister on Tuesday. The programme lasted late, so they decided to sleep over in the studio. It was the next morning that information filtered in that their lifeless bodies had been found,” the source said.

A Christian blog, Omojesu, also reported the incident in a Facebook post, stating that the victims opted to stay overnight because of the distance between the studio and their homes.

“In pursuit of a better life, a blogger known as JoesMediaTv and three musicians were reportedly invited to perform at a virtual birthday praise event at a studio around Ajah. Due to the distance, they decided to sleep over. Sadly, they were said to have passed away in their sleep,” the post read.

The matter was subsequently reported at the Ajiwe Police Station, Ajah, while colleagues and friends of the deceased have taken to social media to demand justice.

Images circulating online show traces of blood around the noses, mouths, and ears of the victims, triggering public concern and speculation over the circumstances of their deaths.

Confirming the incident, the Lagos State Police Public Relations Officer, SP Abimbola Adebisi, said the case was reported on Wednesday by the studio owner, Akintayo Akinbola, who is also the husband of the celebrant.

According to her, Akinbola told the police that he left the artistes in his studio – located within the HFP Shopping Complex – on Tuesday night after buying food for them while they prepared for a music concert.

“He stated that the artistes returned to the studio with the food while he went home. However, at about 11am on Wednesday, he returned and discovered that the studio door was locked from inside.

“He raised the alarm, and the door was forced open. Upon entry, the lifeless bodies of the four artistes were found inside the studio,” Adebisi said.

She added that detectives immediately visited the scene and documented their findings, noting that no visible signs of violence were observed on the bodies.

“The corpses were taken to the Mainland Hospital, Yaba, where a medical doctor confirmed them dead. They were later deposited at the Mainland General Hospital mortuary for autopsy and preservation,” she said.

Adebisi also disclosed that the case had been transferred to the State Criminal Investigation Department, SCID, Panti, Yaba, for comprehensive investigation to determine the exact cause of death.

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