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More Nigerians buy Dangote Cement, as sales volume rises by 26.1% to 4.6MT in first quarter of 2024
Nasiru Yusuf Ibrahim
Strategies adopted by Dangote Cement to increase sales and ensure an adequate supply of products to customers are yielding the desired results as domestic sales volume increased, by 26.1 percent to 4.6Mt in the first quarter of 2024.
According to the cement manufacturers’ unaudited results for the three months that ended, on April 30, 2024, the Nigerian operations volume rose significantly and positively affected the rise in the Group’s overall volume to 7.0 Mt.
The company recorded a Group revenue of N817.4 billion, even as profit after tax inched, up by 2.9 percent to N112.7 billion. Earnings per share closed the quarter at N6.68 representing an increase of 3.7 percent. As part of its sustainability programme, Dangote Cement commissioned ten of the 17 Alternative Fuel Projects across the Group.
Chief Executive Officer, of Dangote Cement, Arvind Pathak, in his comments on the results, said, “Driven by an uptick in economic activities, our Nigerian operations witnessed a strong rebound, with volumes up 26.1 percent to 4.6Mt in the quarter. Similarly, our pan-Africa operations continued an upward trajectory, with volumes up 3.1 percent to 2.7Mt, buoyed by increased sales in Zambia and Congo. Despite elevated cost pressures, increased borrowing costs, and a further currency weakening, our first-quarter results reflect our commitment to navigating challenges effectively.”
He added, “Group revenue more than doubled to ₦817.4 billion, while Group EBITDA rose 66.6 percent to ₦309.5 billion. Profit After Tax was up 2.9 percent at ₦112.7 billion. These results underscore our ability to adapt and thrive in a dynamic business environment while delivering value to our stakeholders.
During the quarter, we intensified our emphasis on exports, dispatching 7 ships from Nigeria to Ghana and Cameroon. As a result, our Nigerian exports surged by 87.2 percent, reflecting our commitment to expanding our presence in regional markets and capitalising on our export-to-import strategy.
We continue to prioritise innovation, cleaner energy transition, and cost leadership towards achieving our vision of transforming Africa and building a sustainable future”.
Dangote Cement is Africa’s leading cement producer with 52.0Mta capacity across Africa. A fully integrated quarry-to-customer producer, Dangote Cement has a production capacity of 35.25Mta in Nigeria. 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; 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.
In addition, the company has operations in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (2.0Mta clinker grinding and import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.5Mta import), South Africa (2.8Mta), Tanzania (3.0Mta), Zambia (1.5Mta).
Nasiru Yusuf Ibrahim
Home-based Super Eagles coach, Augustine Eguavoen has invited Kano Pillars legendary midfielder, Rabiu Ali, and 29 players for the African Nations Championship (CHAN) qualifiers against Ghana.
KANO FOCUS reports that the 8th edition of the continental championship – reserved exclusively for footballers plying their trade with clubs in their country’s domestic Leagues with standard contracts – is scheduled to take place in February 2025 in Kenya, Uganda and Tanzania.
Kano Pillars’ evergreen midfielder, Rabiu Ali, who has scored eight goals this season, is among the players called.
The 44-year-old Ali has been a key player for Kano Pillars this season alongside Super Eagles captain, Ahmed Musa.
Other Kano Pillars players invited are Aminu Adam Sani and Nelson Abiam.
All the invited players will arrive at the Remo Stars Sports Institute, Ikenne-Remo, Ogun State on Wednesday, 4th December 2024, where the team will train ahead of the first leg of the qualification fixture against Ghana’s Black Stars B, billed for the Accra Sports Stadium on Sunday, 22nd December.
The second leg will take place at the Godswill Akpabio Stadium, Uyo on Saturday, 28th December.
Nasiru Yusuf Ibrahim
Isa Haladu, the director, Planning, Research and Statistics Office of the Kano State Ministry of Health, has emerged as the co-chairperson, representing the government in the Kano State Accountability Mechanism (KanSLAM).
KANO FOCUS reports In a letter signed by Pharm Maimuna Yakubu, the Co-chair (CSOs) to Haladu, “the DPRS is recognized as the automatic Co-chairperson of KanSLAM.
“As a key player in this process, the DPRS’ office co-chairmanship will play an instrumental role in ensuring success of this partnership,” she said.
While officially presenting the letter to Haladu on Saturday at a KanSLAM review meeting at Joclarif Hotel in Zaria, Safiyanu Bichi a member of KanSLAM stated that Haladu’s emergence as the govt. co-chair will bring more development and opportunities for the SLAM.
In his remarks, the newly appointed government co-chairperson expressed his delight for being part of KanSLAM.
He stated that immediately he received the notification letter via email, he shared it with the Kano Commissioner of Health Dr Labaran Yusuf.
“I fully accept this responsibility and I am optimistic that this will facilitate in continuing the good work that KanSLAM has done in the past,” he said.
Haladu recalled how the SLAM transformed from Accountability Mechanism for Maternal and Child Healthcare in Kano State (AMMKaS) to KanSLAM, stressing that the SLAM is now enlarged and much more effective.
He added: “KanSLAM has contributed in the establishment of Private Health Institutions Management Agency (PHIMA), Kano State Contributory Healthcare Management Agency (KSCHMA), and Kano State Health Trust Fund (KHETFUND) and I believe more achievements are on the way.”
KanSLAM is a coalition of Civil Society Organisations, Civil Servants and Journalists advocating for improved service delivery in human capital development sectors.
Nasiru Yusuf Ibrahim
The Executive Vice Chairman of Nigeria Communication Commission (NCC), Dr. Aminu Maida has joined the Board of Directors of TMT advocacy body of the International Institute of Communications(IIC).
KANO FOCUS reports that currently serving as the EVC/CEO at NCC, Dr Maida plays a pivotal role in shaping Nigeria’s telecommunications landscape. Under his leadership, the NCC continues to advance connectivity, foster innovation, and promote a competitive and inclusive telecommunications industry.
Dr Maida’s career includes significant contributions to leading global organizations such as British Telecom, Cisco Systems, and EE Ltd. He was also a pioneering engineering team member at UbiquiSys Ltd, a groundbreaking small-cell technology startup acquired by Cisco Systems in 2013.
Prior to his current role, Dr Maida was the Executive Director of Technology and Operations at the Nigeria Inter-Bank Settlement Systems PLC (NIBSS). There, he spearheaded the modernization of Nigeria’s central digital payments infrastructure, reinforcing its role as a critical enabler of the country’s financial ecosystem.
Dr Maida holds a Ph.D. in Electrical and Electronic Engineering from the University of Bath, an MEng in Information Systems Engineering from Imperial College London, and a Postgraduate Diploma in Entrepreneurship from the Cambridge Judge Business School.
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