News
Dangote cement export of clinker, cement increase by 87.2%
Nasiru Yusuf Ibrahim
Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker- from Nigeria to Ghana and Cameroon and that the export, for the first quarter of 2024 increased by 87.2 per cent at 264kt.
KANO FOCUS reports that while the company commissioned 10 of the 17 Alternative Fuel Projects across the Group, the local demand for cement, in the same period under review in Nigeria increased significantly by 26.1 per cent to 4.6Mt and the overall group volume rose by 12.3 per cent to 7.0Mt, for the first quarter of 2024.
Chief Executive Officer, of Dangote Cement, Arvind Pathak, in his comments on the first quarter results, said: “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%, 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”.
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.
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
The Vice Chancellor of Bayero University, Kano (BUK), Professor Sagir Adamu Abbas, has announced the reintroduction of remedial programme which was suspended over a decade ago.
KANO FOCUS reports that the Vice Chancellor announced the plan at the 59th Congregation meeting of the university on Saturday.
The Vice Chancellor highlighted the key factors that prompted the reintroduction including the decline in enrolment in Basic Science programmes.
He said the University has observed a noticeable decrease in student enrolments in these areas, and the remedial programme is expected to address this challenge by preparing students for science-based courses.
The Vice Chancellor pointed out that many prospective students from the University’s catchment area struggle to meet entry requirements for science programmes.
The remedial programme will provide these candidates with the necessary academic support to address their deficiencies, thereby increasing their chances of gaining admission into the University.
“We appreciate your support as we work towards reinstating this vital programme, which promises to enhance the academic prospects of our students and contribute to the overall development of Bayero University, Kano,” the Vice Chancellor stated.
KANO FOCUS reports that the reintroduction of the remedial programme is seen as a strategic move to bolster academic performance and widen access to higher education for students within the University’s catchment area.
Nasiru Yusuf Ibrahim
Tsakuwa Mufarka Development Association appealed to Kano state government to construct a library and renovate the science laboratory at Tsakuwa Senior Secondary School.
KANO FOCUS reports that the secretary of the association, Comrade Abdulrashid Salisu Babah made the request during 2025 budget public hearing held on Thursday.
State Assembly
According to the secretary of the association, Taskuwa Mufarka is calling on Kano state government to construct a road from Tsakuwa to Lahira, Tsakuwa to Sabon Garin Dalladi to Mazabar Gano, Tsakuwa to Mazabar Yargaya, as well as installation of two transformers.
“We are also appealing for the provision of solar-powered lights and sick bay at Tsangaya Islamiyya Boarding Primary School among others.
Kano State House of Assembly
“We pray that Allah will assist this government to make it beneficial to the community,” the association appealed.
Nasiru Yusuf Ibrahim
Kano Pilllars will be without the services of eight key players as they prepare to face Shooting Stars Sporting Club (3SC) in their Nigeria Premier Football League (NPFL) Matchday 17 clash.
KANO FOCUS reports that the encounter is scheduled for Saturday evening, December 14, 2024, at the Lekan Salami Stadium, Ibadan.
Technical Adviser Usman Shariff Abdallah has expressed concern over the absentees but remains hopeful for a strong performance.
In their previous match against Katsina United, the Sai Masu Gida missed seven first-team players, including Super Eagles Captain Ahmed Musa, Shehu Abdullahi, Zulkifilu Muhammed, and Sudais Ali Baba, all sidelined by injuries.
Meanwhile, club legend Rabiu Ali, Nelson Abiam and Aminu Adam Sani were on national duty with the Super Eagles home-based squad preparing for the CHAN24 playoff against Ghana.
Adding to their woes, dependable center-back Habibu Yakubu will also miss Saturday’s game due to the accumulation of five yellow cards, further depleting the squad.
This situation has left Abdallah relying on younger players, with 75% of the traveling squad comprising players promoted from the club’s youth system.
The four-times Nigerian champions are currently sits 8th on the NPFL table with 22 points from 15 matches and a game in hand.
They will aim to build on their narrow 1-0 victory over Katsina United last weekend, hoping to climb further up the standings. The match is set to kick off at 5:30 PM on Saturday, December 14, 2024, at the Lekan Salami Stadium.
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