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Dangote Cement Committed To Stakeholders – GMD

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Dangote Cement Plc yes
terday reaffirmed its commitment to ensure that stakeholders returns are consistent and adequate.
Group Managing Director, Dongoate Cement Plc Mr Derakumar Edwin, gave the assurance while presenting the company’s “Facts Behind the Figures” to traders and stakeholders.
He said the company has the potentials to deliver stupendous financial performance and strong returns.
Mr Edwin disclosed that the company’s African expansion is gaining pace, adding that investors will be well rewarded in the years ahead.
According to him, “New Nigerian Lines have started producing clinker / cement  Sephaku cement is already selling cement from Delmas. Zambia is on track for opening in 2014. Cameroon is to begin operations soon.          Senegal plant commissioning has commenced. Ethopia will commence before the end of the year. Sierra  Leone will open in Q4 2014. We are reviewing scope of Kenya in light of finding good limestone deposits. South Sudan is on the hold owing to conflict.
“ Dangote Cement Plc  is the largest company on the Nigerian Stock Exchange (NSE), with 24 billion market capitalisation.
It has 29 million tones per annum (MIPA) production capacity across its three state- of -the- art plants in Nigeria.
In the six month to June 30, the company’s revenue grew by 53 per cent to N208.9 billion from N198.5 billion in the corresponding half year period of 2013. The company linked this to production to gas supply.
Its gross profit rose by 1-1 per cent from N1321 billion in H1’13 to N133.5 billion in Hl’14 profit before tax declined by  0.6 per cent from N107 .7 billion in Hl’13 to N107 billion in Hl’14.
Among other plans as contained in Dangote Cement Plc’s outlook for 2014, was investment of $300 million in additional coal facilities across all plants.
Meanwhile, the stock market continued to trend south- wards yesterday as the benchmark index closed 0.46 per cent lower than previous day. The All Share Index settled at 41,017.49 points as negative sentiments prevailed towards Guaranty Trust Bank Plc, Nestle Nigeria Plc and Dangote cement while renewed interest were seen in both ETI Plc and PZ Industries Plc.
Following the same trend as the index, market capitalisation trimmed by N62.84 billion and closed at N13.54 trillion.

Airfrance, District Manager, South-East Nigeria, Peyo Labeguerie (right), presenting a souvenir to Executive Chairman,  Rivers State Internal Revenue Service, Onene Osila Obele-Oshoko (middle), at the PHCCIMA council meeting,  recently. With  them is President, PHCCIMA, Engr Emeka Unachukwu. Photo: Egberi. A. Sampson

Airfrance, District Manager, South-East Nigeria, Peyo Labeguerie (right), presenting a souvenir to Executive Chairman, Rivers State Internal Revenue Service, Onene Osila Obele-Oshoko (middle), at the PHCCIMA council meeting, recently. With them is President, PHCCIMA, Engr Emeka Unachukwu. Photo: Egberi. A. Sampson

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Adeniyi’s Impersonator Faces Trial, Knows Fate, July 3

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The Federal High Court sitting in the Central Business District of the Federal Capital Territory, Abuja, has conducted a hearing of one Ibrahim Shu’aibu, a 50-year-old man, for assuming the character of the Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, among other distinguished personalities in Nigeria, to commit fraudulent activities.
The Nigeria Customs Service (NCS) had in January addressed the media about the suspect’s apprehension by the Service’s Police Unit following his involvement in fraudulent activities, which included luring numerous citizens to pay him money for the issuance of job appointment letters.
During the court hearing, the lead Counsel of the NCS, Abidemi Adewumi-Aluko, said the accused was arraigned on a nine-count charge to which the defendant pleaded not guilty.
Justice Binta Nyako, the Presiding judge, adjourned the hearing to Wednesday, 3 July 2024, and ordered that the accused be remanded with the Nigerian Correctional Service pending the fulfillment of bail requirements.

By: Nkpemenyie Mcdominic, Lagos

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Trans-Border Trade Setback: Shippers’ Council Pledges Support For ITC 

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The Nigerian Shippers’ Council (NSC) has expressed readiness to support the International Trade Centre (ITC) as part of measures toward resolving challenges faced by trans-border traders and trade facilitation.
Executive Secretary, Nigerian Shippers’ Council, Barr. Pius Akutah, disclosed this in Lagos last Friday, when  delegates of ITC, paid a working visit on a fact finding mission.
While harping on the role of the Council as an ombudsmen in port operations, Akutah emphasized that trade facilitation is a major initiative of the NSC, pledging to provide the necessary support to ensure the success of the study brought forward by the ITC team.
He noted that the study will strengthen the Council’s ability to formalize informal trade at border areas, gather statistics, and plan for trade volumes.
Akutah stated that the focus of the study is on agricultural products, as a significant area of potential for Nigeria, not only in the African region, but also globally.
He expressed optimism that the study will help develop skills and improve operations at the Border Information Centre (BIC) managed by the Council.
“Trade facilitation is one of the major aspect of what we do so we are going to give you the necessary support to achieve the success that is desired.
“The study will help us to plan and develop more skills in terms of what we do at the Border Information Centre. Shippers Council is a partner and I want us to take our partnership to the next level that will focus on engagement with our stakeholders”, Akutah noted.
Speaking earlier during the courtesy visit to the NSC headquarters, Associate Programme Officer, ITC, Richard Eke- Metoho, who led the delegation, said the visit to the Council was part of the team’s ongoing study to identify areas for improvement in trade facilitation, particularly at border crossing points.
He stated the importance of collecting data from the Nigerian Shippers’ Council, which manages a border information center at Seme-Krake border.
According to him, some of the identified challenges faced by traders and truck drivers using the Seme-Krake border, a key trade route is the number of checkpoints and lack of scanners.
He said information collected by the team will not only identify existing trade facilitation measures that are working effectively, but also lead to the development of new trade facilitation measures that address the challenges faced by traders
He said, “We are here to collect experience from the Nigerian Shippers Council.
“From our interactions with the Shippers Council, we keep finding similar problem faced by traders, most especially on the number of checkpoints and scanners that are really needed especially for transporters and truck drivers.
“It is still an ongoing study. The more information we collect right now, the more it will help us to make more informed decision process. At the end of the study, we will be able to develop a report that will pinpoint all the main obstacles that traders are facing”.

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Customs Condemns Attack On Officers In Katsina

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The Nigeria Customs Service (NCS) has condemned the brutal attack on its officers and men at the Gamji Makaho checkpoint in the Dankama area of Katsina State on April 17, 2024, which claimed the life of Customs Assistant II Auwal Haruna.
The Service vowed that it would stop at nothing in securing justice for the victims of the attack.
NCS also said it would rejig its anti-smuggling operations while strengthening collaborations with other sister security agencies as part of measures to reinforce the fight against smuggling.
Speaking on the resolve of the management to pursue the matter to its logical conclusion, Comptroller General of Customs, Bashir Adewale Adeniyi extended his heartfelt condolences to the family and colleagues of CA II Auwal Haruna.
He disclosed that the service, in close collaboration with other security agencies, is tirelessly working towards “apprehending the perpetrators of this reprehensible act and ensure they face the full consequences of the law.
“Violence against our officers is utterly unacceptable, and we will pursue every avenue to bring those responsible to justice.
“The safety of our personnel and the security of our borders remain paramount. We are committed to working with traditional rulers, government bodies, and sister agencies to combat this heinous crime against our personnel”.
He further reaffirmed the unwavering commitment of the service under his watch to combating smuggling and other cross-border crimes, adding that the Service will not falter in its mission to uphold the laws of the land and protect the interests of the Nigerian people.
The CGC said: “Intelligence available to us indicates that certain unpatriotic community members are harbouring suspected accomplices involved in this heinous crime.
“We implore these individuals to embrace patriotism by aligning with the laws and refraining from condoning illegality. It is in the best interest of our communities and nation to collaborate with law enforcement agencies to root out criminal elements and ensure that justice prevails”.

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