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NRC Unveils 5km Passengers, Students Rail In Bauchi

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The Nigerian Railway Corporation (NRC), North Eastern District has unveiled a five kilometer rail line from Bauchi to Inkill along Bauchi-Gombe for passengers and students on excursion.

Mr. Aliyu Mainasara, Railway District Manager (RDM) stated this during the unveiling of the rail line services in Bauchi on Monday.

Our correspondent reports that during the pre- test and commencement of the rail services, the rail line conveyed the RDM management team and passengers from Bauchi station to Inkill Community to and from.

Mainasara pointed out that Services would run from Monday to Saturday three times in a day with a token of N200 per trip from Bauchi station to Inkill Community.

According to him, each trip would be accompanied by security personnel to protect passengers and their belongings.

“The train has the capacity of conveying about 70 to 100 passengers with comforting facilities,” he said.

The RDM, however, explained that full services would commence on Monday September 5th, 2022 with daily and monthly schedules.

He informed that the eastern district had not run a single train in the last seven years due to challenges posed by insecurity and vandalism of its track.

“The initiative would accord the citizens and children to test the rail services, noting that there are people who don’t have experience of rail services.

“With this, children from schools would go for an excursion from Bauchi station to Inkill Community that is five kilometers from Bauchi station.

“By the end of this year we will extend the services to Alkaleri local government area of the state up to Gombe state respectively.

He further revealed that engineers in the district are working on the track for the expansion of the scope of services to the Alkaleri Local Government Area of the state.

“The moment we fix the tracks up to Alkaleri, believe me, we will start to run our trains as well as Gombe in the district.

He urged stakeholders to support the initiative of the North-East District office of the corporation with credible information to ensure effective surveillance and protection of the tracks.

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Dangote Crashes Diesel Price To N1,000 Per Litre

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In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre.

While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600 per litre.

This significant reduction in the price of diesel, at Dangote Petroleum Refinery, is expected to positively affect all the spheres of the economy and ultimately reduce the high inflation rate in the country.

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Dangote Advocates Local Content Development At Kaduna Fair

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President, Dangote Group, Aliko Dangote has said that the Dangote Industries Limited, DIL, is a trail blazer of local content values.

DIL, under the visionary leadership of the foremost Business man, Aliko Dangote, has been championing the cause of local content and contributing significantly to the economic growth of Nigeria and the African continent as a whole.
He was represented at the ongoing Kaduna International Trade Fair by his Special Adviser, Fatima Wali-Abdulrahman.
She said local content, at its core, is about harnessing the potential within a country’s borders for the benefit of its people.
“By investing in local industries, talent, and resources, DIL does not only create jobs but also empower communities and foster sustainable economic growth”
She said that the aim is to commit to deepening local content values across its various business sectors in line with the theme of the 45th series of the Kaduna Trade Fair- Sustainable Economic Recovery Through Deepening of Local Content Value Chain
Mrs Fatima reiterated that Dangote Industries sources it’s limestone locally, and is adjudged the biggest employer of local labour in Nigeria, and now refining its crude to bring succor to Nigerians.
Dangote Group has made substantial investments in industrialization- from cement to sugar, from salt to agriculture and more recently oil & gas, all strategically positioned to leverage local resources and contribute significantly to the nation’s GDP with resounding results like the creation of employment, skills enhancement, capacity building, etc.
She noted that in the area of Philanthropy, Dangote would continue to support the people and government of Kaduna State and Nigeria through the Aliko Dangote Foundation (ADF).
“In addition to these domestic contributions, the Dangote Group has expanded its footprint across the African continent, promoting regional economic integration and positioning Nigeria as a key player in intra-Africa trade.
She described the theme of this year’s trade fair as a clarion call for aNigerians to prioritize and deepen commitment to local content values as the Group stands as a shining example in this regard

While congratulating the Council Members of KADCCIMA, Kaduna State Government and the people of the state for hosting yet another successful Trade Fair, she enjoined all and sundry to visit Dangote pavilion and take advantage of its numerous innovative products.
President of KADCCIMA, Ishaya Idi in his comments said this year’s theme focuses attention on a critical economic game changer.
“The chamber has noted with great concern that despite the abundance of solid minerals, agricultural commodities and raw materials, our nation continues to lose billions of dollars annually on account of lack of value addition in its handling, production and export processes
“Focus is placed more on instant profits from exporting raw materials. with low level of value chain addition
Idi expressed gratitude to Aliko Dangote for the unending support to KADCCIMA
“The chamber has enjoyed the partnership and support of Dangote Group in promoting the competitiveness of our nation in the global market arena through aggressive value chain development.
The new Dangote Dangote Refinery, reported to be one of the largest in the world with daily capacity of upto 650,000 barrels per day is more than twice the daily consumption of Nigeria, even as Dangote fertilizer continues to make local and international farmers happy due to its high quality
The chamber therefore congratulated the President of the Dangote Group Aliko Dangote for the tremendous progress recorded by the conglomerate, Mr. Idi stated.

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2023: Dangote Cement Increases Shareholder’s Dividend By 50%, To N30 Per Share

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…sales from African subsidiaries rose by 12.7%

In line with the promise of Chairman, Dangote Cement, Aliko Dangote at the company’s 2022 Annual General Meeting (AGM), of an enhanced return on Investments to all the shareholders and other stakeholders in Dangote Cement, Plc, the company’s Management for the year ended December 31, 2023, has proposed an increase in the dividend payout to the shareholders, by 50 percent, to N30 per share.

The proposed increase in dividend is subject to ratification by the shareholders at the forthcoming, AGM. Proposing a dividend of N30 per share at a period when many firms are declaring losses is an indication of the resilience of Dangote Cement and the prospects it holds for investors.

A breakdown of the results indicated that Africa’s largest cement manufacturer recorded improvement in all performance measurement indicators with group revenue rising by 36.4 percent to ₦2,208.1 billion while Profit after tax (PAT) was up by 19.2 percent to ₦455.6 billion. Earnings per share went up by 18.8 percent at ₦26.47.

Dangote Cement is garnering more market share across the continent with pan-Africa volumes going up by 12.7 percent to 11.3Mt.

Group Managing Director, Dangote Cement, Arvind Pathak speaking on the results said “This positive full-year outcome is a combination of the strength in the diversity of our operations across Africa and our sustained drive to contain cost amidst an accelerating inflationary environment. The Group achieved double-digit growth in revenue at ₦2,208.1 billion, while Group EBITDA reached a record high, increasing 25.1 percent to ₦886.0 billion.

Despite the challenging macroeconomic conditions, 2023 was yet another testament to the effectiveness of our diversification strategy. Our diverse operations acted as a cushion, providing resilience to country-specific risks. Pan-African volumes were up 12.7 percent and now account for 41.2 percent of Group volume. Consequently, pan-African revenue increased by a record 123.2 percent to ₦925.9 billion, while EBITDA surged by over four-fold to ₦263.7 billion.”

He added, “In response to the heightened inflationary environment, we implemented new and innovative business strategies that helped to drive up revenues, contain costs, and protect margins. These initiatives included fuel mix optimisation, propelling the use of alternative fuels to replace more expensive fossil fuels. We also began the phased transition from diesel power trucks to full Compressed Natural Gas (CNG) trucks.

Looking ahead, following the commissioning of our 0.45Mta grinding plant in Takoradi, we are focusing on our “export to import” strategy in West and Central Africa, while concurrently optimising assets in Eastern Africa. Our strategy remains centered on enhancing our value proposition through the production of high-quality cement and delivering sustainable value to our stakeholders.”

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