Dangote - NEWS AGENCY OF NIGERIA

A section of the Dangote refinery in Lagos

Ismail Abdulaziz
Feb, Sun, 2025

Dangote Refinery crashes petrol price to N890/ltr

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Petrol
By Yunus Yusuf
Lagos, Feb.1, 2025 (NAN) Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday.

Mr Anthony Chiejina, the Group Chief Branding and Communications Officer, Dangote Petroleum Refinery, said this in a statement on Saturday in Lagos.

Chiejina said that the price adjustment was in response to a significant decline in international crude oil prices.

He explained that this latest move followed a similar decision made on Jan. 19 when a modest price increase was implemented due to rising crude oil costs.

Chiejina said with recent global market trends indicating a decline, Dangote Refinery had once again adjusted its pricing structure, providing relief to Nigerians.

The statement also noted that the price reduction would significantly lower the cost of petrol across the country, generating a positive ripple effect throughout the broader economy.

“Dangote Petroleum Refinery firmly believes that this reduction from N950 to N890 will result in a meaningful decrease in the cost of petrol nationwide,” he said.

He said the reduction would drive down the prices of goods and services as well as the overall cost of living.

The refinery called on marketers across the country to ensure that the benefits of the reduced price were passed on to Nigerians.

Dangote refinery reiterated its support for the economic revival by President Bola Tinubu.

According to the refinery, the Tinubu administration is focused on making Nigeria self-sufficient in refined petroleum products and positioning the country as a leading oil export hub.

The News Agency of Nigeria (NAN) reports that the refinery’s decision is expected to play a vital role in stabilising the country’s economy.(NAN)(www.nannews.com)
(Edited by Mufutau Ojo)

Ismail Abdulaziz
Dec, Sat, 2024

Economy/Business

Crude for Naira swap deal has positive impact- Dangote

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President of the Dangote Industries Limited, Aliko Dangote, has commended President Bola Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy.

Dangote said that the swap has led to reduction in prices of petroleum products in the country.

The News Agency of Nigeria (NAN) reports that Dangote recently reduced the price of petrol from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added.

NAN reports that the price has already commenced in Lagos, and its expected to be offered nationwide from Monday.

Dangote called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices.

“Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

The Federal Executive Council in September approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira.

The move, which commenced on Oct. 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.(NAN)

PR:

Ismail Abdulaziz
Dec, Wed, 2024

General News

Dangote-led flood c’ttee delivers N1bn relief items to Borno govt.

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The Aliko Dangote-led Presidential Committee on Flood Relief and Rehabilitation (PCFRR) has delivered emergency relief materials valued at N1billion to the Government of Borno State for onward distribution to persons affected by the 2024 flood in the State.

During the handover ceremony in Maiduguri, the Secretary of the Presidential Committee on Flood Relief and Rehabilitation, Mrs. Hajara Modu, said the committee was committed to supporting flood-affected communities.

Representing the co-chairmen, Alhaji Aliko Dangote and Dr. Olisa Agbakoba, the Secretary said that the distribution of food and non-food items fulfilled the pledge made by the committee at the height of the 2024 flood disaster.

In September, Maiduguri experienced catastrophic flooding that submerged approximately 70% of the city.

This made Borno the most affected region in Nigeria during this year’s flood season.

The flooding displaced thousands of residents, destroyed homes, and disrupted essential services, exacerbating the humanitarian challenges already faced in the region.

She said the President of the Dangote Group, Aliko Dangote, had announced the donation of N2billion.

According to her, of the N2 billion donation announced by Dangote, N1 billion is on behalf of the committee for the procurement and supply of relief materials to the flood victims in Borno, and the other N1 billion was donated by the Aliko Dangote Foundation (ADF).

She described Dangote as very passionate about philanthropy, adding that the committee that was set up in 2012 by the former President Goodluck Jonathan had only a year to work, but through the support of Dangote it continued to address the flood disasters in the country.

The Governor of Borno, Prof. Babagana Zulum, commended the Dangote-led Presidential Committee for its interventions in the state.

The Governor, who was represented by his Deputy, Mr Umar Kadafur, said the state government had set up a committee to ensure that relief items reach victims of flooding.

He said that Dangote, through the committee and his foundation, has consistently provided support in various forms to address critical needs in Borno.

Zulum commended Dangote for his unwavering commitment to humanitarian causes and for contributing to the state’s recovery efforts, particularly during challenging times.

He acknowledged that Dangote’s interventions have touched many lives and have been instrumental in mitigating the impact of disasters such as the recent floods.

Director-General of the National Emergency Management Agency (NEMA) Mrs Zubaida Umar, commended Dangote for providing the requisite leadership in humanitarian intervention in the country.

Umar, who was represented by the Director of Relief and Rehabilitation, Abdullahi Usur, said: “Today’s handover of relief materials donated by the PCFRR is a testament to the unwavering commitment of the Federal Government under the able leadership of President Bola Ahmed Tinubu.”

He listed some of the items to include: Beans, Seasoning, Salt, Sugar, Tomato Paste, Vegetable oil, Foam Mattress, Guinea Brocade, Wax Print, Blankets, Mosquito Nets, Nylon Mat, Bathing Soap, Detergent, Children Diapers and Sanitary Pads.

Borno State’s Commissioner for Women and Social Development Zuwaira Gambo thanked the Dangote-led committee for what she described as a huge humanitarian intervention.

NEMA’s Coordinator for Northeast Zonal Office Mr Sirajo Garba said the agency, in collaboration with other stakeholders, has perfected a transparent modality for the distribution of the relief items from the Dangote-led Committee.(NAN)

PR:

Ismail Abdulaziz
Dec, Wed, 2024

General News

Dangote Cement, Benue communities seal dev’t Agreement

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The Dangote Cement and six host communities in Benue on Wednesday signed a historic Community Development Agreement (CDA)

The landmark accord commits Dangote Cement to multimillion-Naira development initiatives, and was celebrated as a transformative milestone, with the communities pledging to uphold a peaceful coexistence.

A traditional ruler, Ter Gboko Gabriel Shosum, hailed the pact as the dawn of a new era that fulfils the communities’ longstanding aspirations.

He lauded Alhaji Aliko Dangote, President of the Dangote Group, for his commitment to addressing the needs of the host communities, while urging local leaders to sustain peace and harmony to support the company’s operations.

Mrs Bimbo Olawoye, representing the Minister of Solid Minerals Development, called for collective efforts to ensure the full implementation of the CDA.

Hon. Elias Yina, Chairman of Gboko Local Government, described the agreement as unparalleled in the company’s over 40-year history.

He said the programme would benefit not only the local government but also the State.

Plant Director, DCP Gboko, Louis Raj, said the achievement of the CDA is as a result of the support from the Benue State government, as well as from the Gboko Local Government, community leaders and the ministry of Solid Minerals Development, among other stakeholders.

The Plant Director added: “This important occasion marks the beginning of concrete infrastructural development and social support in the areas of Education, improved access to Healthcare, Economic Empowerment programmes targeted at the Youths, the women groups and the farming population.

He said that the company’s social investment would also facilitate improved access to potable water, improve electrification and power supply to the host communities, among other things.

“The Gboko Plant’s CDA also provides for scholarship grants for students in secondary and tertiary institutions to promote excellence in educational pursuits of indigent students from our host communities.”

Head of Social Performance, Mr Wakeel Olayiwola, described the signing of the CDA as historic and key to the implementation of key projects in the host communities.

The CDA, he said, provides for interventions that covers the provision of infrastructural and educational development for a period of five years.

In his remarks, President General of the Jemgbash Development Association, Prince Yandev Amaabai, urged the communities to be peaceful and eschew violence.

“Dangote has provided us jobs, and now is supporting us as a people. We must support him and be peaceful,” he said.

The agreement was signed with six host communities: Tse-kucha(Mbatyula), Quarry, Amua(Mbakper), Mbazembe, Mbatur and Pass Brothers.

PR:

Ismail Abdulaziz
Nov, Tue, 2024

Business

Kano fair: Dangote Pavilion turns focal point for customers

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The pavilion of the Dangote Group at the ongoing 2024 Kano International Trade Fair has become Mecca of a sort, attracting customers excited to make inquiries and purchases as the year winds down.

Organised by the Kano Chamber of Commerce, Industry, Mines, and Agriculture (KACCIMA), the fair, themed “Non-Oil Export for Economic Prosperity,” aligns closely with Dangote Group’s vision of economic diversification.

A statement from the Branding and Corporate Communications Department of the Dangote Group said the Trade Fair, running from Nov. 23 to Dec. 7, has seen the Dangote pavilion actively engage visitors with designated help desks.

It said: “Nigeria is a powerhouse for non-oil export, but only if it taps into its numerous resources and potentials. At Dangote we have demonstrated this with our huge investments in fertiliser, sugar, salt and cement products spread across several African countries.”

A visit to the stand revealed significant engagement, particularly from distributors and retailers.

Many are taking advantage of the Trade Fair to stock their warehouses in preparation for the upcoming end-of-year festive season, ensuring they are well-equipped to meet the heightened demand.

The company, therefore, urged participants to leverage on the opportunity to visit the company’s pavilion and take advantage of the various products on display.

They include Dangote Cement, Dangote Sugar and Dangote Salt and Dangote Fertiliser.

Minister of Defence Mohammed Abubakar extolled the role of Public Private Partnership in the development of the Nigerian economy.

While visiting the Dangote pavilion at the fair, he told participants that the President Bola Tinubu-led administration recognises the role of the private sector as key.

Badaru reaffirmed Federal Government’s commitment to restoring peace and stability and urged Nigerians to continue supporting the government with prayers while maintaining confidence in the security forces.

He said the security agencies’ unwavering dedication is crucial to sustaining these achievements.

Meanwhile, President of the Chamber, Alhaji Garba Imam commended the Dangote Group for its support and partnership, adding that the company has been consistent in its sponsorship of the annual event.

Speaking to newsmen, the Director General of KACCIMA Alhaji Sabiu Umar Yola said: “The relationship between KACCIMA and Dangote has been very supportive and a great partnership.”

He said the theme for this year was meant to encourage Nigerians to source for other commodities for export instead of crude oil.(NAN)

PR:

Ismail Abdulaziz
Oct, Thu, 2024

General News

Gboko communities enjoy Dangote Cement CSR schemes

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By Ismail Abdulaziz

The Dangote Cement in Gboko, Benue, has scaled up its Corporate Social Responsibility (CSR) schemes for its host communities, the News Agency of Nigeria (NAN) reports.

This is contained in a statement from its Branding and Corporate Communications Department, on Wednesday in Abuja.

It said that this was its expanded interventions as part of the company’s observance of Global Sustainability Week.

Sustainable Week is a private initiative that tackles sustainability in its three dimensions: economy, social and environmental.

“Dangote Cement Plc., Gboko is committed to addressing the impact of its activities and contributing to sustainable development through projects and initiatives that promote safe, inclusive, and sustainable communities,” it said.

It added that the annual Sustainability Week initiatives include medical and charity outreach programmes.

‘’The Sustainability Champions in Gboko serve as role models for students, making a positive impact on their lives.

‘’The company engages students through environment clubs established in local schools during World Environment Day, which are used for educational and engagement sessions.

‘’Empowering women remains a key focus of the company’s programmes in the community,’’ the statement added.

This year’s Sustainability Week was launched on Monday in Gboko by the Plant Director, Louis Raj, who emphasised that Dangote Cement is one of the most socially responsible companies in Nigeria.

NAN reports that some of the programmes during the week in Gboko communities are training in liquid soap and Vaseline production, school mentoring, medical outreach, and donations to orphanages.

It said that the President of the Dangote Group, Aliko Dangote, is encouraging businesses to adopt energy efficiency practices in light of the on-going global climate crisis.

Head, Sustainability at Dangote Cement Plc., Dr Igazeuma Okoroba, had said the manufacturing giant was committed to sustainability of its Corporate Social Responsibility.

Okoroba said: ‘’this year’s sustainability week afforded the cement company another opportunity to demonstrate our love for humanity by sharing our sustainability message and showing support to the residents of our host communities.”(NAN)(www.nannews.ng)

Edited by Joseph Edeh