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Dangote Cement rolls out CSR projects in host communities

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Dangote Cement rolls out CSR projects in host communities

Dangote Cement rolls out CSR projects in host communities

Dangote Cement Plc, Ibese Plant, has launched a multi-million naira project for its 17 host communities as part of its Corporate Social Responsibility (CSR) initiative.

The company made this known in a statement by Mr Anthony Chiejina, the Group Chief, Branding and Communication, Dangote Industries Ltd., on Monday in Lagos.

According to Chiejina, under the CSR activities, its empowerment programmes include skill acquisition, scholarship, farming techniques training, as well as empowerment of vulnerable women.

Chiejina said that about 120 students from primary school to higher institutions filed out to receive cheques for scholarships.

He, also said that 50 vulnerable women and widows went home with grinding machines to support their household income.

Chiejina added that the company also launched its maiden issue of community newsletter to continually intimate the host communities on developments pertaining to CSR.

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“In the same vein, no fewer than 60 farmers were presented to the audience as having been trained in 2022 on good agricultural practices for maize production to boost agricultural production.

“Another 30 youths are currently undergoing training on domestic electrification and installation,” he said.

Also, Mr Azad Nawabuddin, the Director, Dangote Cement Ibese Plant, said the development was a demonstration of the company’s commitment to continuously improving the relationship between the plant and its host communities in over 10 years of existence.

Nawabuddin said that the company was able to weather the challenges of 2022 and stepped up its CSR performance, because of the collaboration and understanding enjoyed from its stakeholders.

“I am delighted to state that we have stepped up our Social Performance as a Plant in 2022, in pursuit of our vision to be a world class enterprise, that is passionate about the standard of living of the people.

“Earlier in the year, we were able to renew our social contract with the host communities by signing a five-year Community Development Agreement (CDA), following extensive engagements and concessions with a wide spectrum of our community stakeholders.

“The new CDA provided an opportunity to review and improve our social performance approach in line with the Group and Global Standards, and to introduce new programmes, while also enhancing the existing ones,” he said.

Nawabuddin assured the communities that the rest of infrastructure and electrical projects, which were at advance stages, would be accomplished in due course.

Responding, the Aboro of Ibeseland, Oba Rotimi Mulero, thanked the management of Dangote Cement, Ibese Plant, for their unrelenting efforts at impacting the host communities positively.

Mulero described the social performance profile of the company as very impressive, saying that it behooves on the community leaders and all the residents to reciprocate and ensure that peace reigns for the good of all for the company to do more.

“I am also enjoining them not rest on their oars. As Oliver twist, we are still asking for more because all these projects can never be too much for the people.

“Dangote Cement has done excellently well; are we to talk about the grinding machines to the vulnerable women?, the youths empowerment or the farmers training for better yields?.

“These are the programmes that really touch on the economic wellbeing of our people and we are grateful for these,” he said.

Also, Oba Kayode Kusoro, the Olu of Aga Olowo, described the development as a good one.

“It afforded the people of opportunity to bond with the company’s management and compare notes on the journey so far.

“The presence of Dangote Cement in Yewa North Local Government area of Ogun has marked out the area as an industrial hub.

“This is because by virtue of the presence, other ancillary businesses are now springing up,” he said.

Dangote Cement rolls out CSR projects in host communities

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Naira rebounds, gains N28.15 against dollar

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Naira rebounds, gains N28.15 against dollar

Naira rebounds, gains N28.15 against dollar

The Naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official market, trading at N1,390.96 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the gain represented a 1.98 per cent appreciation for Naira.

The percentage increase is significant when compared to the previous trading date on Monday, April 29.

The local currency experienced about two weeks steady fall by exchanging at N1,419 to a dollar.

The success story was replicated in the volume of currency traded, as the total daily turnover increased.

The daily turnover stood at 225.36 million dollars on Tuesday up from 147.83 million dollars recorded on Monday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,450 and N1,200 against the dollar.

Naira rebounds, gains N28.15 against dollar

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Naira appreciate, gains further by 1.8% against dollar

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Naira appreciate, gains further by 1.8% against dollar

Naira appreciate, gains further by 1.8% against dollar

The Naira experienced a further appreciation at the official market, trading at N1,382.95 to a dollar on Tuesday.

Data from the official trading platform of the FMDQ revealed that the Naira strengthened by N25.09 or 1.78 per cent, compared to the previous day’s rate of N1,408 against the dollar.

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However, the total turnover increased to $245.58 million on Tuesday, up from $222.15 million recorded on Monday.

Meanwhile, at the Investor’s and Exporters’ (I&E) window, the Naira traded between N1,486 and N1,300 against the dollar.

The reports gathered that the Central Bank of Nigeria(CBN) had, earlier on Tuesday at its 294th Monetary Policy Committee (MPC), raised Monetary Policy Rate (MPR), by 200 basis points from 22.75 per cent to 24.75 per cent.

CBN governor Yemi Cardoso said that was meant to tackle the nation’s rising inflation.

Naira appreciate, gains further by 1.8% against dollar

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Petroleum Ministry, NNPC Ltd., others brainstorm on oil, gas development

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Petroleum Ministry, NNPC Ltd., others brainstorm on oil, gas development
Retreat

The Ministry of Petroleum Resources as well as its agencies and parastatals are expected to brainstorm on emerging developments in the oil and gas industry, at a sectoral retreat scheduled to hold in Abuja.

Mrs Oluwakemi Ogunmakinwa, Deputy Director, Press and Public Relations, Ministry of Petroleum Resources, said in a statement on Sunday that the retreat would focus on the Ministerial Deliverables (2023-2027) for the oil and gas sector.

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The retreat with the theme: “Building Synergy for Enhanced Development in the Oil and Gas Sector” would hold between March 26 and March 28.

Ogunmakinwa stated that the retreat would also fashion the way forward for the industry as earmarked by President Bola Tinubu.

“In the course of the retreat, heads of agencies under the ministry will be required to make presentations on the mandate, vision and mission of their respective organisations,” she stated.

According to Ogunmakinwa, the Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri and the Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo will be attending the retreat.

The Permanent Secretary, Ministry of Petroleum Resources, Amb. Nicholas Agbo Ella, Directors in the Ministry, as well as the Chief Executive Officers (CEOs) and Directors from the Agencies under the supervision of the Ministry would also be in attendance.

It would be recalled that President Bola Tinubu had the first year Ministerial Retreat with Ministers, Presidential Aides, Permanent Secretaries and top government functionaries from Nov. 1 to Nov. 3, 2023.

The retreat by the president was to chart a path for progress and prosperity of the nation, where he charged the participants to deliver on their mandates for the sake of Nigerians.

Petroleum Ministry, NNPC Ltd., others brainstorm on oil, gas development

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