Business
2022: Dangote Industries Wins FMDQ Largest Corporate Lodgment Award
…As Dangote Cement named Most Trusted Brand of the Year
In a blaze of honour, the Pan-African conglomerate, Dangote Industries Limited (DIL) and its Africa’s leading cement manufacturer subsidiary,
Dangote Cement Plc were adjudged the Largest Corporate Bond lodgment on FMDQ in gold category and the 2022 Most Trusted Brand of the Year respectively.
A statement from the DIL, electronically transmitted to Biztellers on Monday has it that “On the back of the Largest Corporate Bond lodgment on FMDQ award came another recognition with the Dangote Group named as the Most Outstanding Conglomerate in Environmental Sustainability.”
It was gathered that the cement giant came tops in the stock market for its unprecedented N116 billion Series 2 Bond issuance back in May this year.
The FMDQ Gold Awards recognises excellence in Fixed Income, Currencies and Derivatives market.
It also recognises demonstrated resilience and agility of the Nigerian financial markets participants and acknowledges the valuable efforts of the stakeholders and their participation in the FMDQ markets and across the financial market.
It is also given to the corporate entity for the highest total bonds value admitted on FMDQ Depository.
During the annual Most Trusted Brand Award, organised by leading research firm Brand Health Ltd, Dangote Cement was chosen as the most trusted cement brand in a survey of 13,000 consumers.
Chief Executive Officer, Brand Health Ltd, Emman Udowoima commended Dangote Cement for the achievement, describing it as a brand of trust and choice indeed.
According to him “four out of ten consumers who took part in the study voted Dangote Cement as the Most Trusted Cement Brand in Nigeria.
The popularity and the confidence in the brand is overwhelming as its closest rival scored just 12% while Dangote scored 41%.”
Other cement brands with substantial mentions scored between three and eight percent. Some of the elements of the survey include questions like ‘the brand that you feel most confident in, the brand that offers you what you want, the brand that offers highest quality, the brand that is distinctive, and the brand you would recommend to your friends and relatives.
Udowoima stated that about 13,000 respondents participated in the 2022 survey and were interviewed across 12 states in Nigeria including the Federal Capital Territory.
These are the states covered by the survey, Lagos, Oyo, Enugu, Abia, Akwa Ibom, Rivers, Plateau, Adamawa, Borno, Kaduna and Kano and the respondents were drawn from both urban and rural communities.
The survey, according to Udowoima, “used quantitative method to elicit responses from the consumers, and also focused on such demographics as gender – Male 50%, Female 50%; Social Class: AB 15%, C1 C2 40%, DE 45%; Age: 18-25, 30%, 26-35, 30%, 36-50, 25%, 51+ 15%.”
He explained that “The Most Trusted Brands (MTB)” Awards was instituted in 2010 to reward brands that keep promises to the consumers.
The award is an enabler for brands to do more for consumers, knowing full well that consumers either reward or punish brands according to their experiences.
Group Chief Branding and
Communications Officer, DIL, Anthony Chiejina, thanked the organisers, describing the awards as another milestone in the Dangote Group’s business trajectory.
He said it is a testament to the strategic business model being executed by the manufacturing giant, which is aimed at rejuvenating Nigeria’s economy and engendering developmental growth of Africa.
He expressed the assurance that the Dangote Group would not relent in its commitment to Africa’s development, adding that, “we will continue to impact lives positively through production of goods that meet the peoples’ need.”
Business
Fertiliser Plants: Dangote Vows to Ensure Food Security in Africa
President of the Dangote Group, Aliko Dangote, has reaffirmed his commitment to boosting food security across Africa through large-scale fertiliser investments, declaring that the continent has the capacity to feed itself and become a net exporter of agricultural products.
Dangote made this known while addressing journalists in Gode, in Ethiopia’s Somali region, during a high-profile visit hosted by Prime Minister Abiy Ahmed. The Prime Minister personally received Dangote and accompanied him to inspect the site of the proposed fertiliser plant, where construction activities are already underway.
Speaking on the strategic importance of fertiliser in agricultural productivity, Dangote noted that Africa’s food insecurity challenges are largely due to limited access to key inputs.
“Africa holds immense agricultural potential, yet continues to grapple with food insecurity due to limited access to fertiliser,” he said. “Through our investments, we are committed to reversing this trend by boosting productivity, empowering farmers, and advancing a sustainable path to food self-sufficiency.”
He added that the Group’s ambition, though bold, is achievable with sustained investment in fertiliser production and agricultural infrastructure.
“Africa has the capacity to feed itself and even export to the rest of the world. Our fertiliser investments across the continent are designed to unlock that potential and secure a prosperous future for our people,” Dangote stated.
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Dangote also announced a significant increase in the Group’s investment in Ethiopia, rising from $2.5 billion to over $4 billion. The expanded scope includes critical infrastructure such as a 110-kilometre pipeline, a 120MW power plant, a polypropylene packaging facility, and a two-million-tonne NPK blending plant, among other new components.
He described Ethiopia as a key strategic destination for Dangote Group’s long-term investments.
“In total, our declared and signed investments in Ethiopia now exceed $4 billion. This makes Ethiopia the second-largest recipient of our investments in Africa, accounting for nearly nine per cent of our continental outlay between now and 2030,” he said.
Dangote further commended Prime Minister Abiy Ahmed’s leadership and vision for economic transformation.
“The Prime Minister is driving development beyond expectations, but such progress requires strong private sector collaboration. We are proud to partner with Ethiopia to help build one of Africa’s most dynamic economies in the coming decade,” he added.
Prime Minister Abiy Ahmed, in his remarks, described Dangote as a trusted partner and commended the pace of work on the fertiliser project, which he said aligns with Ethiopia’s broader development priorities.
He emphasised that the project would significantly boost domestic fertiliser production, reduce dependence on imports, and provide critical support to millions of Ethiopian farmers.
According to the Prime Minister, the fertiliser plant will also create extensive employment opportunities, strengthen the industrial value chain, and reinforce Ethiopia’s position as an emerging agro-industrial hub in Africa.
“This type of large-scale investment demonstrates the power of strong collaboration between government and the private sector,” he said. “Expanding such partnerships will accelerate economic growth, attract further investment, and improve the livelihoods of our people.”
The Dangote fertiliser initiative is widely seen as a transformative step toward reshaping Africa’s agricultural landscape, with the potential to enhance productivity, reduce import dependence, and drive inclusive economic growth across the continent.
Photo Caption – L-R: President of Dangote Group, Aliko Dangote, being welcome by the Prime Minister of Ethiopia, Abiy Ahmed to Gode, in Ethiopia’s Somali region, during an inspection of the fertiliser plant under construction in Gode, Ethiopia, over the weekend.
Business
Navy Uncovers, Dismantles Illegal Refined Petroleum Products Depot in Rivers
The Nigerian Navy (NN) has uncovered and dismantled an illegal refined petroleum products depot in Okrika, Rivers State, as part of ongoing operations against crude oil theft and illicit petroleum activities in the Niger Delta.
The Navy disclosed that the operation was carried out by Nigerian Navy Ship (NNS) Pathfinder under Operation Delta Sentinel during anti-crude oil theft patrols targeted at economic saboteurs and illegal petroleum distribution networks.
According to the Navy, the operation led to the discovery of a major storage facility linked to the distribution of suspected illegally refined Automotive Gas Oil (AGO) within Rivers State.
“During the raid, naval personnel uncovered a warehouse located around Okochiri Kingdom in Okrika Local Government Area containing 410 drums loaded with approximately 123,000 litres of suspected illegally refined AGO,” the Service said.
In a statement yesterday, the Director of Naval Information, Navy Captain Abiodun Folorunsho, said preliminary investigations indicated that the products were transported from illegal refining sites outside the community and stockpiled in the warehouse for onward distribution through illicit supply channels.
Folorunsho stated that the discovery underscored the growing trend of illegal petroleum operators shifting from refining camps to concealed storage and distribution systems in a bid to evade ongoing anti-crude oil theft operations and sustain black-market fuel trade across the region.
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He added that the products were handled in line with established anti-crude oil theft procedures, while further surveillance and assessments within the area were ongoing.
The Navy also stated that current operations under Operation Delta Sentinel remain focused on dismantling the logistics and supply networks sustaining crude oil theft, illegal refining, and illicit petroleum distribution across the Niger Delta.
Reaffirming its commitment to protecting critical national assets, the Nigerian Navy said it would continue to sustain intelligence-driven operations aimed at denying economic saboteurs freedom of operation within Nigeria’s maritime and littoral environment, in line with the vision of the Chief of the Naval Staff.
Business
Adoption of AI Feature as NIPetGE Pays Courtesy Call at NNPC Ltd
Enhanced adoption of artificial intelligence and other digital technologies to improve operations in Nigeria’s oil and gas industry is taking the centre stage in relevant circles.
The issue came up strongly when the President-elect of the Nigerian Institute of Petroleum and Gas Engineers NIPetGE, Prisca Kanebi, paid a courtesy call at the Nigerian National Petroleum Company Limited (NNPC Ltd), Abuja.
Biztellers reports that the Kanebi led delegation was received by the Group Chief Executive Officer of the NNPC Ltd, Bayo Ojulari, represented by the Executive Vice President, Gas, Power and New Energy, Olalekan Ogunleye.
According to a statement made available on Sunday, discussions at the meeting focused on the future of Nigeria’s hydrocarbon industry amid global energy transition concerns, technological changes and sustainability targets.
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The statement indicated that the NNPC Ltd acknowledged the role of NIPetGE in policy advocacy, technical development and innovation within the sector.
Speaking during the meeting, Kanebi highlighted recommendations from the institute’s recent conference, including the proposed establishment of a national centre for intelligent energy systems to support the deployment of artificial intelligence, the Internet of Things and robotics across the petroleum value chain.
She also commended the Federal Government’s decarbonisation efforts and reiterated the institute’s support for policies aimed at improving sustainability in the industry.
The institute also recommended the creation of a hydrocarbon-linked emissions trading system to allow Nigeria to take part in global carbon markets.
The institute also proposed fiscal incentives to support local manufacturing and service delivery in the oil and gas sector, as well as the expansion of the Energy Transition Plan to include measurable upstream decarbonisation targets backed by tax credits.
Other proposals included increased public-private partnerships in emission control infrastructure, carbon capture projects and hybrid renewable energy initiatives.
Both organisations also stressed the need for stronger collaboration between industry and academic institutions to improve professional capacity and align petroleum engineering practice in Nigeria with international standards.
The institute further disclosed that its bill seeking chartered status had passed second reading and was progressing towards a third hearing at the National Assembly.
It added that NNPC Ltd pledged support for future collaborations with the institute on initiatives aimed at improving efficiency and innovation in the energy sector.





