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Solid Minerals

Dangote Cement launches the highest grade of cement in Africa

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ABUJA – Dangote Cement Plc a frontline cement manufacturing company in Africa has announced its intention to launch for the first time in Africa the 52.5 grade of cement which is currently not in production anywhere in Nigeria and Africa.

This disclosure was made at the Corporate Headquarters of the Company in Lagos earlier today by the Group Managing Director/ CEO of the Company, Mr.Devakumar V.G Edwin during a scheduled press briefing to herald the commencement of the product.

“This is the first time that such grade of cement would be produced anywhere in Africa. This grade has an extremely high strength and it’s been used around the world for construction of bridges, roads and other heavy projects designed for heavy loads and traffic. Dangote would be selling this same very high grade product at the same price that its competitors are selling 32.5 grades, and this grade of cement has since been stopped by Dangote Cement when it moved to 42.5 and finally now it has gone a step further to 52.5, thereby becoming the first Company to produce this grade of cement in Africa.

This is a ground breaking event which now puts Nigeria on the map as a net exporter of cement, and all the plants would be producing this grade of cement from our Ibeche to Obajana plants we would commence production of the 52.5 grade of cement.”

The MD who was flanked by other Executive Directors of the Company stated that “With this grade of cement we are very sure that Nigeria would not have to import any kind of cement from now henceforth. And the era of building collapse appears to be over with this top grade of cement to be manufactured for the first time by Dangote cement.”
“It is Important to note that the cement would continue to receive indepth development and upgrading as we continue to produce, especially as we are currently exporting to Niger republic and Ghana as well as other neighboring countries.
It is also pertinent to educate the masses and let them understand the right mode of usage as regards proper mixtures of the cement and other technicalities involved in the usage of the 52.5 grade of cement as it is unprecedented in these parts.”

As part of measures to ensure the general public and end users are able to distinguish the various grades of cement and get to know exactly what they’re ` buying each bag would carry the grade of cement it contains and would have the standard organizations stamp on it.
The standard organization of Nigeria, SON, on its part is also poised to ensure that the public is not taking for a ride at any point. Hence the exact quality and grade of product would be branded on each cement bags.”
Mr. Edwin disclosed emphatically that 52.5 is a grade designed for higher load as the compressing strength is higher than the rest and in effect it is the most effective cement grade in comparison with the other lower grades.
“We have invested massively in technology for environment friendliness, and
32.5 grade of cement is totally taken out of our production plan as all we produce right now is 42.5 and 52.5.” he enthused.

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Business

Nigeria set to boost Naira value and foreign reserve with local gold production, as Tinubu receives gold bar

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IN  a significant move to strengthen Nigeria’s economy, President Bola Tinubu received a symbolic gold bar on Sunday from the Minister of Solid Minerals Development, Dele Alake.

This gesture marks the commencement of the National Gold Purchase Program (NGPP), aimed at boosting the naira’s value and enhancing the country’s foreign reserves.

Minister Alake expressed gratitude to President Tinubu for his support of reforms in the solid minerals sector.

He highlighted that the NGPP, which involves sourcing gold from artisanal and small-scale miners and refining it to meet the London Bullion Market Association’s Good Delivery Standard, will substantially contribute to Nigeria’s economic stability.

Alake stated “This initiative will significantly increase our foreign reserves and strengthen the naira. The refined gold will be supplied to the Central Bank of Nigeria, marking a crucial step in our economic strategy.”

The presentation also underscored the first commercial transaction under the NGPP, establishing a centralized gold purchasing system that integrates small-scale miners, cooperatives, and production units across the nation.

This program is expected to provide a structured market for gold, fostering economic growth and stability.

He said, The successful completion of the first commercial transaction clearly demonstrates the National Gold Purchase Program’s effectiveness. It has increased the nation’s foreign reserves assets and shown that using the Nigerian Naira to purchase a liquid asset traded in United States Dollars, such as gold, is a viable strategy. This transaction has also underscored the potential of the National Gold Purchase Program to enhance fiscal and monetary stability.”

Alake added that the initial commercial transaction under the program resulted in a +US$5 million boost in Nigeria’s foreign reserve assets.

The transaction involved refining over 70 kilograms of gold to meet the London Bullion Market quality standard and aggregating locally mined gold, thereby infusing approximately NGN6 billion into the rural economy.

President Tinubu expressed appreciation for the Ministry’s accomplishment in advancing the government’s goal of economic diversification by acknowledging and displaying the symbolic gold bar

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Solid Minerals

FG Fingers Foreigners Sponsoring Banditry For Illegal Mining

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The Nigerian Government has threatened to come down heavily on foreigners sponsoring bandictory as a way of sustaining illegal mining activities in parts of the country.

The warning was handed down in Abuja by Minister, Solid Minerals Development, Dr Oladele Alake, while receiving a delegation of the Nigeria-China Chamber of Mines led by its National President, Dr. Olugbenga Ajala.

Details of these were contained in a statement released by Head, Press & PR, Ministry of Solid Minerals Development, Alaba Balogun over the weekend.

The statement cited, Dr Alake, thus, “The government will come down firmly on these unscrupulous foreign operators sponsoring banditry to perpetrate illegal mining: let me use this medium to appeal through you to tell those sponsors to desist or face the full wrath of the law.”

According to Dr Alake, the Ministry is committed to establishing a multi-agency task force that will end the activities of illegal miners and their collaborators.

The Minster made it clear that the FG had given illegal miners a 30-day-ultimatum to legitimise their businesses, quit Nigeria or incur the wrath of the law.

According to him, this will help “to streamline and structure the Small-Scale Artisanal Miners for maximum yield to the Federal Government.”

The delegation paid a courtesy call on the Minsiter at the Ministry’s headquarters in Abuja.

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Energy

Fuel Scarcity: Govt Yet to Increase Pump Prices – NMDPRA

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A long queue at an NNPC fuel station

By Edozie Obasi-Eze

 

Amidst heightening uncertainties in the domestic petroleum products market characterised by scarcity and irregular pricing, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has declared that there’s no intention to review pump prices upwards.

This was contained in an advisory issued by General Manager, Corporate Communications, NMDPRA, Kimchi Apollo.

He stated that the Nigerian National Petroleum Corporation Limited (NNPCL) had imported PMS with current stock levels sufficient for 34 days.

In an attempt to address panic buying and speculations which have seen price of Premium Motor Spirit (PMS) oscillate between N180-N250 in the Lagos area, Apollo assured that there was enough quantity of the product in the country already.

He said, “Consequently, marketers and the general public are advised to avoid panic buying, diversion of products and hoarding.

“In keeping with the Authority’s responsibilities as outlined in the Petroleum Industry Act (PIA), the Authority assures the public that it would continue to monitor the supply and distribution of petroleum products nationwide, especially during this holiday season.”

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