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Dangote Cement Lights Up Benue Host Communities With CSR Initiatives
A wave of jubilation has swept through Gboko, Benue State, as Dangote Cement Plc and six host communities signed an historic Community Development Agreement (CDA).
Biztellers reports that the event was on Wednesday, which saw Dangote Cement covenanted unveil and the host communities accept with joy several development initiatives under its Corporate Social Responsibility (CSR) initiative.
The landmark accord, commits Dangote Cement to multimillion-naira development initiatives, was celebrated as a transformative milestone, with the communities pledging to uphold a peaceful coexistence.
His Royal Highness, Ter Gboko, Gabriel Shosum, hailed the pact as the dawn of a new era, affirming that the communities’ longstanding aspirations had been realized.
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The monarch extended gratitude to 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.
The Minister of Solid Minerals Development, represented by Bimbo Sariat Olawoye, expressed pride in the achievement and called for collective efforts to ensure the full implementation of the CDA.
On his part, Executive Chairman of Gboko Local Government, Hon. Elias T. Yina, described the agreement as unparalleled in the company’s over 40-year history, highlighting its potential to benefit not only the local government but also the entire Benue State.
Plant Director, DCP Gboko, Louis K. Raj, attributed the achievement of the CDA to 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.
In his words, “This important occasion marks the beginning of concrete infrastructural development and social support in the areas of Education, improved access to Healthcare, Economic Empowerment programs targeted at the Youths, the women groups and the farming population. The company’s social investment will 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, DCP Gboko, 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 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.
Chevron Nigeria won the second-best exhibitor award at the just-concluded 2026 Nigerian Association of Petroleum Explorationists (NAPE) conference and exhibition at Eko Hotels and Suites, Victoria Island, Lagos.
Biztellers reports that Olajumoke Cecilia Ajayi, FNAPE, NAPE President (2025–2026) and Managing Director/CEO of Ingentia Energies Limited, presented the award to Chevron, during the awards dinner on November 12, 2026.
The award is in recognition of Chevron’s outstanding exhibition, where visitors to its booth, particularly students, took part in Geology/Geophysics presentations and quizzes, word games, and Human Resources/Nigerian Content presentations and quizzes, with gifts for winners and participants.
Commenting on the award, the leader of the Chevron’s exhibition team, Dr. Victor Anyaegbudike, Manager Communications, Chevron companies in Nigeria and the Mid Africa Region, commended NAPE for its commitment to hosting the annual conference and exhibition. He noted that Chevron has operated in Nigeria for over 60 years, contributing to the country’s growth and development and making human investments that yield long-term, transformative returns.
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“At Chevron Nigeria, we drive innovation and investment to open up opportunities for growth, jobs, productivity and lasting value. Forums like the NAPE conference and exhibition matter because they bring government, academia, students and industry together around shared goals and a better understanding of one another,” he remarked.
Victor noted that Chevron is committed to building productive, collaborative and mutually beneficial relationships, grounded in trust, with governments, partners, customers, communities and employees. “We believe that affordable, reliable and ever-cleaner energy is vital to a more prosperous and sustainable world,” he said.
Attendees at the NAPE conference and exhibition included representatives of the Federal Government of Nigeria, industry regulators, industry leaders, academics, and students from tertiary institutions across the country.
The Nigerian Exchange Limited (NGX) recorded a 1.36 per cent weekly gain as its market capitalisation increased to ₦163.80 trillion at the close of trading on Friday, November 13, 2026.
The NGX All-Share Index (ASI) rose to 252,269.16 points, pushing the market’s year-to-date return to 62.11 per cent.
The performance reflected a positive trading week for the equities market, with 43 listed companies recording price appreciation, compared with 29 in the previous week.
SEE MORE:NGX Market Cap Falls to ₦163.65trn As All-Share Index Drops
According to the Exchange’s weekly market report, investors traded 8.03 billion shares valued at ₦185.36 billion in 160,836 deals during the week.
This represented a significant increase in trading volume from the 2.83 billion shares exchanged in 192,158 deals in the preceding week, although the total value of transactions declined from ₦208.41 billion.
The Financial Services Industry dominated trading activities, accounting for 4.85 billion shares worth ₦95.79 billion. This represented 60.45 per cent of the total equity turnover volume and 51.68 per cent of turnover value.
The Agriculture Industry followed with 2.24 billion shares valued at ₦22.78 billion, while the Consumer Goods Industry recorded 260.99 million shares worth ₦11.89 billion.
Further details of the market performance showed that 39 equities declined during the week, compared with 57 in the previous week, while 64 equities closed unchanged against 60 recorded in the preceding period.
On the gainers’ chart, Champion Breweries Plc emerged as the best-performing stock, appreciating by 27.27 per cent, while LivingTrust Mortgage Bank Plc recorded the biggest loss, declining by 18.53 per cent.
Meanwhile, trading in Exchange-Traded Products (ETPs) stood at 1.21 million units valued at ₦278.97 million in 3,351 deals, compared with 1.46 million units worth ₦381.82 million in 4,085 deals in the previous week.
The fixed-income segment recorded 156,612 units valued at ₦177.88 million in 41 deals, against 21.99 million units worth ₦20.60 billion in 48 deals recorded in the preceding week.
The Exchange also recorded the listing of two commercial paper instruments issued by Thrive Agric Limited.
The instruments comprised ₦3.17 billion Series 1 (Tranche A) and ₦2.09 billion Series 1 (Tranche B) Commercial Papers, with a combined value of approximately ₦5.26 billion.
Nigeria produced a daily average of 1.687 barrels of crude oil and condensate in October 2026, and met its OPEC quota for the sixth consecutive month.
Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that in strict crude oil terms (excluding condensate), the country produced an average of 1.51mbpd in October.
This is 101 percent of the 1.5mbpd quota set by OPEC.
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The data, released on Wednesday, also shows that single-day production hit a peak of 1.79 million barrels, while the lowest for the month under review stood at 1.60 million bpd.
The crude oil data (excluding condensate) shows that Nigeria has met its assigned OPEC quota for six straight months, producing 1.53mobpd in May; 1.55mobpd in June; 1.51mobpd in July; 1.5mobpd in August, 1.53mobpd in September and 1.51mobpd in October.
On a month of month basis, however, production dipped by 1.7 percent.
The NUPRC attributed the stable performance in recent months to an enhanced operational stability, supported improved production uptime and crude evacuation efficiency.
The sustained growth recorded in October reflects the continued commitment of operators and industry stakeholders towards improving operational efficiency, maintaining asset integrity, and enhancing production reliability across the Nigerian upstream petroleum sector.
A breakdown of the daily average crude oil and condensate production by terminals/streams during the review month shows that Forcados Terminal accounted for 318.49kbpd while Bonny comes second with 311.02kbpd.
Qua Iboe Terminal recorded an average production of 173.97kbpd of crude oil and condensates while Escravos Oil Terminal posted a daily average of 134.67kbpd.
Bonga ranked as the fifth highest producing terminal, recording an average of 106.65kbpd of crude oil and condensate.
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