celebrity radar - gossips

Dangote Cement woos investors with N100 billion issue

Published

5 years ago

April 6, 2020

Dangote Cement Trucks Wrongfully Intercepted In Adamawa

Dangote Cement Plc, Africa’s leading cement manufacturer, is seeking to raise up to N100 billion in fresh funds from the bond market, under its NGN300 billion Debt Issuance Programme.

According to the Investor presentation document prepared by the company and themed: Building Prosperity in Africa, the funds from the debut offering in the bond markets are to be utilised to refinance existing short-term debt previously applied towards cement expansion projects, working capital and general corporate purposes.

The bond (medium term debt paper), Dangote Cement is issuing for the first time signifies confidence in business growth and in the Nigerian economy long term growth.

Dangote Cement Plc is a good offer for discerning institutional investors and high networth individuals as it is Nigeria’s largest company by market capitalisation on the Nigerian Stock Exchange, the largest cement manufacturer in Sub-Saharan Africa with an installed capacity of 45.6Mta across its’ operations in 10 African countries and operates a fully integrated “quarry-to-customer” business in 7 of its operations with activities covering manufacturing, sales and distribution of cement.

The company which is Premium board listed on the Nigerian Stock Exchange(NSE), has a strong corporate governance framework supported by five Independent Directors while its shareholding base is diversified.

Dangote Cement posted an excellent financial performance in 2019 with
EBITDA margins of 44.3 per cent. It was rated ‘Strong financial profile including low leverage and significant operational scale.’ (GCR AA+(Ng) (Jan 20) Moody’s Aa2.ng (Mar 20)

The company has a strong track record in the debt capital markets, having registered a NGN150 billion Commercial Paper programme in 2018, and issued an aggregate amount of NGN300 billion in Commercial Paper since programme establishment.c

It also has a track record in Nigeria’s Debt Capital Markets as it raised an aggregate Issuance of N100bn under the Commercial Paper Programme in 2018, in 2019, raised an aggregate Issuance of N200bn under the Commercial Paper Programme. These Commercial Papers were systematically oversubscribed.

Certain factors across Africa signal positive long term trends for Dangote Cement. There is an increasing demand for cement as urbanization continues across the continent, demanding more infrastructure, housing and commercial building. As democracy becomes entrenched in African states, it brings increasing political stability enabling rapid economic growth, growth in infrastructure such as roads, housing, schools etc built from cement.

With steady population growth, younger and more mobile population drive the need for building while the emerging middle-class, fuels increasing consumerization
and access to credit

celebrity radar - gossips

Ayra Starr’s Mother Sparks Buzz with Confession About Her Mystery Crush

Published

4 hours ago

December 23, 2024

Sahara Weekly

Ayra Starr’s Mother Sparks Buzz with Confession About Her Mystery Crush

The mother of Nigerian Afrobeat sensation Ayra Starr has sent social media into a frenzy with a playful revelation about having a crush on someone who, humorously, calls her “mummy.” In a video that quickly went viral, she expressed her excitement about the possibility of meeting her crush at Ayra Starr’s upcoming show on Christmas Day.

Captioning the video, Ayra Starr’s mother wrote: “Wahala, my crush is calling me mummy. Anyways, we will meet at Ayra’s show on the 25th.” Her candid and lighthearted confession immediately captivated fans, sparking a wave of speculation about the identity of her mystery crush.

Many have taken to social media to guess the individual who has captured Ayra Starr’s mother’s affections. A popular theory among fans is that the crush might be none other than Don Jazzy, the renowned Nigerian music mogul and the boss of Ayra Starr’s record label, Mavin Records. However, Ayra’s mother kept the identity of her crush under wraps, leaving fans to wonder and eagerly anticipate any clues that might surface.

As the excitement for Ayra Starr’s Christmas Day show builds, fans are eagerly awaiting the event, with many now watching closely to see if Ayra’s mother’s cheeky prediction about meeting her crush will indeed come true.

Stay tuned for updates and watch the video below as the mystery continues to unfold!

View this post on Instagram

A post shared by The Tattle Room 🇳🇬 🌎 (@thetattleroomng)

celebrity radar - gossips

Self-Anointed Financial Guru, Geh Geh, Celebrates the Launch of His Luxury Hotel

Published

4 hours ago

December 23, 2024

Sahara Weekly

Self-Anointed Financial Guru, Geh Geh, Celebrates the Launch of His Luxury Hotel

Popular financial influencer and self-proclaimed guru, Geh Geh, has officially opened the doors to his new hotel, marking another milestone in his ever-evolving career. The hotel, a modern and tastefully furnished establishment, was unveiled on December 22nd amidst a wave of excitement from his followers and supporters.

Taking to his X page a few days prior to the launch, Geh Geh teased his fans with the announcement, hinting at the grand opening. True to his word, the influencer shared clips from the event, including a moment where his pastor prayed over the establishment during its official dedication.

The event was attended by friends, family, and well-wishers, who gathered to celebrate his achievement. Online reactions, however, have been a mix of admiration, skepticism, and humor as netizens took to social media to share their thoughts on Geh Geh’s latest accomplishment.

Social Media Reactions

The news of Geh Geh’s hotel opening has sparked lively conversations across social platforms. Some users congratulated him on his success, while others questioned the legitimacy of his wealth and mocked the idea of a pastor blessing a hotel.

@BIG🌍 AP❣️: “Finally, Geh Geh don get the congratulations 🎉 way him dey find since lol 🤣🤣 Congratulations 🎉 Opueh Presido.”
@ucheuch2 MMM: “Geh Geh no get hotel.”
@Quency baby 🫂🥹: “Dem open hotel, pastor dey pray 🤦‍♀️.”
@Elbulletin: “So this guy gets money?”
@Boy alone💜🧎‍♂️🧎‍♂️☹️: “Omo, wait oh, na Geh Geh really get am? Omo, if na him, I go start worship Geh Geh online oh 😞.”
@Babatunde Phillip: “Imagine a pastor attending the opening ceremony of a hotel where Geh Geh said girls go cryyyy.”
@user97174499693224: “So pastor dey pray for hotel opening 😂😂😂.”
@ABIODUN__🌴💙🚬: “I dey cryyyyyyy now, if to say I know, I for worship Geh Geh online 😭😂.”

While the reactions may vary, one thing is clear: Geh Geh knows how to command attention. As he steps into the hospitality business, all eyes will be on him to see if the financial guru can translate his influence into success in this new venture.

@unclenasco_

Congratulations to Geh Geh , he has finally opens his hotel 🏨

♬ original sound – Nasco

Sports

Oleksandr Usyk Defeats Tyson Fury Again, Solidifies Legacy Among Boxing Greats

Published

1 day ago

December 22, 2024

Sahara Weekly

Oleksandr Usyk Defeats Tyson Fury Again, Solidifies Legacy Among Boxing Greats

Ukrainian boxing sensation Oleksandr Usyk retained his heavyweight championship titles and cemented his place in boxing history with a unanimous decision victory over Britain’s Tyson Fury in their rematch on Saturday night.

The judges scored the bout 116-112 in Usyk’s favor across the board, marking his second consecutive win over Fury. This victory extended Usyk’s flawless professional record to 23-0, with 14 knockouts, adding another chapter to a career already highlighted by Olympic gold and an undisputed cruiserweight championship.

A Masterclass Performance

Usyk, 37, showcased his signature precision and relentless pace, repeatedly catching Fury with clean left hooks and dominating the latter stages of the fight. Fury, at 6ft 9in (206cm) and weighing a career-high 281 pounds, attempted to impose his physicality but was unable to break Usyk’s composure.

The fight, held in Saudi Arabia, saw Usyk wearing traditional Cossack attire during his entrance, while Fury entered the arena dressed in a festive Santa-inspired robe to Mariah Carey’s “All I Want For Christmas Is You.”

The early rounds were competitive, with Fury landing powerful jabs and body shots. However, Usyk’s endurance and tactical brilliance began to shine in the middle rounds. The Ukrainian landed sharp combinations and dictated the tempo, including a stunning uppercut in the final round that left little doubt about the outcome.

“I thought I’ve won both fights,” Fury said post-match, sporting a bruised right eye. “But I’ll always believe until the day I die that I won that fight.”

A Legacy Sealed

Usyk’s victory solidified his standing as one of the greatest heavyweights in history. Already the first undisputed heavyweight of the four-belt era, Usyk joins the ranks of legends like Muhammad Ali, Joe Louis, and Mike Tyson.

The bout, reported to have a prize purse of $190 million, also underscored Saudi Arabia’s growing influence in global sports. Usyk, who served briefly as a soldier during Russia’s invasion of Ukraine, celebrated his victory by hoisting a symbolic sabre belonging to Ukrainian nationalist hero Ivan Mazepa.

Fury’s Uncertain Future

The defeat leaves Fury’s future in doubt. Once unbeaten across 35 fights, Fury now stands at 34-2-1. His attempt to reclaim glory after a brief retirement in 2022 has been marred by back-to-back losses to Usyk.

Usyk, on the other hand, continues to add to his already remarkable resume, leaving fans and critics alike in awe of his technical skill, resilience, and determination. As the heavyweight division looks ahead, Usyk’s reign appears unshakable, and his place among boxing’s all-time greats is firmly secured.