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Dangote Cement woos investors with N100 billion issue

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Dangote Cement Trucks Wrongfully Intercepted In Adamawa

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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.

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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.

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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

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celebrity radar - gossips

‘Pity men’, Williams Uchemba laments outfits women wear to the gym

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'Pity men', Williams Uchemba laments outfits women wear to the gym

‘Pity men’, Williams Uchemba laments outfits women wear to the gym

 

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Nollywood actor Williams Uchemba has lamented over the choice of outfit ladies wear to the gym.

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The movie star, in a video on his official Instagram account, lamented that women now wear revealing outfits to the gym, and the times he goes to the gym, he sees something he didn’t plan to see.

 

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'Pity men', Williams Uchemba laments outfits women wear to the gym

 

He also revealed that, due to this trend, he stopped going to public gym because of his desire to “make heaven.”

 

 

He said, “Ladies how far? Should all the men not come to the gym again? Because it’s getting out of hand and becoming appalling, I don tire. Make una try to dey wear beta cloth come gym nau, what is this?

 

 

“There are men that have made up their minds to make the heavenly race and na una dey plenty for gym. Whoever that sells these clothes to you people, their shop go burn down because what is going on? Every single time one comes to the gym, wetin you no plan see you must see am.

 

 

Una don make up una mind say no man in this Nigeria will make heaven but It won’t work because I’ve left the gym for una, I’ve set up a gym in my house because I cannot cope, I want to make heaven. You will have 20 people in the gym, 300 are women, doing exercises.

“Have conscience, men are people’s children too, I’m speaking for all the men and we need to make heaven.”

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Nollywood loses another veteran actor

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Nollywood loses another veteran actor

Nollywood loses another veteran actor

 

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The Nigerian movie industry has again been thrown into mourning after the news of the death of another veteran Nollywood actor, Zulu Adigwe, surfaced on social media on Tuesday.

 

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Nollywood loses another veteran actor

Adigwe’s death was announced by a movie producer, Stanley Nwoko, in a post on his Instagram page .

Mourning the actor, Nwoko wrote, “Rest in peace, good actor.”

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Adigwe’s death is coming two weeks after Junior Pope and three other Nollywood actors died in a boat accident in Anam River.

 

The actors were said to be on their way to a location when the incident occurred.

 

 

Adigwe gained recognition primarily for portraying fatherly characters in Nollywood films.

His breakthrough role came as Mr. B in the popular sitcom “Basi and Company.”

He also appeared in the highly successful 2019 movie “Living in Bondage: Breaking Free.”

Although born in Enugu State and spent his early years there, he later moved to Austria, where he completed his primary and secondary education.

 

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ERELU OLAJUMOKE, AN ALLURING CHARMING BEAUTY MAJESTICALLY CLIMBED THE FIFTH FLOOR

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ERELU OLAJUMOKE, AN ALLURING CHARMING BEAUTY MAJESTICALLY CLIMBED THE FIFTH FLOOR

…Celebrates Golden Jubilee In Glitz and Amazing Glory

 

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She is a damsel, an embodiment of beauty, brain and brawn, possessing the best of qualities any discerning mind would dream of. She is no one else than Erelu Olajumoke, Erelu of Ifetedo Kingdom and founder/Chief Executive Officer of Erelu Olajumoke Foundation. Very industrious, illustrious and extremely hardworking, Erelu Olajumoke, the Iya Ijo of Bishop Court Chapel in Alagbaka Akure will on Saturday, the 20th of April, 2024 celebrate her 50th birthday, stepping majestically into the fifth floor and marking a golden jubilee that looks every inch, good on her.

 

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The effervescent, glamorous and charismatic Erelu Olajumoke is an enigma, a colossus who has contributed immensely to humanity and the entire global economy. She is graciously blessed with the spirit of giving. Erelu Olajumoke, a magnanimous lady of substance, value and valor has been practically involved in various forms of empowerment, spreading love, passion and absolute generosity to the poor, the needy, the old (elderly), orphans, widows/widowers, the impoverished, the underprivileged and the intimidated members of the society. Endowed with an uncommon traits of great-heartedness, Erelu Olajumoke took it upon herself to alleviate the poverty levels of the people by directly, impacting on their lives.

 

Oftentimes, this legendary philanthropist, who is very much aware of the fact that health is indeed wealth, has organized various medical outreach programmes that yielded great impact on beneficiaries. Through Erelu Olajumoke Foundation, this amazon of beauty has transformed the lives of many, bringing in, health care professionals from around the globe to give succor to those with health challenges. Her roles in the rejuvenation and revamping of people’s health are awesome and iconic. Those who have benefitted from her tremendous medical contributions would always say lofty tales about her.

 

 

As an outstandingly committed child of God, Erelu Olajumoke who is currently basking in the euphoria of clocking 50, has been and still involved in fundraising activities towards her church and evangelism. Her passion and zeal for spreading the good news of God, winning souls into the Kingdom of God and expunging sinners from the gory dungeons of sin are highly recognized and commendable. She is absolutely emotional and animated to the church, the Gospel and everything about her Creator.

 

 

An extremely supportive partner, Erelu Olajumoke is simply, the strongest pillar of support to the political and democratic achievements of her beau, the distinguished Senator Oluwole Olubiyi Fadeyi, the dynamic and zestful Senator representing Osun Central Senatorial District at the Upper Chamber of the National Assembly, Abuja.

 

 

As a matter of fact, Erelu Olajumoke has displayed so much affection for the amiable Senator through unwavering support, unalloyed devotion to his democratic ideologies and strategies coupled with her reciprocating fondness for the people her hubby represents at the Red Chambers. Erelu Olajumoke synergized her benevolent acts with those of her beloved Senator Olubiyi Fadeyi by catering for constituency needs under his Osun Senatorial District covering Osogbo, Ila, Boripe, Odo-Otin, Boluwaduro, Ifedayo, Irepodun, Olorunda and Orolu Local Government Areas.

 

 

The ‘birthday girl’, Erelu Olajumoke regularly extends her olive oil of love, passion and care for all widowed women and men in these communities not excluding helpless and hopeless orphans, out of school children, those experiencing excruciating poverty amongst other less-privileged within the Osun Central Senatorial District and beyond. Erelu stands as a rock of Gibraltar, upholding the democratic values of her hubby with in-depth determination, perseverance and tenacity. As the First Lady of Osun Central Senatorial District, Erelu Olajumoke has performed meritoriously contributing immensely to the successful foray and great achievements of her best friend, her best adviser, best confidant and above all best lover, the distinguished Senator Ajagunla Oluwole Olubiyi Fadeyi, the Tayese II of Ifetedo Kingdom.

 

 

 

With the input and advise from Erelu Olajumoke, Senator Olubiyi Fadeyo has brought new hope to the good people of Osun Central Senatorial District, giving our palliatives and economic empowerment equipments like buses, cars, motorcycles, tricycles, hairdressing equipments, barbing gadgets, grinding machines, freezers amongst other vital poverty alleviation to drastically and astronomically reduce poverty from the shores of that senatorial district.

In a nutshell, Erelu Olajumoke, who will be gathering high net-worth dignitaries, top celebrities, society bigwigs, powerful political stalwarts, family, friends and well-wishers come Saturday to celebrate her joining the club of the 50s, could be described as an awesomely delectable queen with an uncommon heart of gold.

Happy birthday to this rare gem, a blessing to humanity and the solid pillar of support behind one of Nigeria’s most reliable Senators, Ajagunla Olubiyi Oluwole Fadeyi.

Barrister Olaitan Ilori

 

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