celebrity radar - gossips
Dangote Cement woos investors with N100 billion issue
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
Powerful dignitaries, high net worth personalities storm Omorede Osifo’s diamond jubilee celebration in Marbella Spain
Powerful dignitaries, high net worth personalities storm Omorede Osifo’s diamond jubilee celebration in Marbella Spain
.. How she has attained so much professional, political heights at 60
The beautiful city of Marbella in Spain was thrown into a colorful and electrifying mood when one of Nigeria’s most celebrated, iconic political Lionesses, the debonair banker turned politician, Lady Omorede Osifo was serenaded with a sumptuous and deluxe 60th birthday gig.
The dynamic political empress and symbol of selfless service to humanity who served diligently and faithfully as the honourable Commissioner for Youth and Sports in Edo State was flabbergasted by the amazing love shown to her by friends, family and well-wishers who thronged the alluringly beautiful hall to give her an indelible birthday celebration. The event tagged @omorede_osifo is now the talk of town as high networth dignitaries, celebrities from all walks of life and different parts of the world all made their presence significant for the celebrant to ruminate over in many years to come.
Lady Omorede Osifo is a quintessential democrat who committed much of her time and energy in serving the people. The birthday babe whose special day fell on 8th of May has come, saw and conquered in the so-called murky waters of Nigerian politics. She served perfectly as State Commissioner, Deputy National Treasurer of the ruling All Progressives Congress (APC),
Special Adviser on Women Mobilization in Edo State and as a distinguished representative of her people.
As the celebration of the 60th birthday of this lady of glam, glitz and panache unfolded, it became clear that this gathering was not just a personal milestone for Hon. Lady Omorede Osifo but also a reaffirmation of commitment among political leaders to work together. The convergence of these key figures in the political arena serves as a reminder of the potential for collaborative efforts to foster progress and uplift the community.
Her birthday celebration was a testament to the strength of unity in political engagement, highlighting the significance of personal connections in the realm of governance.
As Hon. Lady Omorede Osifo embarks on another year, the expressions of support and solidarity from her fellow dignitaries promise a future filled with collaborative achievements and shared goals for the betterment of their constituents.
Hon. Lady Omorede Osifo is a fantastic leader who wants the best for her people. She is personally committed to the transformation of women and two girl child in Edo State and she has also been at the top echelon of her political party, the APC with her selfless efforts recognized and appreciated by His Excellency President Bola Ahmed Tinubu GCFR as well as her superb democratic contributions to the growth and development of Edo State under the leadership of His Excellency Governor Monday Okpebholo who has overtime shown appreciation to her for being a dedicated and patriotic loyal daughter of Edo State. Even the Oba of Benin Kingdom bestowed on her the Prestigious Royal Beads which is given to Chiefs in recognition of her deep passion for the historical city of Benin.
This year, all road led to the serene city of Marbella, Spain for the celebration of her 60th birthday and a opportunity for her to appreciate her Creator, the Almighty God as well as every single individual that has played significant roles in her life.
Attaining the diamond age of 60 is never a child’s play, it’s a moment of sober reflection and commendation to God. We at Black Celebrity Magazine wish the indefatigable and indomitable Hon. Lady Omorede Osifo a very happy 60th birthday and many more years to live in perfect health and more success.
celebrity radar - gossips
Confusion, Panic As Reports Of Alexx Ekubo’s Death Rock Nollywood
Confusion, Panic As Reports Of Alexx Ekubo’s Death Rock Nollywood
The Nigerian entertainment industry was thrown into confusion and panic on Tuesday following viral reports alleging that popular Nollywood actor, Alexx Ekubo, had died at the age of 40.
The shocking claim, which spread rapidly across social media platforms and blogs, alleged that the actor died in Lagos after battling undisclosed health complications, sparking an outpouring of grief from stunned fans and colleagues.
As the rumours gained momentum online, several actors, movie producers and entertainment enthusiasts flooded Instagram and X with emotional reactions, describing the development as “heartbreaking,” “unbelievable” and “a dark day for Nollywood.”
Actor Godwin Nnadiekwe was among those who reacted emotionally, reportedly lamenting that the industry had lost “a rare soul” whose charisma and talent helped shape modern Nollywood.
Alexx Ekubo, widely admired for his stylish persona, romanti movie roles and strong social media influence, rose to prominence after emerging first runner-up at the 2010 Mr Nigeria competition before becoming one of Nollywood’s most sought-after actors.
The development also reignited conversations surrounding the actor’s prolonged absence from social media in recent months, which had earlier triggered concern among fans over his wellbeing.
Despite the widespread reports, confusion continued to trail the story as no official statement had been issued by the actor’s family, management or close associates confirming the alleged death as of press time.
The uncertainty surrounding the reports further fueled tension online, with many Nigerians demanding clarity while others urged the public against spreading unverified information.
celebrity radar - gossips
JOY AS SHEBABY SPARKS PREGNANCY SPECULATION YEARS AFTER MARRIAGE
JOY AS SHEBABY SPARKS PREGNANCY SPECULATION YEARS AFTER MARRIAGE
Popular Nigerian actress, singer and dancer, Seyi Ariyo, popularly known as Shebaby, has stirred reactions on social media following speculations that she is expecting a child years after getting married.
The development has generated excitement among fans and colleagues, especially on Instagram where many have continued to flood her page with congratulatory messages and prayers.
While some admirers celebrated the actress and prayed that her joy would be permanent, others pointed to a viral video currently making rounds online, where several entertainers, among them Oyita, a close friend, Tawa Ajisefinni, Seyi Ẹdun, Bukky Fagbuyi, and a host of others including Olú Maintain, were seen rejoicing and congratulating her.
Although Shebaby is already a mother with a grown daughter, the latest development has continued to attract attention within the entertainment industry and among her followers.
Before now, the London-based entertainer had built a strong reputation for herself in both music and acting. She has released several songs and also worked alongside notable Fuji star Wasiu Alabi Pasuma and other respected entertainers in the industry.
In the movie sector, Shebaby is also regarded as a household name. Sources close to the actress revealed that she is currently working on a new project titled Father Forgive Me.
Fans and colleagues have continued to pray for the actress, wishing her safe delivery and more happiness in her home.
#Shebaby #SeyiAriyo #EntertainmentNews #Nollywood #Pasuma #Olumaintain #CelebrityNews
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