Connect with us

Business

RESIDENT CEMENT FACTORY ANNOUNCES NEW CEMENT PLANT IN GWANA DISTRICT BY CHINEDU NSOFOR

Published

on

RESIDENT CEMENT FACTORY ANNOUNCES NEW CEMENT PLANT IN GWANA DISTRICT

BY
CHINEDU NSOFOR

 

 

Bauchi, Nigeria – In a significant development for the industrial landscape of Bauchi State, Resident Cement Factory has unveiled plans to establish a state-of-the-art cement plant in the Gwana District. Group Chairman Dr. Abbas Waziri made the announcement during a meeting with Governor Bala Mohammed, highlighting the factory’s capacity to produce 10 million tons of cement annually. The initiative aims to tackle unemployment and drive economic growth in the area.

Governor Mohammed Expresses Approval and Support

Governor Bala Mohammed has expressed strong support for the project, which has been set in motion following his meeting with the leadership of Resident Cement Company Nigeria Ltd., led by the Commissioner of Natural Resources, Hon. Mohammed Maiwada Bello. Governor Mohammed conveyed his administration’s commitment to leveraging Bauchi State’s natural resources for economic development. “This investment reflects a significant vote of confidence in Bauchi State,” the Governor stated. “As the 4th most investment-friendly state, we are committed to fostering an environment conducive to all forms of investment.”

Economic Impact and Job Creation

The establishment of the cement plant is expected to bring substantial economic benefits to Bauchi State. The Governor emphasized the anticipated job creation and broader economic development that the project promises. The collaboration with Resident Cement Factory aligns with the state’s broader strategy to boost industrial development and enhance economic prosperity.

Partnership with Sinoma Nigeria Company

Dr. Abbas Waziri, Group Chairman of Resident Cement Factory, expressed gratitude for the warm reception and commendable leadership shown by Governor Mohammed. The $500 million project will see Sinoma Nigeria Company, a renowned Korean entity, as the contractors, ensuring the highest standards of construction and operational efficiency. “We are eager to commence this venture, promising an unflinching collaboration between Resident Cement Factory and Bauchi State,” remarked Dr. Abbas Waziri

Exploration and Expansion Plans

Resident Cement Factory is not limiting its activities to Bauchi State alone. The company is currently conducting explorations in Sokoto, Taraba, and Kogi States, aiming to expand its operations and establish the largest cement plant in Nigeria.

Dr. Abbas Waziri: A Visionary Leader

Dr. Abbas Waziri, a distinguished figure in academia, finance, and entrepreneurship, was born and raised in Nigeria. He demonstrated exceptional intellect and determination from a young age, earning a Ph.D. in Pharmacognosy from Ahmadu Bello University (ABU) and a second Ph.D. in Finance and Economy from Harvard University. His academic pursuits laid a solid foundation for his entrepreneurial ventures.

Business Conglomerate

Dr. Waziri is the visionary founder and chairman of a diversified business conglomerate. His enterprises include:

Resident Investment PLC: Aiming to drive sustainable economic growth and empower communities through strategic investments.

Tradomed Pharmaceuticals Group: Focused on integrating traditional medicine into modern healthcare systems.

Kware Cement Company Limited: Set to impact the construction industry with a state-of-the-art cement factory.

Fodio Farms: Dedicated to modernizing farming practices and enhancing food security in Nigeria.

Resident FinTech Limited: A pioneering force in the realm of Financial Technology.

Philanthropy and Social Impact

Beyond his entrepreneurial endeavors, Dr. Waziri is deeply committed to philanthropy and social responsibility. His initiatives support education, healthcare, and community development. His herbal and malaria medicines have been distributed freely to those in need across several Nigerian states, including Bauchi, ensuring that his philanthropic efforts provide tangible benefits to society.

Legacy and Impact

Dr. Waziri’s multifaceted career exemplifies a rare blend of academic excellence, entrepreneurial vision, and social responsibility. His contributions have left an indelible mark on the Nigerian economy and society at large. As a thought leader and philanthropist, Dr. Waziri remains committed to advancing knowledge, fostering innovation, and creating opportunities for prosperity.

Conclusion

The establishment of the new cement plant by Resident Cement Factory marks a significant milestone for Bauchi State, promising economic growth, job creation, and enhanced industrial development. With the unwavering support of Governor Bala Mohammed and the visionary leadership of Dr. Abbas Waziri, the future looks bright for this transformative project.

 

RESIDENT CEMENT FACTORY ANNOUNCES NEW CEMENT PLANT IN GWANA DISTRICT
BY
CHINEDU NSOFOR

Business

Elite 18 global golfers honours Aare Adetola Emmanuelking with Nigeria’s first ever Noble Golfer award

Published

on

Elite 18 global golfers honours Aare Adetola Emmanuelking with Nigeria’s first ever Noble Golfer award

In a landmark celebration of sportsmanship, leadership, and vision, Aare Adetola Emmanuelking, the esteemed Chairman and Chief Executive Officer of Adron Homes and Properties, has been honored with Nigeria’s inaugural Noble Golfer Award. This prestigious accolade was conferred upon him by the renowned Elite 18 Global Golfers during a high-profile event that brought together key figures from the sports, real estate, and business sectors.

The Noble Golfer Award recognizes individuals who have shown steadfast dedication to advancing the game of golf and promoting sports culture in their communities. Aare Emmanuelking’s nomination exemplifies his exceptional commitment to enriching the golfing landscape in Nigeria, alongside his broader initiatives aimed at fostering sports development across the nation.

Aare Emmanuelking is not merely a business leader; he is a pioneer in integrating golf into modern lifestyle experiences. Currently, he is leading the ambitious development of a state-of-the-art golf course in Nigeria a monumental project that aspires to redefine leisure, tourism, and sporting excellence within the country. This golf course aims to provide a premier playing experience while also serving as a social hub for golfing enthusiasts and the community at large.

In a bid to make golf more inclusive and accessible, Aare Emmanuelking has also initiated the construction of advanced golf driving ranges in all Adron Homes Estates across Nigeria. This visionary project is designed to encourage participation in the sport among Nigerians of all ages and backgrounds, fostering wellness, recreation, and community engagement as integral parts of Adron’s residential developments.

At the award presentation, Aare Emmanuelking conveyed his heartfelt gratitude for the recognition, emphasizing his belief in the transformative power of sports as a vehicle for national development and youth empowerment. He remarked, “Golf is not just a game; it exemplifies discipline, a distinct lifestyle, and a pursuit of excellence. Through Adron Homes, we are not merely constructing houses—we are nurturing communities built on the foundations of wellness, unity, and opportunity.”

The Elite 18 Global Golfers commended Aare Emmanuelking’s innovative approach, highlighting how he effectively merges real estate advancements with world-class sports infrastructure. They acknowledged that his efforts have the potential to inspire a new generation of golfers and to position Nigeria as a premier destination for international golfing events.

As Aare Adetola Emmanuelking continues to break new ground in both the real estate and sports development arenas, receiving this award serves as a testament to his lasting influence—not only in the realms of business but also in cultivating a legacy of excellence, one fairway at a time. His contributions are poised to create lasting change, inspiring future generations and fostering a vibrant culture of sport and community in Nigeria.

Continue Reading

Bank

WHO IS AFRAID OF FIDELITY BANK -By Udeme Etukeyen

Published

on

WHO IS AFRAID OF FIDELITY BANK -By Udeme Etukeyen

Leading up to the recent superlative annual reports showcasing one of the most significant growth experienced by a Nigeria Financial Institution in recent years I was forced to ask “what is Fidelity Bank” doing right?

My banking and financial sector experience got me digging deeper into the statistics of the report-Fidelity Bank recorded a substantial 210.0% growth in PBT, reaching N385.2 billion in FY 2024. Deposits increased by 47.9%, from N4.0 trillion in 2023FY to N5.9 trillion in 2024FY, Gross earnings shooting by 87.7% to N1,043.4 billion which was primarily caused by a 106.9% increase in interest and similar income. Was I impressed? Absolutely

Now to the scary part, they opened the year with a bang implying that 2025 year end results was going to be nothing but spectacular; check this out-Fidelity reported a whooping 167.8% increase in PBT (Profit Before Tax)to N105.8 billion in Q1 2025, compared to N39.5 billion in Q1 2024. Gross earnings from January to April had reached some N315.421 billion signaling a 64.21% increase year-on-year.

These results were nothing short of astonishing and with great hope I sat my team to review our Investment Strategy to accommodate taking up equities in Fidelity and advising our portfolio investors to do same.

We quickly appraised the fundamentals and Key Success Factors to include their focus on the strategic youth economy that the Creative and Digital Transformation sector promises, the banks bullish inroads in MSME promotion and financing, their glowing penchant for Gender inclusion without abandoning the core sectors of Mining, Renewables and other key industries

Then came the dissecting of Leadership, my team of analysts mostly female went on about Fidelity MD being one of the most experienced and affable Amazons in the industry; done this, achieved that and all the entreaties you’d expect from smart ladies who feel mentored from a distance. I didn’t hesitate to draw their attention to the experience of the menfolk within the organization like I had any measurable data to establish that mix…truth remains you can’t but admire the Banks Leadership and strides

A deeper look at the banks expansion globally could reveal a strategic and noiseless acquisition of Union Bank,London and their planned incursion into African and other European financial markets, you just can see that such daring strides and impact would give competition and detractors sleepless nights. Not in an era where sleeping pills are sold strictly by prescription and no thanks to the high cost of medication for peddlers of cheap propaganda

Within barely 30days of announcing such magnificent results little wonder how pundits would cook or spin a narrative to suggest a bank that has announced herself as First Tier with shoulders leveled up with other Banking giants would shudder over a judgement against her customer G.Cappa or even the contribution they would be required to cough out over that said Sagecom saga. With that judgement not going the way of pundits a contemptuous attempt at calculating interest at unclassified rates from an initial N14b to cause an unnecessary scare or negative press on the bank speaks volumes of how we unrepentantly strive to destroy value in our economy.

One would think that interpretation of the judgment and computation of due figures which will understandably come with a payment plan be awaited instead of the usual bad blood generated and envisaged by toddler media characters.

It is not in doubt that the discerning public sees through the cruise and flat falling attempt of dramatic clout chasers ever ready to stain Fidelity’s white apparel which savvy Investors and analysts are filled with bridal admiration

Like Joseph Campbell hinted in his famous quote “The cave you fear to enter holds the treasure you seek.” We cast our treasures and bets on Fidelity Bank as the Nigerian treasure house to beat in the years ahead!

*Udeme Etukeyen is an Abuja based Pan African Investment Advisory Expert*

Continue Reading

Business

Jemras Homes Unveils Treasure Mall in Lekki with a Star-Studded Grand Opening Ceremony

Published

on

Jemras Homes Unveils Treasure Mall in Lekki with a Star-Studded Grand Opening Ceremony

Jemras Homes, one of Lagos’ fastest-growing real estate firms, held a vibrant and star-studded grand opening of its debut commercial property, Treasure Mall, on Thursday, May 15, 2025, at Abijo GRA, Lekki-Ajah.

The colourful ceremony brought together top political figures, industry leaders, celebrities, and business stakeholders to celebrate the launch of this landmark development.

The event was graced by notable personalities, including Hon. Moshood Aro, member of the Lagos State House of Assembly; Hon. Fatiu Salisu, the immediate past Chairman of Ijede LCDA; and veteran actor and brand ambassador of Jemras Homes, Alhaji Taiwo Hassan, popularly known as Ogogo.

While addressing the press, Ogogo shared his deep connection with the brand “My relationship with Jemras Homes goes beyond mere brand representation — it’s a partnership rooted in trust, shared values, and a commitment to excellence. I believe in what the company stands for and the vision it’s bringing to life in the Nigerian real estate space.”

The Founder of Jemras Homes, Mr. Tayo Razaq, also delivered a heartfelt speech during the event, describing the company’s mission and the long-term value Treasure Mall offers “Treasure Mall is more than a building — it is a statement of our dedication to quality, innovation, and strategic investment. We are creating not just spaces, but opportunities that empower businesses and elevate communities.”

The grand opening was a lively affair, complete with music, entertainment, and testimonials from satisfied clients and partners who praised the transparency, quality, and professionalism of Jemras Homes. The atmosphere reflected the company’s growing reputation for delivering smart and stylish real estate developments.

Treasure Mall is a 1,350-square-meter, three-floor commercial complex offering business spaces ranging from 25 to 110 square meters. Located in the heart of Lekki’s flourishing Abijo GRA, it features ample parking, 24/7 security, and cutting-edge infrastructure — ideal for retail outlets, cafés, restaurants, and office spaces.

Strategically positioned near landmarks such as Lagos Business School, Novare Mall, and over 15 private estates, Treasure Mall also shares a boundary with the soon-to-be-completed Treasure 2 Residence — adding significant residential appeal to the area.

With this successful launch, Jemras Homes has not only unveiled a premium commercial destination but also reinforced its position as a visionary leader in Nigeria’s real estate sector.
[5/16, 8:41 AM] Peace: Pix

Continue Reading

Cover Of The Week

Trending