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Shareholders hail Dangote over Cement’s N272.6bn dividend

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Shareholders hail Dangote over Cement’s N272.6bn dividend

Shareholders of Dangote Cement Plc on Wednesday commended the Management of the company for an impressive performance despite the economic challenges in the year under review.

 

 

Unanimously, the shareholders approved N272.6 billion as a dividend, translating to N16 per share for the year ended December 31, 2020. The 16 percent increase in the company’s revenue led to a 36 percent increase in its earnings per share of N16.14 as against N11.29 in 2019.

 

The shareholders at the virtual 12th Annual General Meeting (AGM) held in Lagos commended the management for the full disclosure provided for the year, share buyback process and the various donations made at COVID-19 pandemic.

 

Speaking on behalf of shareholders, the founder, Independent Shareholders Association of Nigeria, Sir Sunny Nwosu commended the company for attaining a trillion-naira revenue growth, saying that the Company is moving in the best way of corporate governance.

 

He appealed to the Company to prevail on its numerous distributors who arbitrarily sell cement at very high costs as against the real factory price, thereby making so much profit for themselves.

 

Also, a shareholder, Non Awoh applauded the board for the consistency in dividend payout, urging the board to consider payment of dividend twice a year.

 

Speaking to shareholders, the Chairman of Dangote Cement Plc, Aliko Dangote assured the shareholders of better returns always, noting that the company is doing everything possible to create wealth for its shareholders and other stakeholders. He further said despite the challenging year surrounding by COVID-19 pandemic, 2020 was a record year for us across the board.

 

“Dangote Cement hit the N1 trillion mark in terms of revenue. Group revenues were up 16 percent compared to 2019. We record Group cement sales of 25.7 million tonnes (Mt) and revenues of N1.034 trillion. Most notably was our record-high EBITDA of N478.1 billion, up 20.9 percent compared to 2019…”

 

Dangote said that the board maintains the 2019 dividend of N16 per share, reinforcing its commitment to maximizing shareholder value.

Also, the chairman said, “In 2020, we commissioned our Apapa and Onne export terminals in Nigeria and commenced clinker exports to West and Central Africa. The vision for our exporter strategy is to make West and Central Africa cement and clinker self-sufficient, with Nigeria as the main supplier and exporter. We also remain focused on meeting the demand in Nigeria and as such, we increased our capacity by three metric tonnes (MT) on Obajana and we commissioned our gas-fired power plant in Tanzania.

 

“Our Nigerian domestic operations sold 15.6Mt, up 14.3 percent year-on-year, growing ahead of the market. This strong volume growth was enhanced by our successful innovative national consumer promotion ‘Bag of Goodies- Season 2’, lower rains in the Q3 compared to the previous year, and the low-interest-rate environment driving strong demand for real estate assets and supporting the construction sector.

 

“Pan-Africa volumes were up by 4.4 percent to 10.0Mt despite the various lock-downs and restrictions in 2020. The Pan-African region achieved a record high EBITDA of N71.3 billion, up 49.0 percent, notably supported by strong performance in Ethiopia and Senegal.”

 

On the outlook for 2021, Dangote said the Company remains optimistic about the future, saying that the board is considering all strategic and financial options for the company. “We will continue to improve our efforts in sustainability by applying ‘The Dangote Way’ to the seven Sustainability Pillars of our business culture and operations. We are also focused on increasing capacity in the Nigerian market and building grinding plants across West and Central Africa to be fed clinker from Nigeria.”

 

He noted further that, “We welcome the Africa Free Trade Agreement which supports our export strategy and long-term growth in Africa. Dangote Cement is well-positioned to capture demand driven by the economic recovery in 2021, as the region recovers from the impact of the pandemic and all our countries of operation return to growth.”

 

Also, the Group Managing Director/CEO of Dangote Cement Plc, Michel Puchercos said that despite the impact of the COVID-19 pandemic, 2020 was a record year for Dangote Cement across the board.

 

On share buyback, he stated that Dangote Cement is constantly exploring ways of creating value for its shareholders, in addition to its consistent dividend and capital appreciation. He said: “The company has also been pursuing several options such as the share buyback programme to return cash to its shareholders.”

He added that “Our strategy is to make the company more attractive to investors in the near term and for future long-term growth.”

Puchercos said that “The outlook for the company is very positive as we are focused on meeting the demand locally and across Africa. We look forward to the African Continental Free Trade Agreement supporting our export strategy to West and Central Africa.”

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14 Reasons Nigerians Should Own Property with the Trusted Real Estate Brand

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14 Reasons Nigerians Should Own Property with the Trusted Real Estate Brand

 

As part of activities marking its 14 years of transforming Nigeria’s real estate landscape, Adron Homes and Properties has unveiled 14 compelling reasons why individuals and families should consider owning property with the company reinforcing its commitment to accessible, stylish, and sustainable homeownership.

 

In a statement released by the company, Adron Homes described property ownership not just as an investment but as a strategic lifestyle decision rooted in long-term security, wealth creation, and community development. The company noted that over the past 14 years, it has remained consistent in providing affordable housing solutions while delivering well-planned estates that cater to diverse income levels.

 

According to the statement, Adron Homes’ success is anchored in its strong value proposition, which ranges from affordable pricing and flexible payment structures to prime estate locations nationwide. The company emphasized that its gated communities are designed with security, modern architectural standards, and structured infrastructure that ensure comfort and functionality for residents.

 

Adron Homes further highlighted its transparent documentation process and verified property titles, which have continued to boost investor confidence and encourage long-term property ownership among Nigerians at home and in the diaspora. The company added that its developments are intentionally designed to promote thriving communities, environmental sustainability, and long-term urban planning.

 

With a proven track record of helping thousands of customers achieve their property dreams, Adron Homes reaffirmed its commitment to delivering high-value investments that appreciate over time while maintaining strong customer service support from initial inquiry to allocation and beyond.

 

The organisation also noted its culture of appreciation for clients, partners, and staff through consistent reward programmes and promotional incentives. This strategy has strengthened loyalty and deepened engagement across its growing customer base.

 

Reflecting on its 14-year journey, Adron Homes reiterated that its mission goes beyond selling land and houses; it focuses on building vibrant communities where families thrive, investments grow, and futures are secured. The company encouraged Nigerians to take advantage of its flexible ownership opportunities, stressing that the best time to invest in property is now.

 

As it continues to expand its footprint across Nigeria, Adron Homes remains committed to innovation, excellence, and redefining the real estate experience through sustainable developments that stand the test of time.

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Ogun Unveils Plan for ₦1bn AI-Driven Digital Classroom at Remo Secondary School

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Ogun Unveils Plan for ₦1bn AI-Driven Digital Classroom at Remo Secondary School

 

The Ogun State Government has announced plans to deliver a 900-capacity, Artificial Intelligence-enabled digital learning complex at Remo Secondary School, Sagamu, in a move aimed at strengthening technology-based education across the state.

Governor Dapo Abiodun disclosed activities marking the institution’s 80th anniversary, noting that the proposed facility represents a deliberate investment in modern learning infrastructure designed to prepare students for a rapidly evolving, knowledge-driven global economy.

He explained that the digital classroom project complements ongoing smart-education initiatives within the school, which already features a functional resource centre and a state-of-the-art robotics laboratory established to nurture innovation, problem-solving skills, and digital competence among learners.

Reaffirming his commitment to the school’s growth, the governor announced a financial pledge of ₦100m, stating that ₦50m representing half of the amount would be released immediately to kick-start development efforts. He also assured stakeholders that at least one of the outlined projects would be fully executed before the end of his administration.

Abiodun further disclosed that the state government had upgraded the school’s science laboratories, equipping them with modern facilities and teaching tools to ensure safer and more effective practical learning experiences for students.

He added that renovation works had also been completed on both the male and female hostels to improve accommodation standards, enhance security, and promote the overall well-being of boarding students.

Describing Remo Secondary School as a symbol of enduring heritage, the governor said the anniversary celebration went beyond mere commemoration of years of existence, emphasising the institution’s long-standing role in shaping generations of leaders and professionals.

He praised members of the old students’ association for their unwavering support and contributions to the school’s development, stressing that their collective efforts demonstrate a shared commitment to sustaining its legacy of excellence.

According to him, the projects and improvements carried out at the school reflect a strong belief in education as a foundation for future growth, as well as the power of collaboration between government, alumni, and the wider community.

Abiodun also revealed that the institution had been recognised as one of Ogun State’s model schools, urging students to remain focused on their academic pursuits, uphold strong moral values, and continue the tradition of excellence for which the school is known.

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BUA Group Chairman, Abdul Samad Rabiu, Calls for Shift from Extraction to Value Addition at AFC Event during Mining Indaba 2026

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BUA Group Chairman, Abdul Samad Rabiu, Calls for Shift from Extraction to Value Addition at AFC Event during Mining Indaba 2026

Cape Town, South Africa

 

Founder and Executive Chairman of BUA Group, Abdul Samad Rabiu CFR CON, has called for a decisive shift in Africa’s development strategy, urging governments, financiers, and the private sector to move the continent from raw material extraction to large scale industrial processing and value addition.

Rabiu made the remarks as Special Guest of Honour at an Africa Finance Corporation forum during Mining Indaba 2026, where African leaders, policymakers, financiers, and industry executives gathered to discuss the future of mining, industrialisation, and real sector development on the continent.

Commending AFC for its role in mobilising long term capital for Africa’s industrial sectors, Rabiu noted that the institution’s leadership and recent S&P Global rating with a positive outlook underscored the importance of strong development finance institutions in shaping Africa’s growth trajectory.

Drawing from BUA Group’s experience, he recounted the company’s decision over sixteen years ago to transition from cement importation to local production in Nigeria, despite the capital intensity and long gestation periods associated with mining and heavy industry.

“At the time, Nigeria was importing cement despite being richly endowed with limestone,” Rabiu said. “We were spending more time chasing foreign exchange than selling cement. The real question was not whether the resources existed, but whether there was enough conviction to stop importing and start producing locally.”

Today, he noted, BUA mines and processes about forty thousand tonnes of limestone daily, producing roughly one million tonnes of cement every month. That shift has helped Nigeria move from being a cement importer to a net exporter, saving the country billions of dollars in foreign exchange annually.

Rabiu stressed that such transformation would not have been possible without patient, long term financing from DFIs, particularly the Africa Finance Corporation, which has supported BUA’s cement and industrial operations with over four hundred million dollars in financing.

He added that a significant portion of those facilities has already been repaid, demonstrating that well structured African industrial projects are not only developmental but also commercially viable and recyclable.

Turning to the broader continental picture, Rabiu highlighted what he described as a structural paradox: Africa remains one of the world’s most resource rich regions, yet exports the bulk of its minerals and agricultural produce in raw or minimally processed form.

 

He cited examples across gold, cobalt, copper, iron ore, diamonds, and cocoa, noting that while Africa supplies much of the world’s raw inputs, it captures only a fraction of the value created downstream.

“Africa does not lack resources,” he said. “What it lacks is processing capacity, industrial scale, and disciplined execution.”

He argued that the same challenge extends beyond mining into agriculture, where Africa holds a majority of the world’s arable land yet continues to import billions of dollars’ worth of food annually.

Rabiu called for coordinated action among governments, DFIs, and the private sector, urging DFIs to scale long term financing targeted at beneficiation and industrial value chains, while governments adopt deliberate policies that incentivise local processing and invest in power, transport, and industrial infrastructure.

“Industrialisation does not happen by accident,” he said. “Countries that industrialised did so by design, not by chance. Africa must do the same.”

He concluded by stressing that Africa’s opportunity lies in aligning private enterprise, patient capital, and supportive policy to move the continent from extraction to transformation, and from potential to shared prosperity.

 

BUA Group Chairman, Abdul Samad Rabiu, Calls for Shift from Extraction to Value Addition at AFC Event during Mining Indaba 2026
Cape Town, South Africa

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