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Dangote Cement Acquires 2,000 Trucks for Distribution of Products

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Dangote Cement Acquires 2,000 Trucks for Distribution of Products

L-R, Chief Operations Officer, Dangote Oil Refining Company, Giuseppe Surace, Chairman Oriental Energy Resources, Mohammed Indimi, President / Chief Executive, Dangote Industries Limited, Aliko Dangote, Group Executive Director,  (Strategy, Capital Projects & Portfolio Development) Dangote Industries Limited, Devakumar  Edwin,    During the Facility Tour to Dangote Oil Petroleum, petrochemical Projects, Lekki Lagos on  Saturday 10th, July 2021

L-R, Chief Operations Officer, Dangote Oil Refining Company, Giuseppe Surace, Chairman Oriental Energy Resources, Mohammed Indimi, President / Chief Executive, Dangote Industries Limited, Aliko Dangote, Group Executive Director, (Strategy, Capital Projects & Portfolio Development) Dangote Industries Limited, Devakumar Edwin, During the Facility Tour to Dangote Oil Petroleum, petrochemical Projects, Lekki Lagos on Saturday 10th, July 2021

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L-R, Chairman Oriental Energy Resources, Mohammed Indimi, President / Chief Executive, Dangote Industries Limited, Aliko Dangote,  Group Executive Director,  (Strategy, Capital Projects & Portfolio Development) Dangote Industries Limited, Devakumar  Edwin, During the Facility Tour to   Dangote Oil Petroleum, petrochemical Projects, Lekki Lagos on  Saturday 10th, July 2021

L-R, Chairman Oriental Energy Resources, Mohammed Indimi, President / Chief Executive, Dangote Industries Limited, Aliko Dangote, Group Executive Director, (Strategy, Capital Projects & Portfolio Development) Dangote Industries Limited, Devakumar Edwin, During the Facility Tour to Dangote Oil Petroleum, petrochemical Projects, Lekki Lagos on Saturday 10th, July 2021

L-R, President / Chief Executive, Dangote Industries Limited, Aliko Dangote,  Chief Operations Officer, Dangote Oil Refining Company, Giuseppe Surace, Minister Of Transport, Rotimi  Amechi, During the Facility Tour to Dangote Oil Petroleum, petrochemical Projects, Lekki Lagos on  Saturday 10th, July 2021,

L-R, President / Chief Executive, Dangote Industries Limited, Aliko Dangote, Chief Operations Officer, Dangote Oil Refining Company, Giuseppe Surace, Minister Of Transport, Rotimi Amechi, During the Facility Tour to Dangote Oil Petroleum, petrochemical Projects, Lekki Lagos on Saturday 10th, July 2021,

…As Dangote Fertiliser Takes Delivery of 500 Trucks for Urea Distribution

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

To address challenges related to the ease of distribution and availability of cement across the country, especially among its value-chain service providers, Dangote Cement Plc has rolled out over 2,000 trucks for distribution services.

With an investment of $150 million, the company took delivery of trucks, trailers, bulk tankers, tippers, cargo trucks and bulk cement tankers. These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment of over 4,000 people in Nigeria.

Besides, Dangote Fertiliser, which recently made a grand entry into the market, has already taken delivery of 500 trucks from Dangote Sinotruk West Africa Limited (joint venture between Dangote Industries Limited and Sinotruk China) for the distribution of Urea to different States in Nigeria.

The newly acquired trucks are expected to improve the efficiency and effectiveness of Dangote Cement Logistics network of distribution nationwide, as the company plans to commission its new cement plant in Okpella Edo state in a few weeks.

“We have acquired the new trucks in line with our new expansion capacity in Obajana, Ibese, Gboko and the new cement plant at Okpella. The acquisition is due to the growing needs of the business, especially as regards the increased trucking demands encountered lately, due to the surge in the demand for cement,” according to the Group Executive Director – Logistics and Distribution, Dangote Industries Limited, Alhaji Abdu Dantata.

He added, “The establishment of our clinker export terminals at Apapa and Onne Port led to the purchase of heavy duty tippers for haulage of clinker from the plants to the terminals.

“The introduction of these trucks would improve customers’ demand, improve on job creation in the country, as well as promote the economic development of Nigeria.”

Dantata disclosed that the company takes seriously the issue of safety of truck drivers and road users, which necessitated the collaboration between the Federal Road Safety Corps (FRSC) and the company to attain zero tolerance to road crashes in the country. He said the company has embarked on adequate training on effective driving techniques.

According to him, the collaboration involves recertification of drivers, pre-trip and post-trip inspection, drug test, real time tracking of vehicles, root cause analysis, convoy movement, checkpoint policy and sanctions among several others.

The locally assembled Sinotruk Howo trucks came in as semi-knocked-down kits (SKD), which were effectively assembled and commissioned for operations.

Dantata, who coordinates the group Logistic and Transport function, assured that the Dangote Sinotruk would continue the importation of semi-knocked-down kits into the assembling plant to support customers’ demand and improve on job creation in the country

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AIGBOJE AIG-IMOUKHUEDE APPOINTED PRESIDENT OF FRANCE NIGERIA BUSINESS COUNCIL

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AIGBOJE AIG-IMOUKHUEDE APPOINTED PRESIDENT OF FRANCE NIGERIA BUSINESS COUNCIL

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

At the esteemed Choose France Summit 2024, held on Monday, May 13, 2024, Aigboje Aig-Imoukhuede, the Chairman of Access Holdings PLC, was formally appointed as the President of the France Nigeria Business Council (FNBC) by the President of the French Republic, President Emmanuel Macron.

Aigboje Aig-Imoukhuede having a handshake and a tête-à-tête with President Macron at the Council’s meeting with the President, and Gilbert Chagoury looking on.

The France Nigeria Business Council (FNBC) stands as a pivotal coalition of Nigerian private sector business leaders, committed to enhancing bilateral relations between Nigeria and France. Its core objectives revolve around the facilitation of trade, investments, infrastructural development, job creation, and cultural integration between the two nations.

Since its establishment in June 2021 under the auspices of President Emmanuel Macron, the FNBC has diligently utilised its member network to champion investments across key business sectors, fostering cultural understanding and driving economic growth between Nigeria and France. Notably, it has catalysed Nigerian businesses’ ventures into investment opportunities within France.

Comprising 13 distinguished members, the Council boasts prominent figures including Aigboje Aig-Imoukhuede (President), Abdul Samad Rabiu, Gilbert Chagoury, Mike Adenuga, Aliko Dangote, Jim Ovia, Tony Elumelu, and John Coumantaros. Additionally, Kola Karim, Leo Stan Ekeh, Daisy Danjuma, Gbenga Agboola, and Jean Haas serve as integral members, with Jean Haas holding the position of Secretary.

Aig-Imoukhuede’s appointment follows the passing of Herbert Wigwe, the Council’s former President, in February 2024.

Aigboje Aig-Imoukhuede having a handshake and a tête-à-tête with President Macron at the Council’s meeting with the President, and Gilbert Chagoury looking on.

The Choose France Summit is an annual gathering that convenes business magnates, investors, and governmental dignitaries to explore investment prospects within France. The highlight of the Summit was the Presidential Dinner, characterised by high-level engagements and mutual commitments between participating parties.

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ACCESS BANK (SL) LTD STRENGTHENS LEADERSHIP TEAM WITH KEY BOARD APPOINTMENTS, NAMES NEW CHAIRMAN

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Bank Sierra Leone Ltd (‘Access Bank (SL) Ltd’) has announced the appointment of new executives to its Board of Directors (‘the Board’), further strengthening its leadership team and advancing the implementation of its growth and transformation strategy.

These appointments also reflect the Bank’s commitment to fostering growth and development while maintaining the highest standards of governance and stewardship.

Joining the Board as Non-Executive Directors are Maurice Nathaniel Cole, Nsikak N. Usoro, Michala Mackay, Ibrahim Khalil Lamin, and Kolawole Augustine Ajimoko.

The appointees boast a wealth of expertise from diverse sectors, including banking, telecommunications, corporate governance, compliance, and finance. Their combined experience and vision will contribute to shaping the future trajectory of Access Bank (SL) Ltd.

Cole will serve as Chairman, following the exit of Alice Marie Onomake and will bring his experience to the fore as Access Bank (SL) Ltd works to consolidate its market position and deliver value for all its stakeholders.

“We are thrilled to welcome our new executives to Access Bank (SL) Ltd,” said Ganiyu Sanni, Country Managing Director, Access Bank Sierra Leone Ltd. “Their leadership and vision will be invaluable as we navigate through challenges and pursue sustained success. We extend our gratitude to outgoing Chairman, Alice Marie Onomake, and Non-Executive Director, Aminata B. Dumbuya, for their dedicated service and contributions to the Bank.”

Access Bank (SL) Ltd remains committed to excellence, transparency, and accountability as it embarks on this exciting new chapter. The Bank looks forward to leveraging the collective expertise of its leadership team to drive innovation, foster growth, and create lasting impact for its customers and communities.

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Access Holdings Vests 23.8 million Units of Shares on Senior Executives

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H


In line with the disclosure requirements of the Securities and Exchange Commission and the Nigerian Exchange Limited, Access Holdings Plc , Africa’s leading financial services group, has announced the award of 23.8 million ordinary shares to some of its senior executives and executives of Access Bank, its flagship subsidiary.

This is in pursuant of the terms of its shareholders approved Employees Performance Share Plan.


Bolaji Agbede, the Acting Group Chief Executive Officer of Access Holdings, Roosevelt Ogbonna, the Managing Director/Chief Executive Officer of Access Bank, and six others were vested with 23,883,790 units of the Group’s shares, worth a combined N427.13 million.


This was disclosed via notices duly filed with the Nigerian Exchange Limited on Tuesday.


According to the filings, Ogbonna got the highest amount of shares totalling 12,345,679 units and worth N220.37 million, having been traded at N17.85 per share.


Agbede was vested with 2,216,992 units of shares, valued at N39.795 million.


Other directors, who had shares vested include Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank, with 1,234,568 worth N22.16 million; Iyabo Soji-Okusanya, Executive Director, Commercial and Investment Banking Division, Access Bank, with 1,691,308 at N17.95 per share.

Her vested shares are valued at N30.36 million, and Chizoma Okoli, Access Bank’s Deputy Managing Director, Retail South, who got 1,728,395 units valued at N30.85 million.


Dr Gregory Jobome, Executive Director, Risk Management, and Hadiza Ambursa, Executive Director, Commercial Banking, were each vested with 1,728,395 valued at N30.85 and N31.02m respectively.

Access Holdings’ Company Secretary, Sunday Ekwochi, was vested with 1,210,058 units of the Group’s shares worth N21.72m.


The shares were vested on May 3rd and May 6th.


The vesting of the shares is not a purchase or sale transaction in the context of the Exchange’s Rules.

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