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Police parade 15 suspects for ‘robbery’, ‘rape’

The Ondo State Police Command yesterday paraded 15 suspects for alleged involvement in armed robbery and rape. The suspects were paraded at the headquarters of the state Police Command in Akure, the state capital, by the state Commissioner of Police, Mr. Bolaji Salami. Of the suspects, 12 were arrested for alleged armed robbery while three others were arrested for allegedly gang-raping a lady, who they made drunk before allegedly committing the act. Salami said all the suspects have confessed to their crimes, which were committed between May and June 2021. In one of the incidents, Salami said one Oluwajuwon was arrested after robbing Oluwatotimi Tosin of his Bajaj motorcycle at FUTA North Gate on June 6, adding that nine motorcycles were recovered from the suspect. Salami added that the co...

Dangote Cement completes issuance of N50 billion bond programme

Dangote Cement Plc has announced the successful issuance of N50 billion series 1 fixed rate senior unsecured bonds, under its new N300 billion multi-instrument issuance programme. In a statement on Tuesday, the cement producer said the bonds were issued on May 26, 2021 at coupon rates of 11.25 percent, 12.50 percent and 13.50 percent for the three, five and seven-year tranches respectively. The bonds will be listed on the Nigerian Exchange Limited and FMDQ Securities Exchange. Dangote Cement said that the proceeds of the bond issuance will be deployed for the company’s expansion projects, short-term debt refinancing and working capital requirements. “Aside from this first issuance of a traditional bond under the new Multi-Instruments Programme, Dangote Cement has registered a programme ena...

Dangote completes Nigeria’s longest concrete road

Makamba Online The Dangote Group has completed Nigeria’s longest rigid pavement located in Kogi State. It is the first of its kind, top engineers say. The 43KM Obajana-Kabba road constructed by Dangote Industries Limited (DIL), has been described by motorists as the country’s most strategic highway that is aiding travellers between the North and the South. Olatunbosun Kalejaiye, the Project Director, said he was excited that the Corporate Social Responsibility Project is being delivered for use by Nigerians, adding that while the rigid pavement has been completed, the company was dressing the shoulders. Site Engineer Samuel Obosi assured that the dual carriage way will be durable and less susceptible to potholes and repairs like asphalt road, adding that it would crash the rate of road acc...

Nigerian government exempts Dangote from border closure – report

The Nigerian government has allowed Dangote Cement to resume exports across its land borders, Bloomberg reports. This is despite the closure of all land borders by the government for over one year. The move has, however, raised hopes that Nigeria may be opening up trade with neighbors after a year-long blockade. The administration of the President Muhammadu Buhari gave its authorisation for Africa’s biggest producer to export cement to Niger and Togo in the third quarter for the first time in ten months, Michel Puchercos, chief executive officer, said on an investor call in Lagos. The export was made possible “through authorisation given by this administration,” he said. The exemption to Dangote Cement is seen as a softening of the government’s position on a border closure that started in ...

CSR: Dangote Cement commits N4 billion to projects in Ogun host communities

Makamba Online Dangote Cement Plc, says it has committed over N4 billion into various Corporate Social Responsibility (CSR) projects in its 14 host communities in Yewa land in Ogun. The company made this known in a statement signed by the Media and Community Relations Manager of Dangote Industries Limited, Mr Francis Awowole-Browne, on Sunday. “Since the inception of Dangote Cement in Ibese, in the last eight years of creation in Ogun, we have focused on construction and repairs of roads, building of blocks of classrooms, construction and repairs of healthcare facilities. “We have also provided boreholes, some electricity transformers, among others,” he said. The company itemised the projects as 40 classrooms, three health centres, 22 boreholes, three transformers totalling N4.1bn Among va...