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Dangote Cement targets $600m annual exports to African countries

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L-R: Group Managing Director, Dangote Industries Limited, Olakunle Alake; Best National Distributor of Dangote Cement, Mrs. Beatrice Okika, MD, D. C. Okika Nig. Ltd., receiving an award from President/CE, Dangote Industries Limited, Aliko Dangote; and Group Managing Director, Dangote Cement Plc, Engr. Joseph Makoju at the Dangote Cement Plc 2018 Distributors Award Night, in Lagos on Monday, March 4, 2019

The President, Dangote Industries Limited, Alhaji Aliko Dangote, has said Dangote Cement’s exports to other African countries are targeted to rise to $600m annually.

He spoke in Lagos during the 2018 Dangote Cement Distributors’ Award night.

“By next year, we will be the largest exporter of cement in sub-Saharan Africa with about $600m worth of cement export to other African countries with limited access to limestone.

“In addition, we also have new terminals coming up at Onne and in Lagos. We are hopeful the congestion at Apapa will soon be behind us, helping us to meet our export targets,” a statement from the group quoted him as saying.

According to him, the group is committed to ensuring that Nigeria becomes self-sufficient in all the sectors where it operates, such as cement, agriculture, mining and petroleum.

He added, “Let me reiterate that our continuous efforts to innovate, create value and invest in Nigeria are borne out of our firm belief in the vast economic potential of Nigeria. This has also informed our desire to invest massively in agriculture in some states across the country.

“Our target is to ensure that Nigeria becomes self-sufficient in all the sectors where we play; cement, agriculture, mining and petroleum.”

On backward integration, the industrialist said, “Our push for backward integration in providing our own raw materials on a massive scale has led to the planned investment of $4.6bn over the next three years in sugar, rice and dairy production alone.

“This will eliminate the country’s reliance on imported food and the foreign exchange outflow that comes with it.”

Dangote, who commended the award winners for their commitment, noted that the ceremony was to celebrate the firm’s valued customers and distributors for their unflinching partnership in ensuring that Dangote Cement products remained the first choice for construction purposes across the country.

“Tonight, we celebrate excellence for 2018 performance and I am hopeful 2019 customers award ceremony will be an even bigger event. We have worked with our customers to agree on targets, we will also be giving out bonuses and working together to achieve our collective goals and objectives. We value our customers and we will continue to treat them as kings because without them we don’t have a business,” he said.

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FMBN disburses N23.3bn home renovation loans

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FirstBank splashes N2.7m scholarships on 18 customers

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L-R, Susie Onwuka, Consumer Protection Commission; Martin A, Akinrimisi, Business Development Manager, First Bank of Nigeria Limited; Oma Ogban, Manager, Technology Advisory, (KPMG); Chuma Ezirim ,Group Executive, e-Business & Retail Product , First Bank of Nigeria Limited; Simisola Munira, Lagos State Lottery Board; Abiodun Famuyiwa, Head, Retail Business & Community Banking, First Bank of Nigeria Limited and Oluwaseun Adepoju-Iwuchukwu, Account Manager, Tequila Nigeria following the FirstBank XploreFirst grand finale raffle draw held in Lagos.

By Chinyere Joel- Nwokeoma (NAN)

 

First Bank of Nigeria Limited has splashed scholarships worth N2.7 million on 18 customers under its XploreFirst promo initiative to boost savings culture and promote financial inclusion among students.

The News Agency of Nigeria (NAN) reports that the winners were drawn from the six geopolitical zones and Lagos at the final/ grand raffle of XploreFirst promo on Friday in Lagos.

The winners emerged through an electronic draw handled by Tequila on behalf of the bank and supervised by KPMG, National Lottery Regulatory Commission, Lagos State Lottery Board and Consumer Protection Commission (CPC).

At the event, Mr Chuma Ezirim, FirstBank Group Executive, e-Business & Retail Products, said: “XploreFirst is a FirstBank savings account variant designed specifically for students between the age range of 18 to 29.’’

Ezirim said that a minimum amount of N1, 000 was required to open the account and account holders are to maintain a minimum balance of N200 to run the account.

He said that the XploreFirst promo was one of the special benefits of the account.

According to him, the 18 winners that emerged at the final draw will be offered yearly scholarships of N150,000 each.

Ezirim said that the initiative was targeted at youths, especially those in tertiary institutions and informal sector, to enhance savings culture and drive financial inclusion across the country.

“Customers are offered yearly scholarships of N150,000 as incentives to maintain a certain amount of deposit, in this case, N10,000 in their account over a 30-day period to qualify for the monthly draws and giveaways.

“Customers who  successfully maintain the set balance over the six months period are eligible to win the jackpot of N150,000, the grand finale prize,’’ he said.

Ezirim noted that the initiative would be sustained by the ban k  in line with the Central Bank of Nigeria (CBN) financial inclusion mandate.

Also speaking, Mr Olufemi Odumuboni, the bank’s Head, Youth/Women Banking, said  the promo dynamics was centered at making people to engage in financial discipline.

Odumuboni said that winners were selected based on certain principles that made them eligible to qualify for the draw.

He explained that apart from the N2.7 million set aside for the yearly scholarships, the bank had splashed about N900, 000 to customers who emerged winners at the various monthly draws for data purchase for their mobile phones.

“Winners from the monthly draw selected from the bank’s six geopolitical zones are entitled to N5, 000 each which they are encouraged to use for data purchase for their mobile phones,” Odumuboni stated.

Ms Susie Onwuka of CPC, commended the bank for ensuring transparency throughout the promotion process.

Onwuka said the bank had deployed modern technology in the promo process to eliminate bias, noting that, the agency was happy with the process and the bank.

“Promotions should be registered to show transparency and ensure fairness to the consumers,” she said.

Onwuka said the regulatory body would follow up with the winners to ensure they were rewarded accordingly.

NAN reports that some of the scholarship winners included Mr Offiong Micheal, Mr Ezugba Chukwuebuka, Mr Olorunfemi Oluwatunmise, Mr Adekale Adenike and Ms Agbakwuru Dorcas

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More winners emerge in Fidelity Bank Get Alert in Millions Savings Promo (GAIM Season 3)

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L- R: Regional Bank Head, Rivers/ Bayelsa 2, Fidelity Bank Plc, Evi Kanu; Grand Prize Winner of N10 million of Fidelity Get Alert in Millions Savings Promo, John Silus, Poubo; Executive Director, South Fidelity Bank Plc, Mrs. Aku Odinkemelu and wife of the star prize winner, Mrs Mary John Poubo at the grand prize presentation ceremony of Get Alert in Millions Savings Promo (GAIM Season 3) in Port Harcourt on Tuesday

L-R: Regional Bank Head, Rivers / Bayelsa 2, Fidelity Bank Plc, Evi Kanu; N2million winner, Okoye Ndubuisi; N3million winner, Kingsley Ibenegbu; Grand Prize N10million winner, John Silus Poubo; Executive Director, South, Fidelity Bank, Aku Odinkemelu; N2million winner, Dokpesi Nasiru; GAIM3 Dance Contest winner, The Exceptional Dancers, Daniel Clinton; Divisional Head, Retail Group, Richard Madiebo at the Grand Prize Presentation of Fidelity Get Alert in Millions Savings Promo (GAIM 3) in Port Harcourt on …TUESDAY

 

Mr John Pouba, a Seaman with an oil servicing company, has emerged winner of the N10 million grand prize in the Fidelity Bank’s Get Alert In Million (GAIM) Promo Season 3.

Pouba, who was announced the winner at the grand prize presentation ceremony in Port Harcourt on Tuesday, collected his cash prize at the occasion.

Alongside Pouba were four other winners of millions of Naira, namely; Mr Kingsley Ibenegbu, N3 million; Mr Nasiru Dokpesi, N2 million; Mr Oliver Okoye, N2 million and Nwodo Edeh, N1 million.

Ibenegbu, who is a technologist at the University of Nigeria, Nsukka, described his prize as a miracle of God.

He said that he was billed for an eye surgery but due to lack of fund, he could not go.

He said that he was involved in a road traffic accident in November and his left lense (black eye) fell off the eye to the ground.

“I picked it up and took it to a hospital, the doctors immediately referred me to UNTH (University of Nigeria Teaching Hospital) which said I have retina detachment but unfortunately, the hospital did not have the equipment to help my case.”

Ibenegbu said that he got to a private hospital in Enugu and was told that the surgery would cost him N1.1 million which he did not have.

He said that further enquires got him to a private hospital in Ibadan where he was charged 350,000 but because he did not have such an amount, he pleaded to pay by instalments.

He said that the doctors refused but advised him to go and scout for money fast, adding that by that time, the remaining right eye had started paining him.

“I went round my relations and friends but I couldn’t get any money, so one of my friends advised me to pray to God for a destiny help.

“I went home that night and prayed earnestly to God, asking for the forgiveness of my sins and to bless me with a miracle; the following day, I got a call that I have won N3 million,” he said.

Ibenegbu, however, commended Fidelity Bank for the gesture and described it as a destiny help, adding that he would be going for the surgery in June.

The grand prize winner, Pouba, said he would invest the money in Fidelity but before that, he would consult with his account officer for advice.

Pouba and other winners thanked the bank for the gesture and urged it to continue making its customers millionaires.

In her opening address, Mrs Aku Odinkemere, Executive Director, South, said the essence of the promo was to encourage customers and their families to imbibe the saving culture.

Odinkemere, who represented the Managing Director/Chief Executive Officer of the bank, Mr Nnamdi Okonkwo, said that the importance of saving for a rainy day could not be over-emphasised.

She said that in 2017, a man won a house in Port Harcourt through the promo, adding that N110 million and 108 consolation prizes have been given out in the promo.

Past prize winners of the season’s promo, who were present at the occasion, recounted their joys when they received the calls announcing them winners and commended the bank for bettering their lives.

Refrigerator and power generating set were given out as consolation prizes to Nkem Isichei and Ejirooghene Ekeuwei, respectively.

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