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Management of the Nigerian Stock Exchange (NSE) yesterday lauded Dangote Cement for its adherence to best corporate governance practices even as they called for more partnerships between the two organizations.

Managing Director/Chief Executive of the Exchange, Mr. Oscar Onyema gade the commendation while welcoming the Group Managing Director of Dangote Cement, Engr. Joe Makoju and his management team to the special sounding of the closing gong on the trading floor of the NSE.

Sounding of the closing gong is a ceremony reserved for chief executives and dignitaries who visit the Exchange and it marks the close of trading activities.

Mr. Onyema who congratulated Engr. Makoju on his confirmation as the substantive Chief Executive of Dangote Cement described him as proper and fit for the role given his level of experience and years of exposure in the manufacturing sector.

He said that as the largest listed company on the Exchange and with other listed companies from the Group, Dangote Sugar Refinery, Dangote Flour and NASCON, any change in the management cadre is very important as it affects the stock market. He stated that Engr. Makoju’s tenure as the helmsman of Dangote Cement is yielding the expected results as increased investors’ confidence has resulted in good performance of the stock.

Oscar said, “the performance of the stock is very good and is a fallout of the resilience, expertise and diligence of the management team. It is listed on the premium board.”

He also appreciated the Chairman of Dangote Cement on his efforts and advocacy for an improved and better capital market as well as sponsorship of NSE’s events. He called for more partnerships with Dangote Cement in terms of Corporate Social Responsibilities(CSR) projects.

Engr. Makoju in his response described it as an honour and privilege to be invited to participate and sound the closing gong noting that there exists a special relationship between Dangote Group and the NSE as Aliko Dangote was a former president of the Council of the Exchange. He said that Dangote Cement has grown from a national company to a continental one operating in several countries across Africa.

The doyen of Stockbrokers, Mr. Sam Ndata, on behalf of other stockbrokers congratulated Engr. Makoju and described him as a tested hand in the cement sector. He said, “there is no doubt that Dangote Cement will do well with you at the helm of affairs.

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Michael Abimboye Speaks On Food Items, Palliative To Ode-Omu Residents

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  • “Why we target aged, widows, and other vulnerables. Here is what this got to do with Governor Ademola Adeleke.”

 

Michael Abimboye, a Nigerian political communication consultant and journalist, has supported Osun Governor Ademola Adeleke’s palliative measures through the distribution of food items to residents of Ode-Omu communities in Ayedaade Local Government Area of the State.

Abimboye, who distributed the food items on Friday, September 6, said the Osun government has in the last few months, shown a high sense of responsibility through its commitment to alleviating the suffering of the masses.

In June, Adeleke-led government distributed rice palliative under the State Government Food Security Program in a bid to alleviate food scarcity and ensure food security. The distribution targeted a wide array of registered groups to ensure that the palliative reaches diverse segments of the population.

Among the beneficiaries are Labour Unions, the Inter-Party Advisory Council (IPAC), Civil Society Organizations, the Union of Pensioners, various Security Outfits, Ministries, Departments and Agencies (MDAs), Religious Associations, Market Unions, and Persons with Disabilities (PWDs), among other registered associations.

Before then, Adeleke rolled out free medical outreach in the state as palliative to cushion the effect of high cost of living. The Imole free medical outreach took place in Ilesa, Ile-Ife, Ede, Iwo, Ila, and Osogbo.

On his part, Abimboye, who is following the political footprint of Adeleke in Odeomu through the distribution of food items, emphasised the importance of the palliatives in mitigating the effects of food insecurity exacerbated by various socio-economic challenges.

“The governor has laid down a very good foundation, and the best we can do is to support his initiative. I am distributing palliatives in Ode-omu and its environs as part of my commitments to supporting the most vulnerable in our society,” he stated. “The economic situation in the country is terrible, and the little we can do for our people is to ensure that essential food items are accessible to provide relief and promote stability.”

“We’ve looked out for the aged, widows, and other vulnerables. Our goal is to ensure that they don’t beg to put food on their tables. Adeleke’s government has shown that it’s ready to address food insecurity, and the best I can do to support the state governor is to echo his proactive measures.

“I have come to distribute the food items myself because I want the beneficiaries to be those who really need them and would make judicious use of the palliatives,” Abimboye said.

He also urged other indigenes of Osun at home and in diaspora to continue to support the governor’s strides towards leading Osun to a promised land and eradicate poverty in the state.

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BREAKING: DSS Takes Over SERAP Abuja Office

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The Abuja office of the Socio-Economic Rights and Accountability Project (SERAP) has been taken over by officers from the Department of State Services (DSS).

In a statement released on Monday, SERAP denounced the action as an “unlawful occupation.”

The statement revealed that the DSS officers are demanding a meeting with SERAP’s directors.

“President Tinubu must immediately direct the SSS to end the harassment, intimidation and attack on the rights of Nigerians,” SERAP urged.

This is coming barely 24 hours after the organisation urged Tinubu to leverage his leadership and authority to instruct the Nigerian National Petroleum Company Limited (NNPCL) to promptly reverse the seemingly illegal and unconstitutional hike in the pump price of premium motor spirit, commonly known as petrol, at its retail outlets.

 

More to come…

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BREAKING: NLC Begins Closed-Door Meeting Over Ajaero’s Arrest

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The Nigeria Labour Congress (NLC) has convened a closed-door meeting following the detention of its President, Joe Ajaero, by the Nigerian government.

NLC’s Head of Public Relations, Benson Upah, confirmed the meeting on Monday.

Upah stated that Ajaero was seized by agents of the Nigerian State without a legal warrant or formal instrument.

Furthermore, Upah expressed concern that Ajaero’s whereabouts and health status remain unknown.

The NLC has condemned the detention as a “brazen act of lawlessness and intimidation” and demanded Ajaero’s immediate and unconditional release.

“The Congress has also called on the international community, human rights organizations, and democracy advocates to take note of the rising wave of authoritarianism in Nigeria.”

Ajaero was set to address the Trade Union Congress in the UK on behalf of Nigerian workers, discussing critical issues like workers’ rights, social justice, and economic fairness.

Upah said, “The NLC has put its affiliates, state councils, and civil society allies on high alert and vowed to protect workers’ rights and not be cowed by oppressive tactics.

“The Congress is currently holding a closed-door meeting to discuss the situation, and the outcome will be made public soon.”

 

More to come…

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