Economy
Dangote Cement Targets 29% Carbon Emissions Reduction
By Aduragbemi Omiyale
Efforts are being made by the management of Dangote Cement Plc to reduce the company’s carbon emissions by 29 per cent in the coming years.
Within four years, the cement maker has co-processed over 1.5 million tonnes of alternative fuels, significantly lowering its carbon footprint, underscoring its commitment to cutting carbon emissions, enhancing energy security, and setting a benchmark for sustainable industrialization across Africa.
The chief executive of Dangote Cement, Mr Arvind Pathak, said the company has been converting industrial, agricultural, and municipal wastes into energy as part of its strategies to shift to alternative fuel.
Speaking at the Africa CemTrade Summit in Ghana, he said since 2021 when the firm embarked on energy diversification, it has successfully deployed 15 alternative fuel systems across its plants, achieving up to 40 per cent thermal substitution in operations across its plants in sub-Saharan Africa especially in Senegal, Zambia, and South Africa.
He noted that central to the green transition programme was the investment in compressed natural gas (CNG) logistics, which have seen company acquired over 3,000 CNG trucks and 1,000 dual-fuel vehicles deployed, significantly reducing emissions and transport costs, as it aims for a fully CNG-powered fleet in Nigeria by 2026.
According to him, Dangote Cement’s sustainability strategy is further supported by its digital transformation drive, which has introduced systems such as the Distributor Management System (DMS), Transport Management System (TMS), and Electronic Proof of Delivery (e-POD), enhancing transparency, route optimisation, and supply chain efficiency.
At the programme themed Sustainable Innovation in the Sub-Saharan Africa Cement Distribution Value Chain, Mr Pathak emphasised that Dangote Cement which has expanded its footprint across eleven countries, with a production capacity of 55 million tonnes annually, is leading a transformative shift towards sustainability in Africa’s cement distribution sector, combining environmental stewardship with profitability pointing out that sustainability sits at the core of the company’s business model, influencing every aspect from production to logistics.
According to him, the company has mapped more than 65,000 retail outlets in Nigeria and continues to expand across key regional trade corridors. Through its Customer Truck Empowerment Scheme (CTES), Dangote Cement has distributed over 4,000 trucks to transport partners, creating jobs and improving reliability in cement delivery.
In 2024 alone, the company invested over N12.4 billion in community development projects across its host countries, a fourfold increase from the previous year, covering education, healthcare, infrastructure, and youth empowerment.
“Dangote Cement Plc has taken the lead in driving sustainable transformation across the Sub-Saharan Africa’s cement value chain. We are reaffirming our commitment to innovation and responsible growth.
“Sustainability has never been an afterthought for us; it is central to how we grow, innovate, and operate,” he stated. For Africa’s industrial future to remain viable, sustainability must make economic sense. Our strategy ensures profitability while protecting the planet,” Mr Pathak stated.
The Dangote Cement CEO said the Company has over the past two decades, Dangote Cement expanded from a local producer into a continental leader, operating in eleven countries with an installed capacity of 55 million tonnes per annum. Beyond scale, Pathak said, the company’s distinction lies in its deliberate shift towards lower-carbon operations, contributing to Africa’s sustainable industrialisation.
“We recognised early on that sustainability would shape the future of manufacturing. Our investments in process optimisation, cleaner fuels, and advanced energy systems are helping us reduce waste, improve efficiency, and build stronger competitiveness. We are proving that economic performance and climate responsibility can move together,” he disclosed.
By Aduragbemi Omiyale
One of the paint makers in Nigeria, Premier Paints Plc, is currently in talks with a new investor, Xenergi Limited, for the purchase of 51 per cent stake in the company.
Xenergi Limited intends to acquire shares of Clover Global Resources Limited and TGHL Capital Limited in the organisation.
Business Post gathered that the new investor will buy 39.02 per cent from Clover Global Resources Limited and 15.20 per cent from TGHL Capital Limited.
The deal, according to a regulatory notice issued on Tuesday on the Nigerian Exchange (NGX) Limited, will involve about 63 million shares of Premier Paints.
At the current share price of the paint producer, this should be about N630 million as it closed at N10.00 per unit on NGX on December 16, 2025.
“Subject to obtaining required regulatory approvals, the transaction is expected to close before January 31, 2026.
“The company will continue to inform the public of the progress of the transaction,” the disclosure signed by the company secretary, Alozie Nwokoro, said.
By Adedapo Adesanya
The Naira was flat against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Tuesday, December 16, retaining the previous closing value of N1,451.82/$1.
In the same vein, the local currency saw no movement against the Pound Sterling and the Euro in the spot market during the session at N1,943.98/£1 and N1,705.74/€1, respectively.
Also, the Nigerian Naira remained unchanged in the black market yesterday at N1,475/$1 and was N1,460/$1 at the GTBank forex counter.
The Central Bank of Nigeria (CBN) has strengthened US Dollar supply with $250 million to authorised dealer banks at the official window cumulatively as foreign portfolio investors, exporters and non-bank corporate supply dripped.
The spread between official and other non-regulated markets decreased to N30.59$/1 from N44.57/$1, from the previous week, research subsidiary of Coronation Merchant Bank Limited said in a report.
FX analysts said foreign exchange inflows through the Nigerian Foreign Exchange Market decreased to $716.3 million from $844.70 million in the previous week , a 15 per cent drop in a week.
Foreign portfolio investors accounted for the highest share of inflows at 32.98 per cent, followed by exporters at 30.84 per cent, the CBN (17.36 per cent), Non-bank Corporates (16.94 per cent), others (0.72 per cent) and Individuals (0.63 per cent).
On Monday, Nigeria’s headline inflation rate eased to 14.45 per cent in November 2025, down from 16.05 per cent recorded in October, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), representing a decrease of 1.6 percentage points month-on-month and marks a significant moderation compared to the same period last year.
As for the cryptocurrency market, there was some recoveries after overall capitalization falling below $3 trillion for the third time in a month. Large-cap assets, particularly those with Exchange Traded Fund (ETF) exposure, are experiencing selling pressure as institutional investors reassess risk.
Ripple (XRP) appreciated by 1.5 per cent to $1.92, Litecoin (LTC) expanded by 1.5 per cent to $78.91, Dogecoin (DOGE) rose by 0.8 per cent to $0.1308, Solana (SOL) went up by 0.4 per cent to $127.60, Binance Coin (BNB) grew by 0.3 per cent to $865.40, and Bitcoin (BTC) gained 0.2 per cent to sell at $86,735.17.
On the flip side, Cardano (ADA) depreciated by 1.0 per cent to $0.3802 and Ethereum (ETH) slumped by 0.4 per cent to $2,935.85, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) were flat at $1.00 each.
By Dipo Olowookere
A marginal 0.01 per cent rise was recorded by the Nigerian Exchange (NGX) Limited on Tuesday. This was different from the flattish mode of the market the previous day.
Investor sentiment remained bullish as Customs Street finished with 31 price gainers and 26 price losers, implying a positive market breadth index.
Aluminium Extrusion topped the gainers’ log after it improved its price by 10.00 per cent to N9.35, Guinness Nigeria appreciated by 9.98 per cent to N263.40, Multiverse expanded by 9.95 per cent to N12.15, MeCure Industries also soared by 9.95 per cent to N45.85, and Sovereign Trust Insurance advanced by 9.89 per cent to N4.11.
Conversely, Haldane McCall led the losers’ chart after it shed 9.93 per cent to settle at N3.72, Veritas Kapital lost 9.09 per cent to close at N1.60, LivingTrust Mortgage Bank also declined by 9.09 per cent to N3.50, and Linkage Assurance depreciated by 5.71 per cent to N1.65.
During the trading day, the All-Share Index (ASI) went up by 21.23 points to 149,459.11 points from the previous day’s 149,437.88 points and the market capitalisation increased by N14 billion to N95.281 trillion from N95.267 trillion.
Yesterday, traders transacted 1.0 billion equities for N21.8 billion in 23,701 deals compared with the 553.1 million equities valued at N13.3 billion traded in 28,907 deals on Monday, representing a decline in the number of deals by 18.01 per cent, and a surge in the trading volume and value by 80.80 per cent and 63.91 per cent apiece.
Access Holdings traded 385.8 million stocks worth N7.7 billion, Champion Breweries transacted 111.8 million shares valued at N817.8 million, Sterling Holdings exchanged 85.5 million equities for N589.9 million, FCMB sold 74.7 million shares valued at N791.5 million, and First Holdco transacted 51.9 million equities worth N1.8 billion.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn