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By: Manny Ita

Builders and other stakeholders have lauded the BlocMaster Cement which was formally launched by Dangote Cement PLC yesterday in Kano, Kano State, describing it as extra strong and the best for block moulding in Nigeria.

Before it was officially rolled out yesterday, the innovative cement product had been adjudged ideal by the country’s engineers, builders and block makers, due to its rapid setting within an hour, its strength and top quality.

Multitude of block makers in attendance lauded the company’s innovate efforts and after a demonstrative test also confirmed its strength and asserted that surely, it is the best product for building construction for now, from the stable of Dangote cement.

Speaking at the official unveiling of the cement yesterday, Kano State Governor Abdullahi Umar Ganduje called on all Nigerians to patronize the new cement to help minimize the menace of collapse building in the country.

The Governor who was represented by the Secretary to the State Government Alhaji Usman Alhaji commended the Management of Dangote Group, adding that it has always been supportive in all sectors of the economy.

Group Managing Director, Dangote Cement Plc Eng. Joe Makoju said the new brand is a product of years of deep research, adding that it has been tested and approved by builders nationwide.

According to him, it is strong and affordable to Nigerians because of its rapid setting, especially during raining season.

“This is a new era. This is a new quality. This is a product of research,” Mr. Makoju said.

Speaking, Group Chief Marketing Officer Oare Ojeikere said the new cement is multipurpose and very strong, urging Nigerians to adopt it for all construction purposes.

He said he was happy that hundreds of builders in Kano had used it before the launch.

The immediate past chairman, Nigeria Institute of Building and Director Consultancy Services, Science and Technical Schools Board, Kano State Abdullahi Alhassan SanSan said he was elated because the new cement block will address the issue of collapse building in the country.

Speaking also at the event, Manager Magina Blocks Industries Kano Nura Musa Yahayah said he has used the block and can therefore recommend it to Nigerians. According to him: “I can recommend this product. I have personally used it and I am very convinced that it is the best for those of us who are in the business of cement moulding. It is strong and sets very fast. This is the product that we need at this time and we are grateful to the Management of Dangote Cement for giving us this product”

Chairman Kano State Concrete Block Makers and Allied Products Association Alhaji Umar Faruk Musa said the cement innovation will translate into more income for block makers and in the long run for Nigeria.

He commended Alhaji Aliko Dangote for yet another giant stride, a week after a flour brand was unveiled by the same Group.

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Capital Market

Stock market gains N15bn on MTNN price rally

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The key market indices of the Nigerian Stock Exchange (NSE) on Friday rebounded by 0.12 per cent following price appreciation achieved by MTN Nigeria Communications.

The News Agency of Nigeria (NAN) reports that MTN Nigeria Communication dominated the gainers’ table with N1.10 to close at N16.10 per share.

Vitafoam Nigeria followed with 26k to close at N3.85, while International Breweries added 25k to close at N3.85 per share.

GlaxosmithKline gained 20k to close at N4.80, while PZ Cussons appreciated by 15k to close at N4.50 per share.

Consequently, the All-Share Index which opened at 24,276.56 rose by 29.80 points or 0.12 per cent to close at 24,306.36.

Also, the market capitalisation of listed equities inched higher by N15 billion or 0.12 per cent to N12.679 trillion from N12.664 trillion achieved on Thursday.

On the other hand, Guaranty Trust Bank topped the laggards’ table, dropping 30k to close at N22.45 per share.

United Bank for Africa trailed with a loss of 15k to close at N6.25, while Zenith Bank lost 5k to close at N16.70, per share.

ABC Transport dipped 5k to 51k, while FBN Holdings also declined by 5k to close at N5.20 per share.

An analysis of the activity chart indicates that Sterling Bank was the most active, exchanging 17.66 million shares valued at N22.63 million.

Zenith Bank followed with an account of 7.47 million shares worth N47.06 million, while Transcorp sold 7.41 million shares valued at N4.69 million.

Fidelity Bank exchanged a total of 6.20 million shares worth N11.11 million.

In all, the volume of shares traded closed lower with an exchange of 131.63 million shares valued at N899.49 million in 3,044 deals.

This was in contrast with 192.08 million shares worth N2.47 billion exchanged hands in 3,833 deals on Thursday.

 

(NAN)

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BUSINESS

EKEDC warns against tampering with meters

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Eko Electricity Distribution Company (EKEDC) on Friday said it had intensified efforts to curb cases of meter tampering by customers within its operational network.
Mr Godwin Idemudia, General Manager, Corporate Communications, EKEDC, in a statement issued in Lagos warned that those involved in such nefarious activities would face prosecution.
Idemudia said the warning follows the recent arraignment of three persons before an Ojo Magistrates’ Court on a four-count charge of conspiracy to commit fraud, impersonation, forgery and tampering with electricity installations.
He said the accused persons allegedly received the sum of N70,000 from unsuspecting customers who wanted to get their prepaid meters repaired and placed them on direct connection.
Idemudia said :” It is rather unfortunate that people go about parading themselves as our staff when they are not.
“We will go the full extent of the law and this will serve as a deterrent to others aiming to do same.”
He urged EKEDC customers to always go through the appropriate channels for all complaints or issues and make no form of payment to unauthorised persons or channels.
Idemudia also advised customers to report any staff or partners that make demands on them for EKEDC’s services via its social media platforms and other designated channels.
(NAN)
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Aviation

Ekiti Cargo Airport to be ready in 18 months

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Ekiti Government has said the ongoing construction of the Cargo Airport at Ipogun in Irepodun/Ifelodun Local Government Area would completed in 18 months.

Mr Bunmi Awotiku, the Special Adviser to the Governor on Airport Project, said this when Ekiti House of Assembly Committee on Works and Transport visited the site on Friday at Ipogun.

The News Agency of Nigeria reports that the project started in October 2019.

The Chairman of the House Committee, Chief Olugboyega Aribisogan, said that the airport was a timeless legacy, which would enhance the rapid transformation and development of the state.

Aribisogan, accompanied by other committee members, said they were at the site to examine the level of work done on the project.

The chairman assured that the Assembly would give necessary legislative support to the state Executive to enable it deliver the dividend of democracy to the people of the state

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