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NASCON announces Artist Timothy Undiandeye as the winner of Dangote Salt Art Challenge 2021

Abuja based creative artist, Timothy Undiandeye, has been announced the winner of the 2021 edition of the Dangote Salt Art Challenge, a creative art competition targeted at artists across the country.

Timothy’s winning art, created using salt, “gender-based violence” targeted at women a phenomenon he said deeply rooted in gender inequality was the focus of his presentation. He was announced the winner at the prize presentation event held Saturday morning at the Lily gate Hotel, Lekki, Lagos. He received a cash prize of N500, 000.

He beat over 600 artists in a rigorous selection process, at the event; he first and second runner up in the top three category also walked away with cash prizes. In third Place Mr Taiwo Isimi, walked away with the sum of Two Hundred Thousand Naira (N200,000), First runner-up Mr Ibrahim Jamiu, walked away with Three Hundred Thousand Naira (N300,000)

The Executive Director Commercial, NASCON Allied Industries Plc (A subsidiary of Dangote Industries Limited) Hajiya Fatima Aliko-Dangote in her welcome address shared by Olusegun Ajala the Head of Marketing; she commended the artist for their outstanding entries. 

She also stated that Dangote Salt was proud to deliver an annual platform to recognize and reward the unlimited potential and creativity in Nigerian Youths.

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PRESS RELEASE

Dangote Salt introduce The Dangote Salt Art Challenge 2021 – Unleash Your Creativity

Dangote Salt is redefining the way we engage with art in Nigeria.

Monday, 28th June 2021 Lagos: Dangote Salt calls for creative entries in the second edition of the Dangote Salt art challenge.

The opening date for the submissions is 1stof July 2021 and the closing date has been extended to the 13th of August 2021.

The Executive Director Commercial, NASCON Allied Industries Plc (A subsidiary of Dangote Industries Limited) Hajia Fatima Aliko-Dangote said that the inaugural edition of the Salt Challenge in 2020 provided an impactful platform for Art enthusiasts in Nigeria to explore their imagination, create and share artwork produced using salt.

She mentioned that the Dangote salt challenge would become an annual art challenge to highlight, reward and connect with the young art enthusiasts across the country. The challenge is holding digitally on Dangote salt social media pages.

Outlining the criteria for entry; The Head of Marketing, Mr Olusegun Ajala said that the creative “salt art” process should be recorded, photographed and submitted to the Dangote Salt social media pages (Facebook & Instagram) using the hashtag #dangotesaltartchallenge2

He also disclosed that the panel of judges for the competition would comprise of Kaduna born Multi-disciplinary artist William’s Chechet and visual artist Haneefah Adams.

The winner of the 2021 Dangote Salt Art Challenge will receive a cash price of N500, 000 and a Dangote Salt-sponsored art residency at the renowned Edo Global Art Foundation in Benin, where Mr. Enotie Ogbebor, the resident Creative Director of the Foundation, will mentor him or her.

The runner-ups will also receive a cash prize of N250, 000 and N100, 000 respectively. Dangote Salt will also provide consolation prizes for 20 other entries.

Details on terms and conditions for participation are available on Dangote Salt social media pages,

  • Instagram: @Dangote_Salt
  • Facebook: Dangote Salt
  • www.nasconplc.com
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NASCON Allied Industries Leverages on new Salt Refinery to Boost Revenue, Pays N1.06bn Dividend

NASCON Allied Industries Plc has ended the 2020 financial year on a positive note, with a reason for cheer and greater optimism among the company shareholders, based on the expected revenue increase from its new state-of-art Salt Refinery.

Rising from its 2020 Annual General Meeting held at the Civic Centre in Lagos weekend, the company announced an improved turnover of N28.01 billion, representing a two per cent increase from the previous year (N2019: N27.49 billion), despite the economic headwinds generated by the COVID-19 pandemic globally and nationwide.

In its 2020 Annual Report themed ‘Protecting Our Core’, the company, for the financial year ended 31st December 2020 also recorded N2.69bn in Profit After Tax (PAT), a 46 per cent increase for the year, compared to N1.85bn in 2019. Earnings per share also increased to N1.02 in 2020 compared to N0.70 in 2019.

The Board of NASCON Allied Industries, at the meeting convened by the Chairperson, Mrs. ‘Yemisi Ayeni, also recommended a dividend payment of N0.40 per 50 kobo share, totalling N1.06bn, which was put to vote and passed by the shareholders and proxies.

The Chairperson, in her statement, noted, “During 2020, many manufacturing businesses faced numerous challenges associated with COVID-19 and the resulting economic downturn. While I strongly believe that these are short to medium term, we have taken decisive measures to ensure stakeholder expectations are continually satisfied. We are confident that our business model will enable us to successfully navigate global changes while seizing opportunities to continually create value for our stakeholders.”

“2020 was a challenging year for our business and the world in general. Yet it was also a year that provided our business with the opportunity to review service delivery processes, reposition the salt business based on our additional capacity, and focus on our distribution models. It is the long-standing trust and loyalty of our shareholders that has allowed us to implement our long-term vision and benefit from the resilience it brings”, Ayeni added.

According to the Managing Director, Mr Paul Farrer’s review in the annual report, “The major challenge in the Nigerian business environment in 2020 was the outbreak of the COVID-19 pandemic resulting in major job losses and reduced income, across the country and a looming global recession which experts say may be one of the worst global recessions in recent history.

“Despite the diverse challenges faced during these trying times, we continue to demonstrate our resilience and optimism into 2021. We are focused on maximising the gains from our capacity expansion, human capital development, operational efficiency and aggressive trade in all market segments.

“In terms of market expansion, we have heavily invested in our new salt refinery. This is a state-of-the-art refinery plant, using best practices to produce high-quality products for our discerning customers. The future for NASCON looks very bright. We have installed our new salt refinery and as a result, established a strong platform for future growth.

“I want to specifically thank our trade partners, consumers, suppliers, team members and strategic stakeholders for contributing to our success story in 2020. We look forward to continuing these mutually beneficial relationships in the future,” he added.

Also, the Executive Director, Commercial, NASCON Allied Industries, Fatima Aliko-Dangote, noted, “The COVID-19 restrictions affected our route-to-market, but we are constantly engaging customers to improve our productivity. Although the bulk of our volume is consumed in the north, our investment in the new salt refinery will increase our productivity and our coverage of the other regions.”

One of the shareholders at the meeting, Sir Sunny Nwosu, acknowledged that the dividend for the year 2020 was more than that of last year. He also appreciated the corporate governance structure and the commitment of the management to the affairs of the company.

He hailed the issue of reduced borrowing as a good sign, and called for a wider geographical spread of the revenue base, to the East and West of the country.

At the AGM event, motions for the acceptance of the Annual Report and for the acceptance of the dividend of N0.40 per 50kobo share were moved, seconded and passed by the shareholders and proxies.

Also, three Directors, Olakunle Alake, Chris Ogbechie and Sada Ladan-Baki were re-elected into the Board by the shareholders.

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PRESS RELEASE

Dangote Seasoning to reward customers in Chop Life Promo

Dangote Classic Seasoning is set to reward its loyal customers in the consumer promotion tagged Dangote Seasoning Chop Life Promo with exciting gifts such as Cows, Rams, Electric Kettles, and lots more. Everyone is a winner in the Dangote Seasoning Chop Life Promo.
To win in the promotion, participants are to:
1. Buy a MINIMUM of two (2) Sachets of Dangote Classic Seasoning.
2. Take your sachets to the nearest redemption center to obtain a scratch card.
3. Scratch the card and what you see is what you WIN!
You can enter to win as many times as you wish by simply following the 3 steps above.
Other exciting prizes to be won include; Bags of Rice, Table Top Cookers, Sieves, and Millions of Naira worth of airtime.

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NASCON Allied Industries PLC Partnering Host Communities

NASCON Allied Industries Plc, while partnering host communities to develop social co-existence, held a one-day sensitisation and engagement programme with Alayabiagba community, Ajeromi Ifelodun LGA, Lagos State today

Below are the pictures from the event:

L-R: Baale of Alayabiagba Community, Adesina Ojora; Group Social Specialist, HSSE, Dangote Industries Limited, Adenike Olaoye; Chairman, Ajeromi Ifelodun LGA, Hon. Abdulfatai Adekunle Ayoola; CFO, NASCON Allied Industries Plc, Aderemi Saka; and Head HSE, NASCON Allied Industries Plc, Jude Amaechi at the event

L-R: Baale of Alayabiagba Community, Adesina Ojora; Group Social Specialist, HSSE, Dangote Industries Limited, Adenike Olaoye; Chairman, Ajeromi Ifelodun LGA, Hon. Abdulfatai Adekunle Ayoola; CFO, NASCON Allied Industries Plc, Aderemi Saka; Head HSE, NASCON Allied Industries Plc, Jude Amaechi; Head of HR, NASCON Allied Industries Plc, Murtala Zubair; and HR Manager, Jamila Lawal

 

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NASCON impacts neighboring communities during Global Sustainability Week 2019

The management team of the school (principals), and residents of Liverpool street were deeply elated as they appreciated the gesture and signaled their commitment to sustain the projects

Employees of NASCON Allied Industries engaged in environmental sanitation and waste management initiatives to better their environment and ensure lasting impact on neighbouring communities as part of activities marking the 2019 Global Sustainability Week

The events, which lasted for one week, commenced with a brief introduction from Head HSE, Jude Amaechi; he highlighted the purpose of the week, the objectives and the merits before handing over to the Chairman of the occasion.

The MD, Paul Farrer, explained the reasons behind the objectives and the impact the business will make from the 2019 Sustainability Week’s Theme. The event was held at NASCON Oregun Muster Point.

The team from Oregun embarked on an enlightenment campaign on waste management at the Oregun High School; delivering a sound lecture on waste management, and donating waste bins and NASCON Products to the school, while staff from the Apapa Plant also engaged in cleaning of refuse at Liverpool Street.

The management team of the school (principals), and residents of Liverpool street were deeply elated as they appreciated the gesture and signaled their commitment to sustain the projects.

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Dangote Seasoning Launch

NASCON Allied Industries Plc, a subsidiary of the Dangote Industries Limited, recently introduced a new classic seasoning cube which consumers have described as tasty and flavorful, with a unique taste and aroma.

Executive Director, Commercial NASCON Allied Industries Plc. Hajiya Fatima Aliko Dangote described the new classic seasoning as a new innovation birthed after years of consumer-led research and development, and urged distributors, marketers, eateries and consumers to immediately key into it.

Speaking at the launch in Kano state, Hajiya Fatima Aliko Dangote said the classic seasoning cubes and stew mix were created with a special blend of herbs and spices to give meals that unique taste and great aroma.

She described the seasoning as Karshen Magana (Real Deal), and is second to none in the country. She urged women at home to try the new seasoning cubes, stew mix and curry powder, as they would ensure meal moments are great moments.

She also assured stakeholders that in time, the products would be launched in other parts of the country, adding that despite the high innovative quality, it is affordable and available with various promotional items to be enjoyed by distributors and consumers.

Also speaking at the event, the Group Managing Director of NASCON Allied Industries Plc, Mr. Paul Farrer assured listeners that the new product is a high margin product that would help ensure customer satisfaction and remain profitable, describing the new product as premium but affordable.

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NASCON Raises Dividend To 150kobo As Profit Rises 121% To N5.3bn

NASCON Allied Industries Plc has recorded a jump of 121 percent in profit after tax (PAT) for the year ended December 31, 2017, despite the challenging operating environment.

The member of Dangote Group announced a revenue of 27.064 billion in 2017, showing an increase of 47 percent from N18.292 billion in 2016. Cost of sales rose from N12.374 billion to N17.070 billion, while gross profit improved by 68 per cent to N9.994 billion compared with 5.917 billion in 2016. Administrative expenses rose from N1.479 billion to N1.774 billion, just as operating expenses rose from N3.818 billion in 2016 to N7.626 billion in 2017. However, finance cost fell from N357 million to N72 million.

Consequently, profit before tax jumped by 124 per cent to N7.909 billion, from N3.516 billion in 2016. PAT grew slower by 121 per cent from N2.415 billion to N5.343 billion, due to a high tax that rose to N2.564 billion, from N1.101 billion in 2016.

The jump in bottom line made the directors to recommend a dividend of 150 kobo per share, up from 70 kobo paid the previous year. NASCON Allied Industries Plc last year assured shareholders of higher returns on their investment, saying it would roll out more products during the year.

According to the Chairman of NASCON Allied Industries Plc, Yemisi Ayeni, when introduced, the new products would enhance the company’s turn over, profitability and ultimately rub-off positively on the shareholders. Ayeni revealed that the company would also be investing in salt packaging and seasoning cubing lines to increase market share and improve efficiency.

Also speaking to the shareholders last year, Executive Director, Commercial, NASCON Allied Industries, Fatima Aliko Dangote said the company was doing so much to enhance their stakes on a consistent basis.

THISDAY ON MONDAY PAGE 37

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Shareholders laud NASCON over dividend payout

For increasing investment value through consistent dividend payout and adherence to corporate governance principles, shareholders of NASCON Allied Industries Plc at the weekend, commended the company’s board on the 2015 performance, even as they approved a dividend of 55 kobo per share.

The shareholders who spoke at the company’s yearly general meeting in Lagos yesterday, applauded the appointment of the new Chairman of the board, noting that the company has continued to stick to its ‘old tradition’ in terms of appointing its board members over the years.

They commended the management for the impressive performance and efficient running of the company, amid harsh economic environment

Specifically, the President, Progressive Shareholders of Nigeria (PSAN), Boniface Okezie, commended the company for the dividend declared in spite of challenging environment.

Okezie lauded the management for the improved performance achieved in 2015 financial year, urging fellow shareholders to support the new chairman.

Reviewing its performance, the company’s new Chairperson, Mrs Yemisi Ayeni assured shareholders that the company would continue to invest in existing and new products lines to achieve its strategy of growing revenues within the context of improved profit margins and increase shareholder value.

She added that the company would focus on evolving strategies that would allow it to put the vegetable-oil and tomato paste plants back in operation to enhance profitability.

“We will ensure we conclude ongoing plant upgrades that will enhance the efficiency of the production lines and guarantee consistently high product standards,” Ayeni said.

She added that the company would further strengthen its existing corporate governance framework to create long-term shareholder.

The Managing Director, Paul Farrer said that the tomato paste business line which was affected by the foreign exchange policy restrictions and operations were suspended in October 2015 to arrest additional impact on account of overhead.

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Shareholders laud NASCON’s dividend payout policy

For increasing shareholders’ value on investment through consistent dividend payout and adherence to corporate governance principles, shareholders of NASCON Allied Industries Plc , at the weekend, commended the company’s board on the 2015 performance, even as they approved a dividend of 55 kobo per share.

The shareholders, who spoke at the company’s yearly general meeting in Lagos, applauded the appointment of the new Chairman of the board, noting that the company has continued to stick to its ‘old tradition’ in terms of appointing its board members over the years.

They commended the management for the impressive performance and efficient running of the company, amid harsh economic environment

Specifically, the President, Progressive Shareholders of Nigeria (PSAN), Boniface Okezie, commended the company for the dividend declared in spite of challenging environment.

Okezie lauded the management for the improved performance achieved in 2015 financial year, urging fellow shareholders to support the new chairman.

Reviewing its performance, the company’s new Chairperson, Mrs Yemisi Ayeni assured shareholders that the company would continue to invest in existing and new products lines to achieve its strategy of growing revenues within the context of improved profit margins and increase shareholder value.

She added that the company would focus on evolving strategies that would allow it to put the vegetable oil and tomato paste plants back in operation to enhance profitability.

“We will ensure we conclude ongoing plant upgrades that will enhance the efficiency of the production lines and guarantee consistently high product standards,” Ayeni said.

She added that the company would further strengthen its existing corporate governance framework to create long-term shareholder.

The Managing Director, Paul Farrer said that the tomato paste business line, which was affected by the foreign exchange policy restrictions and operations, were suspended in October 2015 to arrest additional impact on account of overhead.

“Tomatoes in not available in Nigeria and we do not want to buy outside because of the foreign exchange. We won’t continue operation until we can source tomatoes locally.

We intend to produce tomato concentrate from locally grown tomato0es and maybe able to provide us with raw material requirements,” he stated.