NASCON Allied Industries Plc

Menu

Tag: nascon

Categories
PRESS RELEASE

2024: Operational efficiency, strategic initiatives behind NASCON’s impressive performance

2024: Operational efficiency, strategic initiatives behind NASCON’s impressive performance
L-R: Company Secretary, NASCON Allied Industries Plc, Oluseun Oluwole; Chairman, NASCON Allied Industries Plc, Olakunle Alake, Managing Director, NASCON Allied Industries Plc, Thabo Mabe; Deputy Managing Director, NASCON Allied Industries Plc, Aderemi Saka; and Non-Executive Director, NASCON Allied Industries Plc, Abdu Dantata, at the 2024 Annual General Meeting (AGM) of NASCON Allied Industries Plc held in Lagos on Thursday May 8, 2025.

…as Shareholders approve N2 Per Share Dividend

NASCON Allied Industries Plc, has reaffirmed its dedication to driving growth through innovation, enhancing operational efficiency, and creating value for shareholders. This commitment was emphasized during the company’s 2024 Annual General Meeting, held in Lagos.

During the meeting, shareholders approved a dividend payout of N2 per share for the year ending December 31, 2024 just as the Chairman of the Company, Olakunle Alake identified operational efficiency and strategic initiatives as core elements behind the company’s impressive run during the year

Alake, while addressing shareholders said, “Our performance has been commendable, a testament to our strategic initiatives, operational efficiencies, and the dedication of our workforce. We have successfully expanded our market presence, which has been instrumental in driving sales. Our continued focus on customer satisfaction and our commitment to delivering high-quality products have allowed us to gain new customers while retaining the loyalty of existing ones.”

He added, “During the year, we adopted several strategic initiatives aimed at enabling the Company to take advantage of growth opportunities. We demonstrated our commitment to sustainability by encouraging responsible resource use. We also engaged in community development efforts, alongside numerous employee welfare and development programs. These efforts reflect our ongoing commitment to value creation for all our stakeholders.”

Alake noted, “In recognition of this positive performance and our commitment to delivering value to our shareholders, we recommend the highest dividend ever declared in our company’s history. This decision reflects our confidence in the company’s prospects and aims to reward our shareholders for their continued support.”

He emphasized that as the company moves into the next year, the primary focus will remain on driving growth through innovation, enhancing operational efficiency, and delivering value to stakeholders noting that the management of NASCON is committed to investing in our people and in technology. “We will continue to explore new market opportunities to expand our footprint.”, he stated.

Managing Director of NASCON, Thabo Mabe, commented that 2024 has been exceptionally positive for the company, stating, “We achieved a profit growth of 14 per cent to N15.6 billion, thanks to strong demand for our core products and our strategic market presence.”

Mabe said; “We optimized strategic opportunities that have positioned us for continued growth. Our operational efficiencies have improved, enhancing our overall profitability.” For the year 2025, he outlined the primary goals, including continuing the revenue growth trajectory, expanding into new markets, and enhancing product lines. He concluded by stating, “We will further invest in our sustainability initiatives and aim to reduce carbon emissions. Our workforce development programs will also continue, focusing on upskilling and fostering a culture of innovation.”

For the year ending December 31, 2024, the company reported revenue growth of 49 per cent, reaching N120.4 billion. Gross profit increased by 25 per cent to N55.5 billion, while EBITDA rose by 19 per cent to N27.4 billion. Profit before tax grew by 15 per cent to N23.7 billion, and profit after tax increased by 14 per cent to N15.6 billion. Earnings per share climbed by 11 per cent to N5.77, with a proposed dividend up by 100 per cent to N2.00.

Commenting one after another on the performance of the Company, shareholders commended the company for its impressive financial performance in 2024 and the declared dividend of N2 per share.

Mrs. Bisi Bakare, National Coordinator of the Pragmatic Shareholders Association, praised the company’s remarkable financial achievements. She noted, “We observed revenue growth of 48.94 per cent to N129.39 billion, up from N18.8 billion. Despite the macroeconomic challenges we faced, profit after tax reached N15.6 billion, up from N13.7 billion. I commend the entire board and management for this outstanding result. Additionally, I appreciate the board for declaring a dividend of N2.00. We thank the board for that, and we hope for increased dividends next year.”

Another shareholder, Dr. Umar Farouk urged the management not to rest on its oars but continue in the commendable trajectory of good performance despite the economic headwind which affected a lot of other companies negatively.

Mr. Moses Igbrude, a shareholder, also praised the company for the N2.00 per share dividend and expressed the hope that the management would do even more next year.

New Deputy Managing-Director of the Company, Aderemi Saka expressed satisfaction that the company demonstrated resilience, with remarkable revenue and strong performance in spite of the fact that the year 2024 was marked with various macroeconomic challenges.

“We maintain our market share and increase our revenue. We will keep our head up, continue to provide quality products that stand the test of time and improve on our shareholders value so that we can remain a strong contender in the market.”, Saka stated.

Categories
News

Lagos International Trade Fair 2021

The 2021 Lagos International Trade Fair (LITF) held between November 5 and November 14 at Tafawa Balewa Square (TBS) Lagos. It is the biggest trade fair in Nigeria and in the West and Central Africa sub-region with over 200,000 visitors across the globe. The Dangote day was on the 10th of November, 2021.

Consumers were sampled throughout the fair, with different products, as well as sales of product items in general. It was a successful event as consumers applauded the brand for rewarding them with product items and branded gift item.

Categories
News

Abuja Plantain Festival 2021

The Abuja plantain Festival is a yearly event that brings together plantain lovers from across the world, to celebrate the goodness of plantain with food bloggers, chefs et al.

Dangote Salt being the Headline sponsor of the event this year sampled consumers with different plantain delicacies and well as products. It was an all-around successful event with positive feedback from consumers.

 

Categories
PRESS RELEASE

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.

Categories
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
Categories
News

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.

Categories
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.

Categories
News

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

 

Categories
News

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.

Categories
News

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.