Dangote, Otedola, Ovia, others lose N799.1bn as stock prices tanked

October 25, 2022 Segun Odunewu, Lagos 0

Africa’s richest man, Aliko Dangote, Chairman of Zenith Bank, Jim Ovia are among 15 Nigerian billionaires who lost a whopping N7991.1 billon in the third quarter of 2022 as stock prices tanked following the bearish performances of Nigeria equities market. According to data compiled based on the direct and indirect holdings of the billionaires with stakes in listed companies in Read More

As mediation continues, FG reopens Dangote’s Obajana cement

October 17, 2022 Solomon Arowolo 0

As mediation continues between the government of Kogi state and the management of Dangote Cement company, Obalaja, the federal government has ordered the reopening of Cement Plant in the state. Blueprint had reported that the Kogi State Government closed down the company over issues bordering on the legality of the company’s acquisition of the defunct Obajana Cement Company. However, an order by Read More

Kogi communities jubilate as Dangote Obajana plant reopens

October 17, 2022 David Agba Abuja 0

There were huge scenes of jubilation among affected host communities following the Federal Government’s order for the immediate reopening of the Dangote Cement Plc plant at Obajana in Kogi State. Members of the host communities from Iwaa, Oyo, Obajana, and Apata who spoke to newsmen said they could now heave a sigh of relief as the consequences of shutting down Read More

‘Dangote not involved in Kogi assembly fire outbreak’

October 11, 2022 Blessing Anaro Lagos 0

Dangote Group has described as smear campaign allegations that it was responsible for the fire that gutted part of the Kogi State House of Assembly.In a statement signed by Anthony Chiejina, Group Chief Branding & Communications Officer, Dangote Industries Limited, titled, ‘Obajana: Desperation sets in as imported hoodlums burn down Kogi Assembly’, which was signed by the Kogi State Commissioner Read More

Kogi government reacts as hoodlums raze state Assembly complex

October 10, 2022 Rosemary Moribirin 0

The Kogi state government has reacted on the fire that engulfed the House of Assembly complex in Lokoja Monday morning. A statement signed by the Commissioner for Information and Communication, Kingsley Fanwo, alleged that an imported hoodlums burnt down the complex because of the ongoing tussle between the state government and Dangote group. He said, “The controvery over the ownership Read More

MAN condemns invasion of Dangote Cement Plant by Kogi government

October 6, 2022 David Agba Abuja 0

The Manufacturers Association of Nigeria (MAN) has strongly condemned the invasion of Dangote Cement Plant on Wednesday by the state’s security outfit, the Vigilantes, on the order of the State Governor Yahaya Bello, noting that such action will discourage new investments in the State. The president, MAN, Engr. Mansur Ahmed, at a press conference to herald its 50th Annual General Read More

50 new winners emerge in Dangote’s N1bn Cement Promo, man shocked over N5m win

September 26, 2022 David Agba Abuja 0

The Northeast was agog on Thursday as fifty new winners emerged in the N1 billion promotion that was started by the Dangote Cement Plc. This is coming against the backdrop of Dangote Group being adjudged the ‘Most Valuable Brand’ in Nigeria. Several persons across the country had won N1million, N5million and other consolation prizes. Speaking at the winners event Thursday, Read More

Kogi assembly shuts down Dangote mining sites

September 23, 2022 Oyibo Salihu Lokoja 0

The Kogi state House of Assembly has directed the state’s Commissioner of Police, Mr Edward Ebuka, to shutdown all the mining sites in Ankpa and Olamaboro local government areas operated by Dangote mining company. The House also directed the state commandant of Nigeria Security and Civil Defence Corp (NSCDC), to ensure that the directive was implemented with immediate effect pending Read More

Dangote to save forex through 40% sugar import substitution

August 30, 2022 Benjamin Umuteme Abuja 0

Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40 percent, thus paving the way for the employment of over 30,000 youths. President of Dangote Group, Aliko Dangote explained recently in a chat with newsmen that it was embarking on Phase II of its sugar project, which will then cover Read More

The Buhari-Dangote war on malaria

August 25, 2022 Salisu Na’inna Dambatta 0

The inauguration of the Nigeria End-Malaria Council (NEMC) by President Muhammadu Buhari has raised expectations that a big push would be made towards freeing our country from the killer ailment. The 16-member Council on fighting malaria is chaired by the country’s top business mogul, Alhaji Aliko Dangote. President Buhari indicated at the inauguration of the Council that he is deeply Read More

‘Dangote major driver of real estate dev’t in Nig’

August 18, 2022 David Agba Abuja 0

The Nigerian Institute of Building (NIOB) and other stakeholders in the housing industry have described the Dangote Group as the main driver of real estate development in the country. President of the Nigerian Institute of Building (NIOB), Professor Yohana Izam, said with the huge investment outlay in Africa, the Dangote Cement holds the key to rapid development being envisaged in Read More

Dangote, BUA Cement spend 41.33% of sales on fuel, power

August 17, 2022 Segun Odunewu, Lagos 0

Nigeria’s tow leading cement companies, Dangote and BUA Cement spent a whopping sum of N173.537 billion in fuel and power during the half year ended June 30, 2022, representing 41.33 per cent of the total cost of sales of N419.965 billion recorded by the cement firms during the period under review. The amount spent by both companies is also 38.34 Read More

Dangote Petrochemical Plant to position Nigeria as polypropylene hub in Africa

July 25, 2022 Blessing Anaro, Lagos 0

The Dangote’s $2 billion Petrochemical Plant located in Lagos when fully operational will position Nigeria as one of Africa’s largest petrochemicals hubs and boost non-oil export earnings for the country, according to the Dangote Group President, Aliko Dangote. The 900,000 metric tons per annum capacity Plant, which is being built alongside the 650,000 barrels per day Dangote Petroleum Refinery will Read More

Dangote Cement promo: Previous winners recount gains

July 4, 2022 David Agba Abuja 0

Past winners of the Dangote Cement consumer promo have commended the company’s Management for the positive economic and social impact of the promo on their livelihoods and wellbeing. Some of the winners, who spoke on the impact of the cars and millions of Naira won during the previous seasons, described the promo as a big relief and a crucial palliative Read More

Investors dump BUA Cement shares for Dangote’s

June 24, 2022 Segun Odunewu 0

The stock market didn’t close in favour of businessman, Abdulsamad Rabiu and his company, BUA Cement, on Thursday as investors opted for the shares of his market rival, Dangote Cement, owned by Africa’s richest man, Aliko Dangote. After trading hours, Rabiu lost over N13.48 billion ($32 million), which represents -0.48 per cent of his wealth, resulting in the billionaire’s net Read More

Safe driving: FRSC commissions Dangote truck driving school

June 22, 2022 David Agba 0

Leading Cement manufacturer, Dangote Cement Plc, on Wednesday launched the Dangote Articulated Truck Driving School in a move aimed at inculcating safe driving culture in its drivers so as to stem the tide of road crashes. The opening of the school in partnership with the Federal Road Safety Corps (FRSC), the Company management reasoned, would also make the drivers become Read More

Dangote Sugar Refinery restates commitment to FG’s backward integration policy

June 15, 2022 David Agba 0

Dangote Sugar Refinery Plc has restated its commitment to the achievement of Sugar Backward Integration Projects, describing it as the best thing that happened to the sector. Speaking to shareholders at the 16th Annual General Meeting (AGM) of Dangote Sugar Plc, in Lagos the Chairman of the Company, Aliko Dangote, said despite the harsh operating environment, the board and management Read More

The flip side of Emefiele’s heroism for Nigerian farmers

June 9, 2022 Nasir Dambatta 0

“Two out of every five people on Earth today owe their lives to the higher crop outputs that fertilizer has made possible” – Bill Gates. Bull Gate’s famous quote on fertilizer would remind many a Nigerian farmer of an important component to what they know best – fertilizer. It will be pointless rehashing the tough odds confronting Nigerian farmers due Read More

El-Rufai, Dangote, others condole with Shettima’s family

May 16, 2022 Ahmid Lawal 0

The Nigerian elite have turned Kaduna state into a Mecca in honour of late Bukar Shettima, a retired police chief, who died at the age of 94. Among the notable Nigerians who paid condolence visit to the family of the deceased include: Governor Nasir El-Rufai of Kaduna state, former Vice President Namadi Sambo, Governor Abubakar Sani Bello of Niger state, Read More

‘Dangote Fertiliser to train over 1m farmers in three years’

April 4, 2022 Blessing Anaro 0

Towards enhancing agriculture and creation of jobs, Dangote Fertiliser Limited is to train over one million farmers in the next three years. The training, which is part of the Fertiliser company’s agriculture extension services will involve Spot Demonstrations, Result Demonstrations, Field Demonstrations and Soil Samples Collections. According to Mr. Uchenna Nwankwo of Dangote Fertiliser, the exercise is designed to instruct Read More

Dangote’s new fertilizer plant’ll save Nigeria forex – Buhari

March 23, 2022 Blessing Anaro Lagos 0

President Mohammadu Buhari said the newly commissioned Dangote fertilizer plant will make Nigeria less dependent on other countries for fertilizer and that the initiative will save the country lots of foreign exchange (forex). The president further praised Aliko Dangote, saying he is singularly, the second highest employer of labour in the country after the Federal Government (FG). “This is a Read More