Revealed! Full list of richest people in Africa *Dangote on top again, two other Nigerians soar

January 25, 2022 Solomon Arowolo 0

Forbes Magazine, Monday, reported that Nigerian billionaire Aliko Dangote has topped the 2022 list of Africa’s richest persons for the 11th year in a row. According to the report, Dangote’s wealth jumped from $12.1 billion last year to an estimated $13.9 billion. Forbes attributed the growth to a 30% increase in the stock price of Dangote Cement, his most valuable Read More

Dangote Oil Refinery to begin production in Q3 of 2022

January 25, 2022 Blessing Anaro 0

Management of Dangote Industries Limited, has revealed that the oil refinery will start processing crude oil in the third quarters of 2022. The chairman of the Dangote Industries, Aliko Dangote, who made this known in a briefing at the refinery plant site in Lagos, said that mechanical work on the refinery has been completed and “hopefully before the end of Read More

Otedola, Dangote rain dollars on Super Eagles

January 21, 2022 Blueprint 0

The Super Eagles Hotel la Rabidou camp in Garoua came alive on Wednesday with the visit of Central Bank Governor Godwin Emefiele as well as business moguls, Femi Otedola and Aliko Dangote. The trio visited the team’s camp at lunchtime along with president of Nigeria Football Federation, Amaju Pelvin Pinnick. Otedola and Dangote rained dollars on the Super Eagles following Read More

Pictures: Dangote hands rehabilitated Moshood Abiola stadium pitch, digital score board to FG

December 4, 2021 Editor 0

The Federal Ministry of Youth and Sports Development on Friday formally received the rehabilitated Moshood Abiola stadium pitch and digital score-boards from the Dangote Industries Group (DIG) after years of neglect. The revival of the pitch was made possible under the “Adopt-a-pitch” initiative of the incumbent Minister, Sunday Dare. The representative of the Chairman of DIG, Aliko Dangote, the Executive Read More

Ganduje condoles with Dangote over brother’s death

November 16, 2021 Bashir Mohammed 0

Governor Abdullahi Umar Ganduje of Kano state has commiserated with the President Dangote Group of Companies, Aliko Dangote, over the death of his brother, Sani Dangote, who was the vice president of Dangote Group of Companies. “We received the information about the passing away of this gentleman, Alhaji Sani Dangote, with shock. Kano state, our dear country Nigeria and the Read More

Dangote emerges Most Valuable brand in Nigeria for the fourth time

October 18, 2021 David Agba 0

For the fourth time in a row, Dangote Group, a fully integrated conglomerate and proudly Nigeria brand has again emerged as the most valuable brand in Nigeria, while the MTN Nigeria trailed as the most popular brand in the new Top of the Mind (TOM) survey conducted among corporate executives in the country. In rating the brands, seven metrics were Read More

Dangote, PIA, NNPC and Other Marketers

September 30, 2021 Zayyad I. Muhammad 0

The Petroleum Industry Act (PIA) 2021 is expected to open the Nigerian oil and gas industry wider to more opportunities and investment, especially for local players, regional, and international stakeholders. Many individuals and organisations will enjoy the new life PIA will offer, while some individuals and organisations will be knocked out of business. One entity that may benefit most from Read More

Dangote in talks with oil traders for refinery loan, denies $500m offshore facility talk with Vitol and Trafigura

September 16, 2021 Blessing Anaro 0

Africa’s richest man Aliko Dangote is in talks with some of the world’s biggest oil traders to help finance his mega refinery project outside of Nigeria’s commercial centre Lagos, sources with knowledge of the matter said. But there are strong indications that the management of Dangote Refinery is keeping close to their chest the alleged talks with Vitol and Trafigura, Read More

Dangote Refinery partners research outfit to develop oil sector

September 14, 2021 Blessing Anaro 0

Dangote Refinery has announced a partnership with the Nigerian Content Development and Monitoring Board (NCDMB) on the promotion of research and development in Nigeria’s oil and gas industry. According to a statement from the firm, Dangote refinery was a platinum sponsor of the second edition of the NCDMB Research and Development Fair and Conference 2021 in a bid to show Read More

FMDQ Exchange admits Dangote Cement Series 1 Bond on its platform

August 12, 2021 Amaka Ifeakandu 0

FMDQ Securities Exchange Limited has approved the listing of the Dangote Cement Plc N3.64 billion Series 1 (Tranche A), N10.45 billion Series 1 (Tranche B) and N35.91 billion Series 1 (Tranche C) Fixed Rate Bonds under its N300.00 billion Multi-Instrument Issuance Programme on its platform. This listing comes shortly after the successful registration of the Dangote Cement PLC N100.00 billion Read More

Dangote’s fortune soars to $17.8bn, only Nigerian on Bloomberg’s Billionaires’ list

August 11, 2021 David Agba 0

Africa’s richest man, Aliko Dangote has significantly moved up in the World Billionaires’ list as his fortune increased to $17.8 billion as against last year’s $14.8 billion to emerge as the only Nigerian in the Bloomberg’s yearly top billionaires lists. Other Africans on the list are three South Africans; Johann Rupert and family, worth $10.1 billion; Nicky Oppenheimer with a Read More

Dangote leads in solid mineral royalty payment in 2019 – NEITI

July 15, 2021 Blessing Anaro 0

The Nigeria Extractive Industries Transparency Initiative (NEITI), in Lagos has revealed that Dangote Cement Plc contributed 25.40 per cent of the Royalties received from Nigeria’s solid mineral sector with a payment of N635.52 million, in the year 2019. NEITI, said overall, Nigeria earned a total of N79.9 billion from the solid minerals its latest audit report showed. The report was Read More