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 Industries Limited announce the successful completion of its N187.6 billion Series 1 Bond Issuance. The Issuance is the largest corporate bond ever issued in the history of the Nigerian capital market. This landmark transaction represents the first issuance by DIL at Group level and comprises of a 7-year Tranche-A bond issued at 12.75 per cent and a 10-year Tranche-B Read More
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
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
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 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
“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
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
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
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
President of Dangote Group, Aliko Dangote, on Wednesday, promised to enter into agreement with governments, local governments and local producers of Nutri-K’s Ready-to-Use Therapeutic Food (RUTF) to guarantee adequate supply directly to primary healthcare centres that treat severe an acute malnutrition(SAM) on sustainable bases. He stated this at the inauguration of a factory meant to produce the RUTF Wednesday in Read More
Encouraged by his huge investments and philanthropic activities in the country, President Muhammadu Buhari and his host, the Governor of Kaduna State, have hailed the President of the Dangote Group, Alhaji Aliko Dangote. The duo spoke at the 43rd Kaduna International Trade Fair which was officially declared open by the President at the weekend. The organizer of the Fair- Kaduna Read More
Billionaire businessman and Africa’s richest man, Aliko Dangote, on Thursday evening, visited the newly renovated Moshood Abiola Stadium pitch, adopted by him under the Minister of Youth and Sports Development, Sunday Dare’s Adopt-a-Pitch initiative. Dangote, whose company, Dangote Industries Group sponsored the rehabilitation of the pitch, expressed satisfaction with the job done, as he was conducted round the pitch with Read More
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
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
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
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
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
The new Calabar Port Manager, Mr Nelson Ovbude, who took over from Mrs Marie Asein, has said his administration would strive to consolidate and add value to the successes the Port has recorded so far. Ovbude said this during his maiden interactive meeting with critical stakeholders, organised by the Management of the Port at the Port Complex Calabar. He charged Read More
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
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
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 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 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
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
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