Tag Archives: Dangote Group

Dangote Group’s revenue exceeds $4.1bn in 2017

President and Chief Executive, Dangote Group, Aliko Dangote, has said his companies annual revenue for 2017 exceeded $4.1 billion. He also disclosed that the group planned to invest $4.6 billion over the next three years in sugar, rice and dairy production. Speaking during the Dangote Food Distributors Award night in Lagos, Dangote said: “In 2017, our annual revenues exceeded $4.1 ...

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A’Ibom, NNPC, Dangote others plan power plant

A new electricity generating company, Qua Iboe Power Plant, expected to gulp more than $1 billion is to be set up at the Qua Iboe Onshore Terminal in Ibeno Local Government Area of Akwa Ibom State. The Akwa Ibom State Governor, Udom Emmanuel, who disclosed this, while fielding questions from journalists shortly after a meeting in his office with the ...

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Dangote receives land for $150m project in Kano

The Kano State Government has handed over 150 hectares of land to Dangote Group for the development of $150m Dangote/Black Rhino solar power plant in Zakirai, Gabasawa local government area. A representative of Aliko Dangote, Managing Director Stakeholder Management Dangote Group, Bello Danmusa, received the land on behalf of the business mogul. The handing over of the land was witnessed by the District Head ...

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NSE market capitalisation hits N14trn

The Nigerian Stock Exchange (NSE) on Monday opened for the week on a positive note with the market capitalisation hitting N14 trillion mark for the first time after three years. The market capitalisation rose above N14 trillion to N14.181 trillion for the first time after gaining N350 billion or 2.38 per cent as against N13.851 trillion on Friday. The News ...

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Dangote, BUA lock horns over limestone deposit

A battle for ownership of vast limestone deposits in Kogi state is raging between the Dangote Group and cement rival BUA Group, with the Dangote management accusing BUA of stealing billion dollars worth of limestone belonging to it. But, the management of BUA International Limited has denied the allegation, saying it was part of a plot by the Dangote Group to “out-muscle” ...

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