Tag Archives: Dangote

The Chairman of Dangote Group, Alhaji Aliko Dangote, has assured Nigerians that the first petrol from the Dangote refinery will hit the Nigerian market by end of July/ beginning of August 2023. Dangote gave the assurance in his remarks at the official inauguration of the 650,000 barrels per day refinery complex in Ibeju-Lekki, Monday. He said the facility has a ...

Nigerian business tycoon, Aliko Dangote, overtook two Russians, one Chinese and an Indian on the billionaires’ list on Monday, after making N460bn in a day. The Chief Executive Officer of Dangote Group made the profit following increased demand for Dangote Cement, beating his fellow billionaires by earning about $100 million. He maintains a majority share at his Cement company, following ...

Africa richest man, Aliko Dangote has said that Dangote Refinance located at Lekki Lagos was not part of the projects President Mohammadu Buhari commissioned in his visit to Lagos. The prominent entrepreneur made this known in a press release by his media department. Here is the press statement: Our attention has been drawn to some misleading reports regarding the commissioning ...

Africa’s foremost conglomerate the Dangote Group won the coveted ‘ Overall Most Responsible Business’ Award, just as three of its subsidiaries clinched awards at the 16th edition of the Sustainability, Entrepreneurship and Responsibility Awards (SERAS) held at the Oriental Hotel, Lekki, Lagos. At the well-attended event, which drew stakeholders across the industrial sector who had earlier submitted a record 151 ...

Africa’s richest man, Aliko Dangote appears to be winning in spite of the economic headwind which has sent south, the net worth of many billionaires around the world in 2022. According to the Bloomberg Billionaire Index, Dangote’s net worth is currently valued $20.2 billion, making him the 68th on the global billionaire list as of the time of this report. ...

A new report claims that Africa’s richest man, Aliko Dangote, does not have the kind of money needed to complete his refinery by 2023. The report published by Fitch, the world’s biggest global rating agency, alleges that the Nigerian billionaire requires an additional $1.1 billion (900 billion) to complete the refinery but has invested all his cash and even borrowed ...

Aliko Dangote, the richest man in Africa, posted decent gains in Q1 despite increased geopolitical uncertainty and high inflation. Bloomberg Billionaires Index data shows that the wealthiest black man in the world now has an estimated net worth of $20 billion and posted gains of about $915 million in the first quarter. Additionally, he ended the first quarter as the ...

The Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, has explained why the Federal Government should place a ban on the exportation of maize. Africa’s richest man said that the ban has become necessary in order to ensure food security in the country in the face of the ongoing war between Russia and Ukraine, which poses serious challenges for ...

Nigerian billionaire Aliko Dangote has topped the 2022 list of Africa’s richest persons for the 11th year in a row, Forbes magazine said in a 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 asset. “A surge ...

Dangote Cement Plc has announced that the Securities and Exchange Commission (SEC) has granted the company approval to file its Annual Audited Financial Statements on or before February 28, 2022, which is within sixty days of its year-end. SEC also granted approval for Dangote Cement not to file its Fourth Quarter Unaudited returns within thirty days of its ending period. ...