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Discos lose 1.13 million customers despite record ₦2.32tn revenue

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Tag: Aliko Dangote

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
News

Oil mafia made efforts to stop our refinery – Dangote

The chairman of Dangote Refinery, Aliko Dangote has said that attempts were made on several occasions to undermine his $19 billion refinery project in Lagos by both local and foreign criminal organizations, which he referred to as the “mafia.” During his address at the Afreximbank Annual Meetings, Dangote compared the drug and oil cartels to […]

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Nigeria to produce all W’African steel soon — Dangote

The Chief Executive officer of Dangote refinery, Alhaji Aliko Dangote, has put forward a plan to start producing steel soon and stated that he wants to make sure that all of the steel used in West Africa originates in Nigeria. This was disclosed by Dangote during an interview at the ongoing Afreximbank Afro-Caribbean Trade & […]

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
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Dangote Refinery to establish terminal in the Caribbean to ease export

Dangote Refinery intends to establish a terminal in the Caribbean to export petroleum products to nations in the North American continent This was disclosed by CEO of the Dangote refinery, Aliko Dangote on Wednesday at Afreximbank’s Trade and Investment Forum in The Bahamas, according to nairamtrics. According to Dangote, the business can readily provide the […]

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Naira devaluation biggest mess created in 2023 – Dangote

The President of Dangote Industries Limited, Aliko Dangote, has described the devaluation of the naira by the administration of President Bola Tinubu in 2023 as the biggest problem his company and many other businesses faced in 2023. Floating the naira allows forces of demand and supply in the market to determine its value. This was […]

Dangote names Lekki refinery road after Wigwe
Business

Marketers yet to get Dangote fuel after four weeks

By Melvin Onwubuke   Oil marketers announced that, they were still anticipating the supply of refined products, weeks after the take off, of the multi billion dollar plant, by Dangote Petroleum Refinery. This follows the announcement made by Dangote refinery, on the commencement of production of diesel and aviation fuel on January 12, 2024, according […]

Dangote, two other billionaires lost $9.3bn in 2023 - Report
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Dangote, two other billionaires lost $9.3bn in 2023 – Report

The Forbes’ Real-Time Billionaires list has revealed that three Nigerian billionaires – Aliko Dangote, Abdulsamad Rabiu, and Mike Adenuga’s combined wealth would fall by $9.3 billion in 2023. The Forbes’ wealth-tracking tool gives ongoing updates on each individual confirmed to be a billionaire’s net worth and ranking. When relevant stock markets are open, the value of individuals’ […]

Dangote refinery to import crude oil from Libya
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Dangote refinery targets 350,000bpd – Report

Bisola David   The chairman of the Dangote Group, Aliko Dangote, has announced that the refinery will begin operations in December 2023 and that its first target will be 350,000 barrels per day. He stated this in an interview with the Financial Times on November 25. Dangote said that the eagerly anticipated refinery will begin operations with 350,000 […]

Dangote refinery urges NUPENG, PTD to resolve conflict
Business

Dangote will tackle unemployment – Fatima Aliko-Dangote

The Executive Director of Commercial Operations for the Dangote Group, Hajia Fatima Aliko-Dangote, has reaffirmed the company’s commitment to eradicating the high rate of youth unemployment in the country. According to The Punch, Aliko-Dangote revealed this information during the just-finished “Dangote Day” at the Lagos International Trade Fair. He stated that since the company’s founding, President […]

Dangote refinery secures licence to refine crude oil
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Dangote refinery secures licence to refine crude oil

Africa’s wealthiest man,Aliko Dangote, has announced that his refinery has obtained a license to process over 300,000 barrels of Nigerian crude daily and is set to commence gasoline production soon. “We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” Dangote said in an interview in Riyadh […]

EFFC Dangote raid crashes Nigeria dollar bond one week - Bloomberg
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Dangote subsidiaries pay N474bn in taxes over three years

Dangote Industries Limited increased the Federal Government’s tax base by remitting over N474 billion in taxes over the course of three years. The Punch reported that they are all listed on the Nigerian Exchange Limited’s floor: Dangote Cement Plc, Dangote Sugar Refinery Plc, and NASCON Allied Industries Plc. An analysis of the remittances revealed that the […]

Dangote refinery urges NUPENG, PTD to resolve conflict
Business

Lagos NUJ awards Dangote as highest private employer in Nigeria

Dangote Industries Limited received an award of excellence from journalists in Lagos State for its remarkable contributions to the economic development of Nigeria and Africa in general. According to journalists, Dangote’s aggressive employment generation push, which has resulted in thousands of capable youths finding lucrative employment within the Group, and the company’s dedication to providing essential […]

Dangote cement hits historic N10trn market capitalization
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Dangote justifies cement price amidst criticism

Dangote Cement Plc has stated that its cement pricing is comparable to or cheaper than those seen along the West African coast. The Punch reported that the company stated that, contrary to widespread media allegations, the price of a bag of cement from its Nigerian facilities had not increased. The company had faced widespread criticism […]

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