Tag: Dangote

EFFC Dangote raid crashes Nigeria dollar bond one week - Bloomberg
Business

EFFC Dangote raid crashes Nigeria dollar bond one week – Bloomberg

The Economic and Financial Crimes Commission raid last week on the offices of Aliko Dangote, Africa’s richest person whose empire dominates the Nigerian corporate world, has caused Nigeria’s dollar bonds to fall. According to Bloomberg, Nigeria’s dollar bonds maturing in 2025 have declined for seven consecutive days, the biggest losing sequence since September, indicating that […]

Dangote refinery urges NUPENG, PTD to resolve conflict
News

Dangote reclaims top spot on Forbes as Africa’s richest man

Forbes Real-Time Billionaires has reported that Nigerian entrepreneur and philanthropist, Aliko Dangote, has restored his title as Africa’s richest person. This is coming after a South African business billionaire, Johann Ruper, surpassed Dangote as Africa’s richest man last week. According to the January 8 ranking, Dangote’s net wealth increased by $10 million to $10.1 billion, while Rupert’s net worth was $10 […]

Dangote refinery investors gain N1.2tn in two days
featured

Dangote to begin production as crude supply hits 6 million barrels

The Dangote Petroleum Refinery stated on Monday that it is ready to begin producing refined petroleum products after receiving the 6th batch of one million barrels of crude oil needed for the plant’s starting operations. According to The PUNCH, “Dangote refinery appears set to commence production of refined petroleum products with the receipt of the […]

Dangote Refinery's polypropylene to enter market
Oil and Gas

Dangote Refinery receives fifth crude oil shipment 

The Nigerian National Petroleum Corporation Limited delivered the fifth crude oil shipment of one million barrels of Bonny Light to Dangote Petroleum Refinery on Thursday. The firm is currently planning to welcome the sixth million barrels of crude oil to the refinery by next week. This recent discovery is an important step forward for the […]

S'African billionaire dethrones Dangote as Africa’s richest man
Business featured News

S’African billionaire dethrones Dangote as Africa’s richest man

Johann Rupert and family have emerged as the richest man in Africa, dislodging Aliko Dangote as the continent’s wealthiest man in a list released by Forbes Magazine. Nigerian billionaires; Rabiu Abdulsamad and Mike Adenuga have lost their spots in the billionaire rankings released by the financial magazine In the list, the Forbes Daily billionaires ranking […]

Dangote refinery receives one million crude barrels
Oil and Gas

Dangote refinery receives one million crude barrels

The Nigeria National Petroleum Corporation Limited delivered the fourth shipment of one million barrels of bonny light crude oil to the Dangote Petroleum Refinery on Monday. The PUNCH reported that according to a statement from the $20 billion enterprise, the fifth crude oil cargo is expected soon. The plant had previously received three shipments of […]

Dangote Sugar loses N172bn in forex, ends 2023 with N108.9bn loss
Business News

Dangote ranks second best performing Sub-Saharan African company

Dangote Group has emerged as the second-best performing company in Sub-Saharan Africa in 2023. In a report compiled by African Financials, the business consultancy firm, South Africa’s MTN Group, Dangote, and other companies have been extraordinary all year round as they stand as the top 30 companies in Sub-Saharan Africa, aside from South Africa. Except […]

EFFC Dangote raid crashes Nigeria dollar bond one week - Bloomberg
Business

Dangote Group subsidiaries paid FG N474bn in tax – Report

In three years, three Dangote Group subsidiaries paid the federal government a total of N474 billion in taxes. According to The Punch, a representative of the Dangote Group,  Hashem Ahmed, said this on Thursday during the 18th Abuja International Trade Fair’s opening ceremony. Ahmed, who spoke on behalf of the multibillion-dollar organization, revealed this while discussing the fair’s […]

Dangote Industries finalises N200bn bond listing
Business

Dangote Industries finalises N200bn bond listing

    Dangote Industries has finished listing its N200 billion series 1 and 2 bonds on the Nigerian Exchange Limited. According to The PUNCH, this was disclosed by the Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake, during the closing-gong ceremony to commemorate the listing of the bond held at the Exchange on Wednesday. […]

Dangote to slash sugar import by 40%
Business

Dangote urges engagement to promote trade in Kaduna

DanOne of the sponsors of the 44th Kaduna International Trade Fair, Dangote Industries Limited, has urged for increased engagement to promote trade in Kaduna State and its surroundings. The statement made by the company at the ongoing trade fair was that participants who wish to carry out business with any of the company’s subsidiaries may […]