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Tag Archives: dangote

Dangote drops from $12.2bn to $10bn, still richest African..Adenuga is no 2

President of the Dangote Group, Aliko Dangote, and the Chairman of Globacom, Dr Mike Adenuga, top Forbes’ Africa Billionaires List released on Wednesday.However, Dangote saw his wealth drop by $2bn from $12.2bn in January 2018 to $10bn in 2019. But Dangote retained his position as Africa’s richest man for the eighth consecutive time. Adenuga, with interests in oil exploration and ...

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Dangote loses N2b monthly to Apapa traffic gridlock

The Management of Dangote Group says its sugar and salt companies lose about N2 billion monthly to the perennial traffic gridlocks on Apapa Port roads  every month.  The company’s traffic Manager, Mr  Mohammadu Rabiu, revealed this at a stakeholders meeting called at the instance of the Western Naval Command of the Nigerian Navy in Lagos. The News Agency of Nigeria ...

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Kano emir’s firm, Dangote, NNPC to build $1.1bn power plant

Dangote Group, Black Rhino Group in collaboration with Nigerian National Petroleum Corporation (NNPC) have formalised agreement to construct  the Qua Iboe Power Plant (QIPP), in Akwa Ibom State, at the cost of $1.1 billion. The investors, yesterday, signed a pact with Nigeria Bulk Electricity Trading Plc (NBET) to develop the project which would add 540 megawatts (mw) electricity to the ...

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Dangote Debunks Proposed 10-Year Tax Holiday Report

Dangote Group has  debunked the story going round that the company will benefit from a 10-year tax holiday after constructing the 35 kilometres Apapa to Oworonshoki long highway end of the Lagos-Ibadan Expressway Speaking to cross section of journalists in his Ikoyi office yesterday, group executive director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, revealed that ...

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GOCOP conference: Governors, Service Chiefs, Lai Mohamed, Dangote, others confirm attendance

The Guild of Corporate Online Publishers (GOCOP), a group for the highest strata of Nigerian media professionals in online publishing, has secured firm assurances of the presence of eminent Nigerians at its conference. Themed: “Sustaining Growth through Diversification of the Economy,” the conference will hold on Thursday, August 10, 2017 at Renaissance Hotel, Isaac John Street, GRA, Ikeja, Lagos. A ...

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Labour Hails Aliko On Investment Drive, Employment, Youth Empowerment

Following his fresh investments in automobile and agriculture, the organized labour in the country has commended Alhaji Aliko Dangote, President and the Chief Executive of Dangote Group for promoting investments and creating thousands of direct and indirect youth employments across the country and in Africa. The labour said Dangote’s patriotism remains unparalleled when it comes to investment and that his investments ...

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Dangote, Govt, Flour Mills sign MOU on repair of Apapa Wharf Road

  Succor will soon come to users of Apapa Wharf road as Federal government handed over the troubled road to Dangote Industries Limited and Flour Mills of Nigeria (FMN) for immediate reconstruction with concrete overlay. After the nation and port users have lost several billions of Naira on the dilapidated road, thenFederal government at the weekend in Lagos signed a ...

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DANGOTE TO LAUNCH 25,000 HECTARES OF RICE SCHEME IN SOKOTO

aliko dangote

Dangote Rice, a subsidiary of Dangote Group is set to launch in Sokoto, Sokoto state it’s multi-million naira 25, 000 hectares of rice Outgrower scheme with a prospect of hundreds of thousand of employment opportunities for the rural communities inhabitants. President of the Group, Aliko Dangote disclosed at the weekend that the Company will on Wednesday, flag of with a ...

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Presidency,Dangote denie poisonous rice importation

IT is uncharitable for anybody to link the Federal Government  and Dangote Group with a plot to ‘flood’ the country with Genetically Modified (GMO) rice, the Presidency said yesterday. The government was reacting to some individuals on social media to link the importation of killer-rice to the government and the company. In a statement, the President’s Special Adviser on Media ...

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Boko Haram: Dangote to rebuild destroyed health facilities

The Chairman of Dangote Foundation Alhaji Aliko Dangote has promised to partner with Yobe State Government to rebuild all the Health facilities that were destroyed by Boko Haram insurgents in Yobe State,particularly, the ones destroyed in the two local Governments of Gujba and Gulani Local Government. Gujba and Gulani were the two local governments taken over by Boko Haram at ...

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