DANGOTE COMPENSATE VICTIMS OF ITS TRUCK’S ACCIDENT IN ANAMBRA

David-Chyddy Eleke in Awka The Dangote Group has paid a sum of N10 million to traders affected by an accident involving one of its trucks which lost control and swerved into Afo Ibughubu Market, Umuchu, Aguata Local Government Area (LGA), Anambra State. The company presented the cheques to the beneficiaries at the State House, Awka in the presence of the Deputy Governor, Dr. Nkem Okeke and representatives of NEM Insurance Plc, among others. The accident, which occurred sometimes in 2018, claimed at least three lives; seven suffered varying degrees of…

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NO COUNTRY CAN SURVIVE WITH REPUBLIC OF BENIN AS NEIGHBOUR SAYS DANGOTE, SEE WHY

Lagos – Africa’s richest man, Aliko Dangote, has berated the volume of smuggled goods coming into Nigeria through the Republic of Benin. Dangote spoke at a stakeholders’ session in Lagos between the private sector and the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele. He said smuggling activities from the Benin Republic route is killing manufacturing in Nigeria. His words: “Smuggling is killing Nigeria and most of these smuggled goods come from the Benin Republic. There is no country that can survive with Benin Republic as a neighbour. Details later……

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RAMADAN: DANGOTE RELEASES 200MIL FOR BORNO IDP FEEDING

By Ndahi Maram Maiduguri—Borno State Deputy Governor,  Usman Durkwa, yesterday, commended the Chairman of Aliko Dangote Foundation, Alhaji Aliko Dangote and Mrs. Zoiera Youssoufou, Managing Director of Aliko Dangote Foundation for donating food items worth N200 million for distribution to thousands of people, especially Internally Displaced Persons, IDPs, during this year’s Ramadan. Alhaji Aliko Dangote The deputy governor made the commendation during the official flag-off of distribution of the items in Konduga and Bama Local Government Areas of the state. Durkwa who represented Governor Kashim Shettima during the exercise said:…

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DANGOTE DUMPS RICE, SUGARCANE FARMING FOR DAIRY FARMING

   The Dangote Group, one of the country’s biggest investment holdings, is changing its strategies regarding group investment in rice and sugarcane production and processing in the country. The group had acquired thousands of hectares across major rice and sugarcane producing belts for production and processing but that plan has changed to only processing. Engr. Mansur Ahmed, the Group Executive Director, Government and Strategic Relations of the group, said the change in strategy had become necessary because of the several issues involved in places where they had acquired land. Processing,…

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NIGERIA WOULD STILL NEED 20MIL LITRES PER DAY DESPITE DANGOTE REFINERY IN 2020- NNPC

Despite the current 445,000 barrels per day (bpd) capacity of the country’s refineries and Dangote’s 650,000 bpd refinery expected by 2020, Nigeria will still have a shortfall of 427,000 bpd, equivalent of 20 million litres of Premium Motor Spirit (PMS), per day. Dr. Maikanti Baru, Group Managing Director of Nigeria National Petroleum Corporation (NNPC), who disclosed this yesterday in Abuja, said the country would need a refining capacity of 1.52 million bpd in order to meet its PMS requirement by 2025. Delivering a state of the industry address at this…

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DANGOTE SELLING OFF HIS FLOUR MILL FOR 130BIL NAIRA

Aliko Dangote is reportedly selling his loss-making business unit, Dangote Flour Mills to Olam International for N130 billion ($361.11 million). The sale of Dangote Flour Mills Plc for N130 billion ($361.11 million), was announced in a corporate disclosure posted on the Nigerian Stock Exchange (NSE) on Tuesday. According to Thabo Mabe, director at Dangote Flours, Olam International has indicated interest to acquire all the outstanding and issued shares of the flour mills company that are not currently owned by Ola through its subsidiary, Crown Flour Mills Limited. “The total consideration…

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OPEC BANKS ON DANGOTE REFINERY FOR OIL PRICE STABILITY

The Organization of Petroleum Exporting Countries (OPEC) is upbeat at the prospect of Dangote Oil Refinery serving to drive world crude oil refining capacity increase, especially in Africa by 2020. The organization, in the current edition of its World Oil Outlook (WOO), said Dangote Refinery, which is the first privately owned and operated refinery in Nigeria, will refine as much as 650,000 barrels of crude oil per day at installed capacity. Presently, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68 per cent is coming from…

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WATCH THE REVEALING INTERVIEW ALIKO DANGOTE GRANTED MO’ IBRAHIM WHERE HE SPOKE ABOUT HIS WEALTH, SOLUTION TO AFRICAN PROBLEMS

Aliko Dangote: at the Mo Ibrahim interview in Abidjan Here is the full interview Mo Ibrahim, the British-Sudanese billionaire had with Africa’s biggest industrialist and richest man, Aliko Dangote in Abidjan, Ivory Coast on 6 April. It is an interview that must be watched by all Africans, leaders and the led for answers to a variety of problems holding the continent down. He speaks about his industries, cement and the giant petro-chemical complex he is building outside of Lagos. He speaks about doing business in Africa, the problems of visa…

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SEE HOW LONG IT WILL TAKE FOR DANGOTE TO PAY FOR HIS 792MIL NAIRA BUHATTI VEYRON, SEE CAR PIX

Nigerian business magnate and investor, Aliko Dangote , is 62 years old today. As of March 2019, the richest man in Africa and 100th in the world, had an estimated net worth of US$10.6 billion. He has retained his position as the richest man in Africa for eight consecutive years. To celebrate his birthday, AutoJosh wants you see the time it would take the gentleman to earn his amazing $2.3 million Bugatti Veyron in hours, minutes and seconds. Using the Forbes Top 100 earners, Price-comparison website, GoCompare , used the increase…

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ALIKO DANGOTE IS 62 TODAY, SEE THROWBACK PICS

Aliko Dangote GCON (born 10 April 1957) is a Nigerian business magnate, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries. As of March 2019, he had an estimated net worth of US$10.6 billion. Dangote is ranked by Forbes magazine as the 100th-richest person in the world and the richest in Africa, and peaked on the list as the 23rd-richest person in the world in 2014. He surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over $2.6 billion to…

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