Africa’s richest man, Aliko Dangote is among those considering counteroffers for PPC Group Limited that could signal a bidding contest for South Africa’s largest cement maker, according to people familiar with the matter. Dangote Cement Plc sees a bid for the Johannesburg-based company as a way to accelerate expansion outside its home market of Nigeria, […]
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“Nothing is impossible.” These three words are on a plaque that Aliko Dangote keeps on his office desk in Lagos, Nigeria, constantly reminding Africa’s richest man how to approach the world. Dangote, who was worth $12.3 billion as at mid-August, according to the Bloomberg Billionaires Index, is modest in his personal life but bold in […]
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President and Founder of Dangote Foundation, Aliko Dangote, has set aside ₦200 billion to establish a world-class university in Abuja. Former Executive Secretary of the National Universities Commission, NUC, Julius Okojie, who is the chairman of the technical team for the establishment of the university, said the foundation intended to drive technology and research in […]
Read More The President, Dangote Group, Alhaji Aliko Dangote, on Monday disclosed that the company would invest $450m in agriculture development in Niger State over the next three years Dangote, who made this known during the 2017 Niger State Investment Summit in Minna, said the funds would be used in establishing a large scale rice processing mill […]
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The Dangote Group has announced the signing of a Memorandum of Understanding with the Kano State Government for the proposed 100 megawatts Dangote-Black Rhino solar power plant. The conglomerate said in a statement that the formal agreement for the project was reached on Thursday at the office of Secretary to the Kano State Government, Usman […]
Read More Dangote Industries Limited sold a 2.3 percent stake in Dangote Cement to foreign investors on Tuesday in a stock market deal valued at ₦86.1 billion ($236 million). Africa’s biggest cement maker has been selling small stakes to increase its free float, which is well below the Nigerian stock exchange’s required level. A spokesman for the […]
Read More Aliko Dangote; still Africa’s richest despite naira fall Although, Africa’s richest man, Nigerian Aliko Dangote dropped to 105th on the 2017 Forbe’s real-time billionaires’ ranking, he maintains the lead in Africa, as the richest man. Dangote, who was ranked 51st in 2016 with a net worth of $15.4 billion, currently has a net worth of […]
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The President, Dangote Group, Aliko Dangote yesterday said the Federal Government loses about ₦140billion weekly because of the deplorable condition of the Apapa ports access roads. He, however lauded, the government’s decision to reconstruct the failed Apapa Wharf road. Dangote said: “The economy loses more than ₦20 billion daily. It affects businesses across the country. […]
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Acting President, Prof. Yemi Osinbajo, on Tuesday inaugurated the National Industrial Policy and Competitiveness Advisory Council with a directive to create the chance for Nigeria to be competitive in international trade. The Vice President is the chair of the council with the two ministers of Industry, Okechukwu Enelamah and Aisha Abubakar as chairs of the […]
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Oxfam International on Wednesday in Abuja unveiled its ‘Inequality in Nigeria’ report, which revealed the harsh economic reality in a country where 112 million citizens live in abject poverty, stating that the combined wealth of five of her richest citizens, put at about $29.9bn, could end extreme poverty in the nation. Quoting Forbes, the agency […]
Read More chairman of Dangote Sugar Refinery, DSR Plc, Alhaji Aliko Dangote, has said that the company will invest up to N106 billion in the next four years to bolster its operations. Dangote made the disclosure yesterday at the company’s 11th Annual General Meeting, AGM, in Lagos, saying that about N101 billion has been committed to date […]
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President Muhammadu Buhari has hailed the entrepreneurial skills of Alhaji Aliko Dangote, saying that he provided employment without ethic and religious considerations. The remarks were contained in a statement by the President’s spokesman, Mr. Femi Adesina on Sunday to felicitates with Dangote, on his 60th birthday. Describing the celebrant as “Africa’s renowned businessman and philanthropist”, […]
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