Dangote Group is billed to spend over $20 billion over the next decade to increase the volume of its local manufacturing and improve and grow the nation’s economy. The Group’s Executive Director, Stakeholders’ Relations and Corporate Communications. Ahmed Mansur, made this known. Mansur, who said this yesterday in Lokoja, Kogi State, at a media briefing, said […]
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The current recession rocking the Nigerian economy has hit one of the biggest employers of labour in the country outside of the government as the Dangote Group, belonging to Africa’s richest man, Aliko Dangote, has fired 48 members of staff. According to correspondents, those sacked were made up of 36 expatriate and 12 Nigerian workers from […]
Read More The U.S. Chamber of Commerce, in furtherance to collaboration of business communities in the United States and across Africa, has named Aliko Dangote, Africa’s most successful businessman, as the co-chair of its U.S.-Africa Business Center. Dangote will serve alongside Jay Ireland, president and CEO of GE Africa, as a leader for the U.S.-Africa Business Center […]
Read More Dangote Tomato Processing Factory, a newly commissioned company owned by Africa’s richest man, Aliko Dangote, has suspended its operations due to the unavailability of its most important raw material – fresh tomatoes. The Managing Director of the factory, Abdulkadir Kaita, told the News Agency of Nigeria on Friday that several tomato farms in in Kano, […]
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Dangote Cement Plc invested over $5bn to build 44 million tonnes per annum cement factories in eight African countries in 2015, the firm said in its 2015 annual report. These countries are: Nigeria, Cameroon, Ethiopia, Senegal, South Africa, Tanzania, Zambia and Ghana. The Chairman, Dangote Cement, Aliko Dangote, was quoted in the report as saying […]
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[su_dropcap]D[/su_dropcap]angote Cement Plc has announced the commencement of the construction of a new three million metric tonnes per annum capacity cement grinding plant in Cote d’Ivoire. The project is coming just as the company announced the ground-breaking of a new six million metric tonnes per annum Greenfield cement plant in Okpella, Edo State, and commencement […]
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GEOLOGISTS from Nigeria’s conglomerate, Dangote Industries Limited, are said to have begun work aimed at setting up a cement manufacturing plant in Zimbabwe. According to media reports in Zimbabwian, the southern African country’s Secretary of Mines and Mining Development, Francis Gudyanga, confirmed that the geologists were in the field, collecting samples for analysis. This comes […]
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AFTER waiting on the queue for more than four hours to buy premium motor spirit, otherwise known as petrol in Abuja, a taxi driver, Adebayo Olawole considered himself fortunate he got a half-filled tank. The day before, he got to the front of the line and was told there was none left, The Nation report. […]
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THE Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday commended Dangote Group for its plans to invest 14 billion dollars (N2.8 trillion) in oil refinery and petrochemical complex. Mr Mike Osatuyi, the National Operations Controller of IPMAN, gave the commendation in an interview with the News Agency of Nigeria (NAN) in Lagos. Osatuyi appealed […]
Read More The Central Bank of Nigeria has expressed its readiness to support the refinery, fertiliser and petrochemical complex being built by Dangote Industries Limited in Lagos by providing foreign exchange for the importation of equipment. The central bank said the project, when completed, would fetch the country about $6bn in foreign exchange yearly through the export […]
Read More In the face of the current challenges facing the Nigeria, President of Dangote Group, Aliko Dangote has urged Nigerians not to be despair but have abiding faith in the ability of the Federal Government to turn the nation’s economic around in no distant future, noting that the current challenges will soon be a thing of […]
Read More Dangote Industries Limited (DIL) has explained why it bought back its former subsidiary, Tiger Branded Consumer Goods (TBCG). It said its action is to prevent the company from dying and also save the job of over 3,000 Nigerians. DIL was approached by Tiger Brands to acquire its 65.7 per cent shares of TBCG Limited. While […]
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