The Dangote Refinery is one of the largest and most ambitious industrial projects in Africa. Located in Lekki, Nigeria, the refinery has a refining capacity of 650,000 barrels per day, making it a game-changer in the oil and gas industry. Dangote’s vision extends beyond national borders, with plans to transform Nigeria into a net exporter of refined petroleum products. In Read More
Organized Private Sector under the auspices ofù the Lagos Chamber of Commerce and Industry (LCCI), Wednesday lauded the contributions of Dangote Industries Limited (DIL) to poverty reduction efforts of the Federal government, especially the massive employment opportunities for the nation’s teeming youths. Alluding to the thousands of jobs the Dangote Refinery will generate when fully operational, Dr Micheal Olawale-Cole, President Read More
Dangote and BUA are two of the largest business entities in Nigeria, and they are also two of the biggest rivals in the cement and sugar industries. The rivalry between the two groups is intense, and it has been playing out in the courts, in the media, and even on the streets. Dangote Cement is the largest cement producer in Read More
Management of Dangote Industries Limited (DIL) has refuted allegations that it engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices. It gave the warning following claims in some sponsored reports in the online media, suggesting that the company is being probed for alleged illegal foreign exchange Read More
Skills Development Workshop, Sustainability Awareness Campaign and Corporate philanthropy were some of the high points of the weeklong Sustainability programme at the Obajana Plant of the Dangote Cement Plc. Sustainability Lead at the Obajana Plant, Dr. Eseosa Ighile, said this year’s Sustainability programme, themed “Sustainable Production and Consumption – The Dangote Way” was very impactful. Dr. Ighile said the company Read More
Indigenous brands have continued to dominate the various industries in the country with a rapid growth trajectory among the top 10 leading brands in the country. This was revealed in the latest Top 50 Brands evaluation and rating by Top 50 Brands 2023, an independent firm involved in the evaluation and rating of corporate brands in the country, specifying that Read More
Dangote Cement led eight other companies on the NGX in foreign exchange losses recording a significant foreign exchange loss of N113.63 billion, representing a 179.47 per cent year-on-year increase, the highest in the past five years as a result of the devaluation of the Naira. The Naira went from N465/$ at the end of May 2023 to N756/$ in June Read More
Ibeju Lekki residents applaud Dangote Refinery CSR activities The Committee of Baales and some residents of Ibeju Lekki, Lagos have showered encomium on the Management of Dangote Refinery, on its social responsibility initiatives. They expressed appreciation to the company for providing vital infrastructure for their communities, repairing all the entrance roads of the 15 host communities by grading, sand filling, Read More
Due to erratic power supply, Nigeria’s two biggest Cements factories, Dangote Cement and BUA Cement spent a whopping sum of N204.925 billion in fuel and power during the half year ended June 30, 2023. A look at the financials showed that Dangote Cement spent the sum of N157.020 billion on alternative power during the half year 2023 as against N129.957 Read More
The Independent Petroleum Marketers Association (IPMAN) has asked Nigerians to remain hopeful, saying the Dangote Refinery will save the country billion of dollars, urging that, the government of the country should be made to account for the huge revenue accruing from the subsidy removal. “When Dangote Refinery commences operation, it will save the country billions of forex and also create Read More
It was an atmosphere of excitement at the weekend as Dangote Granite Mines, Ijebu Igbo, a subsidiary of Dangote Group, awarded multi-million Naira scholarships to 60 host communities’ students in various schools in the country as part of its Corporate Social Responsibility (CSR) to foster educational development in its host communities. The company also promised the beneficiaries automatic employment should Read More
The Aliko Dangote Foundation(ADF) has offered relief to more Nigerian nationals fleeing the conflict in Sudan. The recent, One Hundred and Twenty-Five (125) persons including many disabled, flown into Abuja by Tarco Airline on Saturday, June 24th, each received N100,000 naira and dignity packs courtesy of the Aliko Dangote Foundation. It will be recalled that over 2,278 returnees received N100,000 Read More
Africa’s top philanthropist Aliko Dangote walked off yet another royal accolades for his business acumen and efforts to bring all Nigerians together. This endorsement came from a Monarch in Kogi State, HRH the Baalo of Oyo, Oba Solomon Obahawu during the Foundation Laying Ceremony for the construction of a secondary school and the debut of a newly dug borehole by Read More
South African Johann Rupert has displaced Nigerian billionaire businessman Aliko Dangote to become Africa’s richest man, Forbes Magazine said. Rupert’s net worth is currently $12 billion according to Forbes Real-time Global Billionaires Ranking, while Dangote trails behind him with a net worth of $10.8 billion as of Friday. Dangote’s net worth dropped due to the recent operational charges on the Read More
President Bola Tinubu is currently hosting former world richest man, Bill Gates, at the Aso Rock Presidential Villa in Abuja. The co-founder of Microsoft is accompanied by the President of Dangote Group, Aliko Dangote. The visit, Blueprint learnt is part of the Gates Foundation’s commitment to working closely with communities and leaders to support innovation.
The Chairman of the Dangote Group, Aliko Dangote, and Bill Gates, an American business mogul, have paid a visit to President Bola Tinubu at the Aso Rock Presidential Villa in Abuja. This visit was a reflection of the Gates Foundation’s dedication to collaborating with communities and leaders to foster innovation and provide support. This was disclosed in a video shared Read More
Nigerian billionaire businessman Aliko Dangote has dropped as Africa’s richest man. Forbes Magazine in its new report, revealed South African Johann Rupert as the new Africa’s richest man. Rupert’s net worth is currently $12 billion according to Forbes Real-time Global Billionaires Ranking, while Dangote trails behind him with a net worth of $10.8 billion as of Friday June 16. Dangote’s Read More
Africa’s richest man, Aliko Dangote, on Friday paid a visit to President Bola Tinubu. He visited the president at the presidential villa in Abuja. Dangote’s visit comes days after the Central Bank of Nigeria (CBN) announced immediate changes to operations in the Nigerian Foreign Exchange (FX) market.
NTN Nigeria, Dangote Cement and Zenith Bank are among Nigeria’s five most profitable companies in Nigeria, demonstrating resilience and achieving impressive financial results in 2022 despite economic challenges. MTN Nigeria emerged as the most profitable company with significant revenue growth and increased dividends to shareholders. According to its audited 2022 financial report, the telecom giant recorded a profit before tax Read More
For the sixth consecutive year, the Dangote brand has been adjudged as the Most Admired African Brand among top 100 brands in the continent. Dangote, as the most Admired African when respondents are prompted to recall an African brand specifically was followed by the Telecommunication outfit, MTN in the second position and the Digital Satellite Television (DSTV) coming third, both Read More
Chairman of Dangote Group, Aliko Dangote, Femi Otedola, Jim Ovia and two other top Nigerian businessmen earned N506 billion as dividend in 2022, Blueprint Newspaper has gathered. A cursory analysis of the financial statements of listed companies on the Nigerian Exchange reveals that about 60 companies have so far declared dividends worth over N1.5 trillion for the 2022 financial year. Read More
To start with, few days to the end of President Olusegun Obasanjo administration in 2007 he privatised 51% stakes of our moribund Kaduna and Port Harcourt refineries to a business consortium led by Alhaji Aliko Dangote with the aim of resuscitating them by the consortium for local refining, but soon after late President Yar’adua took over power he revoked the Read More
In an epoch-making event that will positively transform Nigeria’s oil and gas sectoral landscape, President Muhammadu Buhari will Monday (today) commission Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-Lekki, Lagos, alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad. Promoted by Africa’s richest man, Aliko Dangote, the petroleum refinery with a capacity to process Read More
FMDQ Exchange, has approved the quotation of the Dangote Cement Plc N44.00 billion Series 4 and N46.00 billion Series 5 Commercial Papers (“CPs”) under its N150.00 billion CP Programme on its platform. Dangote Cement Plc is one of Africa’s largest cement producers, with a production capacity of 51.6 million tonnes per year across ten (10) countries. The proceeds from the Read More
African richest man, Aliko Dangote, is reportedly close to sealing a deal to purchase a French team, Valenciennes FC. The 86th richest man in the world, who alone controls up to 25% of all African billionaires’ fortune, would reportedly conclude a transaction of 10 million euros to acquire the French Ligue 2 team. The French media outlet, Entreprendre, claimed that Read More
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