dangote
We lost billions of naira worth of investment in Nigeria’s textile industry – dangote
Africa’s richest man, Aliko Dangote, has shared a sobering tale about his company’s venture into Nigeria’s textile industry during the 1960s. At the 2024 Manufacturers Association of Nigeria (MAN) summit in Abuja, Dangote recounted how his company invested heavily … Continue Reading
Reps Investigate Exploitative Practices By Foreign Businesses Against Air Peace, Dangote
House of Representatives Urges FCCPC to Halt Unfair Business Practices
The House of Representatives has mandated the Federal Competition and Consumer Protection Commission (FCCPC) to immediately stop the exploitative practices perpetrated by foreign businesses against Air Peace, Dangote… Continue Reading
If we knew what we were getting into, we wouldn’t have tried – Dangote
Aliko Dangote, Africa’s richest man and founder of Dangote Industries Limited, has opened up about the daunting task of building the world’s largest refinery in Nigeria. The refinery, which has a capacity to process 650,000 barrels of crude oil … Continue Reading
Dangote Slams Naira Floatation, Calls it “Biggest Mess” for Businesses
Aliko Dangote, Chairman of Dangote Industries Limited, has strongly criticized the decision by President Bola Tinubu’s administration to float the naira, calling it the “biggest mess” for his company and other business owners in 2023.
Speaking at the Annual … Continue Reading
Dangote, Otedola Lead Nigerian Representation on Forbes 2024 Billionaires List Amid Global Growth
In its latest release, Forbes unveiled the 2024 billionaires list, showcasing a surge in wealth despite prevailing challenges such as inflation and political unrest.
The data highlighted a record-breaking 2,781 billionaires worldwide, marking an increase of 141 individuals compared to … Continue Reading
Dangote Oil Refinery Commences Product Lifting, Marks Milestone for Nigeria’s Energy Sector
Petroleum product marketers have initiated the lifting of products from the Dangote oil refinery. The refinery, hailed as Africa’s largest, is situated in Lagos and represents a monumental investment by Africa’s wealthiest individual, Aliko Dangote. After enduring several years … Continue Reading
Cement: Tinubu Orders Dangote, BUA, Lafarge To Revert To Old Price
President Bola Ahmed Tinubu has directed cement manufacturing companies to revert to the old prices it sold before it was hiked following the depreciation of naira against the US dollar.
Minister of Works, David Umahi, informed newsmen of the president’s … Continue Reading
President Tinubu Meets with elumelu, dangote and others to Address Cost of Living Crisis
President Bola Tinubu convened a crucial meeting with prominent private sector figures on Sunday at the Presidential Villa in Abuja.
The gathering aimed to address the pressing issue of the cost of living crisis gripping the nation. Among the attendees … Continue Reading
Dangote Cement Soars: Breaks Records as First Nigerian Company to Hit N10 Trillion Market Cap Milestone
Dangote Cement Plc achieved a historic milestone by gaining 9.99% in shares, closing at N592.60 and attaining a market cap of N10.095 trillion.
In 2024, the company’s exceptional performance includes a 85.2% year-to-date return, moving from N319.9 to N592.6. Notably, … Continue Reading
Dangote Group Officials Summoned to Abuja by EFCC for Alleged Forex Irregularities
The Economic and Financial Crimes Commission (EFCC) has taken action against Dangote Group officials, summoning them to Abuja for an inquiry into alleged forex crimes spanning nine years.
The investigation revolves around suspected forex allocation abuse during the tenure of … Continue Reading