Sunday, April 21, 2019

Tag "aliko dangote"

    Billionaire bromance: Otedola pens touching tribute on Dangote’s birthday

Billionaire bromance: Otedola pens touching tribute on Dangote’s birthday

Femi Otedola, billionaire businessman, celebrated Aliko Dangote, Africa’s richest man, with a touching tribute on his 62nd birthday.On his official Instagram page on Wednesday, the business tycoon affectionately described Dangote as his “brother” and the “greatest man that has come out of Africa”.Listing his business achievements, Otedola said Dangote is a “titan that God created specially for mankind”."Happy birthday to [...]

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    Okonjo-Iweala: Like Dangote, AU passport didn’t give me visa-free entry into all African countries

Okonjo-Iweala: Like Dangote, AU passport didn’t give me visa-free entry into all African countries

Ngozi Okonjo-Iweala, former minister of finance, has backed Aliko Dangote, Africa's richest man, on the need to rectify issues with the African Union passport.Okonjo-Iweala, showing appreciation to some African countries, explained that the unifying passport did not guarantee her visa-free entry into all African countries.Speaking in Abidjan over the weekend, Dangote said he, and a few other people, have got the African [...]

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    VIDEO: Despite my African Union passport, I still need a visa to enter Angola, says Dangote

VIDEO: Despite my African Union passport, I still need a visa to enter Angola, says Dangote

Aliko Dangote, president of the Dangote Group, says he, and a few other people, have got the African Union passport, but he still was asked to get a visa before he could enter Angola.The African Union passport is supposed to be the unifying passport aimed at solving Africa's cross-border issues on the continent.The passport is a common document that is set [...]

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    EXTRA: I withdrew $10m just to look at it, says Dangote (video)

EXTRA: I withdrew $10m just to look at it, says Dangote (video)

Aliko Dangote, Africa's richest man, says he withdrew $10 million just to look at it and convince himself that he is rich.Speaking at the Mo Ibrahim governance weekend, ongoing in Abidjan, Dangote said he knew he was rich on paper, but had to convince himself that he was indeed rich.To do this, the multi-billionaire said he drove to a bank, [...]

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    Dangote speaks on elections, says there are better days ahead

Dangote speaks on elections, says there are better days ahead

Aliko Dangote, president of Dangote Group, says there are better days ahead for the business community in Nigeria, despite the elections ongoing in the country.Dangote said there is a lot happening in Nigeria, and elections did not deter his companies from investing in the country."I think from the business community, things are going to continue to grow in terms of trajectory. [...]

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    Emefiele: CBN will soon start sourcing forex from Dangote Group

Emefiele: CBN will soon start sourcing forex from Dangote Group

The Central Bank of Nigeria (CBN) says it will start sourcing foreign exchange from Dangote Group as soon as the latter's refinery and fertilizer projects begin operations.Speaking during the weekend during a tour of the construction site, Godwin Emefiele, the CBN governor, said the operations from both plants will result in huge forex earnings for the country.The fertilizer refinery is [...]

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    Tinubu, Dangote, Otedola lead APC presidential campaign

Tinubu, Dangote, Otedola lead APC presidential campaign

Aliko Dangote, Africa's richest man, Femi Otedola, billionaire businessman and Bola Tinubu, a national leader of the All Progressives Congress (APC), have been named members of the ruling party's presidential campaign council for the 2019 elections.Femi Adesina, presidential spokesman, disclosed this in a statement issued on Friday.The council made up of at least 70 individuals.It is co-chaired by Buhari and Tinubu,with Vice-President [...]

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    Aliko: By 2020, Dangote Group revenue will hit $30bn

Aliko: By 2020, Dangote Group revenue will hit $30bn

Aliko Dangote, president of Dangote Group, says the conglomerate's revenue base will hit $30 billion by 2020 -- a feat he would have considered impossible 10 years ago.Speaking at the first ever Africa Investment Forum (AIF) in Johannesburg, South Africa, the multibillionaire said five men built America and those five do not include President Donald Trump.He added that Africa could do [...]

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    Report: Dangote responsible for over 10% of Nigeria’s GDP

Report: Dangote responsible for over 10% of Nigeria’s GDP

Aliko Dangote, Africa's richest man, and his conglomerate, the Dangote Group, have been reported to be responsible for over 10 percent of Nigeria's gross domestic product (GDP).The report, published by TIME Magazine, says Aliko Dangote is currently worth $14.1 billion, but his company's investment is responsible for much more than his net worth.According to the World Bank, Nigeria's GDP stood [...]

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    From top five, NSE now among worst performers globally

From top five, NSE now among worst performers globally

The Nigerian Stock Exchange is now among some of the worst performing stocks globally.This is according to data compiled by Bloomberg.The bourse had been listed as one of the top five best-performing stocks globally at the end of 2017 by S&P Dow Jones Indices.At the end of 2017, the Nigerian Stock Exchange grew by 43%, a feat S&P Dow Jones [...]

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    UK to create 100,000 new jobs in Nigeria, Dangote to list on LSE… 7 takeaways from May’s visit

UK to create 100,000 new jobs in Nigeria, Dangote to list on LSE… 7 takeaways from May’s visit

Theresa May, the Prime Minister of the United Kingdom, departed Nigeria on Wednesday, after meeting President Muhammadu Buhari; Akinwunmi Ambode, governor of Lagos state; and business leaders in Lagos and Abuja.The Prime Minister made the visit, 30 years after Margaret Thatcher, the first female prime minister of the UK, visited the country to make deals with the former head of [...]

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    Needs a new wife, fasts once a week, Nigeria is tough… 7 things Dangote revealed in FT interview

Needs a new wife, fasts once a week, Nigeria is tough… 7 things Dangote revealed in FT interview

Aliko Dangote has revealed that at 61, he is not getting any younger, and he is willing to take on a new wife.Speaking with David Piling in a Financial Times interview, Lunch with FT, the multi-billionaire, who is Africa's richest man, revealed a soft side of himself and talked tall about his ambitions to buy Arsenal Football club after successfully [...]

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    Donate 1% of annual profit to health sector, Dangote tells private companies

Donate 1% of annual profit to health sector, Dangote tells private companies

Aliko Dangote, a Nigerian businessman, says private companies should donate one percent of their annual profit for the funding of the health sector.The head of Dangote Group made this statement while answering questions on Thursday after the expanded national economic council presided over by Vice President Yemi Osinbajo."We have had a very good meeting and one of the things that we [...]

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    PHOTOS: Govs, senators in Kano for wedding of Dangote’s daughter

PHOTOS: Govs, senators in Kano for wedding of Dangote’s daughter

The high and mighty were at the palace of Muhammadu Sanusi, emir of Kano, for the wedding of Fatima Dangote and Jamil Abubakar.While the bride is the daughter of Africa's richest man, the groom is the son of MD Abubakar, former inspector-general of police.President Muhammadu Buhari; Senate President Bukola Saraki; Yakubu Dogara, speaker of the house of representatives, led top politicians to [...]

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    Dangote to build sugar plants in six states, targets 100,000 jobs

Dangote to build sugar plants in six states, targets 100,000 jobs

Aliko Dangote, chairman of Dangote Group, says there are plans to commence the building of integrated sugar plants in six states in Nigeria.He made the announcement at a forum in Lagos to honour major distributors of Dangote Foods.He said the plants, expected to generate up to 100,000 jobs, would be built in Adamawa, Taraba, Nasarawa, Kwara, Kogi and Niger.He, however, [...]

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    Osinbajo, Omoboriowo, Dangote… meet the Nigerians who will give Buhari a chance at re-election

Osinbajo, Omoboriowo, Dangote… meet the Nigerians who will give Buhari a chance at re-election

It is no longer news that President Muhammadu Buhari will be standing for the February 2019 presidential election. And as much as many Nigerians may say the president has underperformed in the past three years, the president and his team believe another term will be an opportunity to do more.In the last two weeks, we carefully observed those members of [...]

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Exchange Rates

April 18, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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