Monday, April 22, 2019

Tag "aliko dangote"

    Report: Dangote to raise $1bn on London Stock Exchange

Report: Dangote to raise $1bn on London Stock Exchange

Plans are underway for Dangote Cement Plc to raise $1 billion from a share sale on the London Stock Exchange, a report by Bloomberg has claimed.Bloomberg reports that the company, which is owned by Aliko Dangote, has approached investment banks to discuss a possible listing."The Nigerian company, controlled by Aliko Dangote, has approached investment bankers to discuss a potential UK [...]

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    Dangote: We’ll surprise Nigerians by delivering Apapa road before schedule

Dangote: We’ll surprise Nigerians by delivering Apapa road before schedule

Aliko Dangote, president of the Dangote Group, says the Apapa Wharf road being constructed by his company will be completed in a few months time and "Nigerians would be surprised to see the project delivered even before scheduled".According to a statement signed by Francis Awowole-Browne, a media relations officer with the company, Dangote made this assurance when he visited the [...]

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    NSE continues impressive run, hits all-time high of N16trn

NSE continues impressive run, hits all-time high of N16trn

Market capitalisation on the Nigerian Stock Exchange crossed N16 trillion at the close of trading on Wednesday, the first time the market would hit such.Also, the All-Share Index rose by 830.52 points or 1.89 percent to close at 44,885.24 compared with 44,054.72 achieved on Tuesday.Mobil Oil led the gainers’ table with N16.50 to close at N216 per share. Dangote Cement came [...]

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    Dangote’s net worth rises to N4.3trn  — more than half of 2017 budget

Dangote’s net worth rises to N4.3trn — more than half of 2017 budget

Aliko Dangote, Nigerian entrepreneur, is now worth N4.3 trillion naira, a recent Forbes ranking has shown.Nigeria's 2017 budget was N7.298 trillion and Dangote's new net worth is more than half of it.His net worth, which is put at $12.2 billion, is five times the 2017 budget of Lagos state, which was N813 billion.According to Forbes, Dangote's wealth grew by $100 [...]

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    NEMA’s impactful outing in the northeast

NEMA’s impactful outing in the northeast

 BY ADBULKAREEM ABDUL-SAMADThe National Emergency Management Agency, (NEMA) is in the news again. This time around for the good of humanity. I am one of those that have long questioned the heavy presence of foreign non-governmental organization supposedly providing humanitarian services in North East Nigeria. I was of the opinion that Nigeria could indeed take care of its humanitarian needs [...]

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    Dangote is only African among Bloomberg’s 50 most influential people

Dangote is only African among Bloomberg’s 50 most influential people

Aliko Dangote, Africa’s richest person, has been honored for his contribution to increasing local food production and lessen food imports in Nigeria.Dangote was among the 50 most influential names honored by Bloomberg for their contribution to humanity at Bloomberg’s annual gala dinner in New York.According to Bloomberg, Dangote has been honoured for “his outstanding commitment of over 4 billion dollars [...]

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    Greatest discovery to make in life

Greatest discovery to make in life

The longest distance ever travelled by man is said to have been done at a spot. According to Bishop TD Jakes, a gifted preacher, author and filmmaker, it was done when the prodigal son came to the realization of who he really was – a son of a rich and noble man; and not a wretched, broke and busted man [...]

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    Dangote’s refinery should meet local needs, says Kachikwu

Dangote’s refinery should meet local needs, says Kachikwu

Ibe Kachikwu, minister of state for petroleum, says the 650,000 barrels per day capacity refinery being constructed by Aliko Dangote, "should be enough to meet local needs".Kachikwu made this statement while speaking at the ongoing 24th Africa Oil Week in Cape Town, South Africa."That should be enough to meet local needs," he said adding that the country is close to [...]

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    Dangote reveals secret of business success

Dangote reveals secret of business success

Aliko Dangote, Africa’s richest man, has revealed the secret of his business success: self-sufficiency and backward integration, a manufacturing strategy that extracts value from entire processes.“We are not going to import anything any longer,” Dangote said, in the presence of Vice-President Yemi Osinbajo, Congolese presidential hopeful Moise Katumbi, and about 300 business leaders.He made the disclosure at the Financial Times’ [...]

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    PHOTOS: Dangote hosts CAF president

PHOTOS: Dangote hosts CAF president

Aliko Dangote, Africa's richest man, hosted Ahmad Ahmad, president of the Confederation African Football (CAF), in  his Lagos office on Monday.Constant Omari, the body's 2nd vice-president,  accompanied Ahmad during the visit.Below are some pictures:   [...]

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    We should pray that oil prices remain low, says Dangote

We should pray that oil prices remain low, says Dangote

Aliko Dangote, Africa's richest man, wants Africans to pray for oil prices to remain low.The billionaire businessman, who is building a petroleum refinery with a production capacity of 650,000 barrels per day, said this on a panel in New York, on Wednesday.He said the crash in oil prices was the only way to wean Africans off dependency on petroleum revenues."We should pray [...]

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    Dangote to invest $4.6bn in agriculture in five years

Dangote to invest $4.6bn in agriculture in five years

Dangote Group of Companies says it will invest $4.6 billion in agriculture and $800 million in the beef and dairy industry in the next five years.Aliko Dangote, chairman of the group, made this known at a three-day conference on Transformation of Nigerian Livestock Industry in Abuja.NAN reports that Dangote, who was represented by Mansur Ahmed, executive director, stakeholder management and [...]

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    Dangote: My passion is business… stop tipping me for 2019 presidency

Dangote: My passion is business… stop tipping me for 2019 presidency

Aliko Dangote, Africa’s richest man, has denied reports he will run for the presidency on the platform of the Peoples Democratic Party (PDP) in 2019.Dangote made the denial in an interview with Daily Times.He was reacting to a report that officials of PDP think-tank programme set up by former President Goodluck Jonathan have contacted him to be the party’s candidate [...]

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    WHEN BIG IS BAD: 5,000 farmers not enough to supply tomato to Dangote’s factory

WHEN BIG IS BAD: 5,000 farmers not enough to supply tomato to Dangote’s factory

Farm produce from 5,000 farmers is not enough to supply the $20 million tomato processing plant owned by Aliko Dangote, Africa's richest man.According to Reuters, the tomato plant,  which has been shut for more than 18 months, hopes to restart work in January, at just half of its capacity of 1,200 tonnes a day.Dangote launched the company in March 2016, [...]

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    Dangote’s $450m Niger sugar plantation will be longer than Lagos-Ibadan expressway

Dangote’s $450m Niger sugar plantation will be longer than Lagos-Ibadan expressway

Dangote Group has signed a $450 million Memorandum of Understanding (MoU) with Niger State government to develop an integrated sugar industry in Lavun, with a sugar plantation sized to be longer than Lagos to Ibadan expressway.Details of the project made available to the NAN indicates that it would involve the development of a sugar cane plantation of about 16,000 hectares [...]

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    Backing refinery with his life, has no home outside Nigeria — 10 things we learnt from Dangote’s Bloomberg interview

Backing refinery with his life, has no home outside Nigeria — 10 things we learnt from Dangote’s Bloomberg interview

Aliko Dangote, Nigerian businessman and richest man in Africa, says his refinery which is under construction will be completed in the last quarter of 2017.In a recent interview with Bloomberg, the chief executive officer of Dangote Group shared his business ideals and the next step for his business empire.Here are 10 key topics he touched on.REFINERY IN 2017Dangote says his [...]

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Exchange Rates

April 22, 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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