Monday, November 12, 2018

Tag "aliko dangote"

    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’ [...]

0 comment Read Full Article
    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:   [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

1 comment Read Full Article
    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, [...]

0 comment Read Full Article
    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 [...]

1 comment Read Full Article
    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 [...]

8 comments Read Full Article
    EXTRA: I’ll fire Wenger if I buy Arsenal, says Dangote

EXTRA: I’ll fire Wenger if I buy Arsenal, says Dangote

Aliko Dangote, Nigerian businessman, says the first thing he will do if he acquires Arsenal football club is to fire Arsene Wenger, the coach.In an interview with Bloomberg, Dangote said his desire to own the club dates back to the mid-1980s.Dangote said he'd consider making an offer once the construction of his $11 billion oil refinery in Lagos is completed."The first [...]

1 comment Read Full Article
    Dangote: We want to reach 1m malnourished children by 2021

Dangote: We want to reach 1m malnourished children by 2021

Aliko Dangotee, chairman of Dangote group and Africa's richest man, says he plans to reach out to 1 million malnourished children in Nigeria by 2021.Speaking at the formal launch of the Strengthening African Processors of Fortified Foods (SAPFF) project in Lagos, Dangote said Nigeria should own and lead its own development.The billionaire, who was represented by Zouera Youssoufou, CEO Aliko Dangote [...]

0 comment Read Full Article
    Finish your refinery before 2019, FG urges Dangote

Finish your refinery before 2019, FG urges Dangote

The federal government has urged Aliko Dangote, president of Dangote group, to make sure that he achieves his target of ending fuel importation in the country by December 2019.Ibe Kachikwu, minister of state for petroleum resources, made the call when he visited the Dangote oil refinery site at Lekki free trade zone, Lagos state, on Monday.He said there would be [...]

0 comment Read Full Article
    Dangote to own 50,000 cows, produce 500m litres of milk by 2019

Dangote to own 50,000 cows, produce 500m litres of milk by 2019

Aliko Dangote, president of Dangote Group, will own 50,000 cows by 2019, and produce 500 million litres of milk per year.The group, principally owned by Africa's richest man, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production in the next three years.According to World Health Organisation (WHO) estimates, Nigeria needs about 1.5 billion [...]

0 comment Read Full Article
    Dangote: Nigeria loses N20bn daily to bad Apapa road

Dangote: Nigeria loses N20bn daily to bad Apapa road

Aliko Dangote, president of Dangote Group, says the economy loses about N20 billion daily to the state of Apapa-Wharf road.Dangote, who commended the efforts of the government concerning the rehabilitation, said the state of the road is an embarrassment to the country.He said: "The economy loses more than N20 billion daily. It affects businesses across the country. All our operations [...]

0 comment Read Full Article
    Stock Exchange Rally: Dangote makes $1.1bn in six days

Stock Exchange Rally: Dangote makes $1.1bn in six days

Aliko Dangote, Africa's richest man and president of Dangote group, has recorded a $1.1 billion increase in fortune over the last six days.The increase in Dangote's fortune is due to the rally currently being recorded at the Nigerian Stock Exchange (NSE) over the week.TheCable understands that NSE has gained N1.06 trillion in June alone, and about 30 percent of that [...]

0 comment Read Full Article
    In 24 hours, Dangote climbs by $500m, Amazon CEO adds $3.3bn

In 24 hours, Dangote climbs by $500m, Amazon CEO adds $3.3bn

Some global billionaires are seeing their wealth explode dramatically, and Nigeria's Aliko Dangote is not left behind.On Thursday, Jeff Bezos, CEO of the world's largest online retailer, Amazon, saw $3.3 billion added to his wealth, following his company's impressive performance.Dangote, Africa's richest man and president of the Dangote Group, also saw his fortune rise by $500 million (N152.5 billion) as [...]

0 comment Read Full Article
    ICYMI: Dangote and Bill Gates’ letter on improving health in Nigeria, Africa

ICYMI: Dangote and Bill Gates’ letter on improving health in Nigeria, Africa

Aliko Dangote, Africa's richest man, and Bill Gates, the highest net worth individual on earth, are committed to improving health in Nigeria and Africa.In celebration of World  Immunisation week, Dangote and Gates wrote a joint memo on what they have been doing in Africa and their  hopes for the future of health in Africa.Here's the full letter, just in case [...]

0 comment Read Full Article
Advertisement
Advertisement

 

Advertisement

Advertisement

Exchange Rates

November 9, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement