Monday, September 24, 2018

Tag "aliko dangote"

    TRIBUTE: 60 hearty cheers to Aliko Dangote, the man who made Archbishop Idahosa shed tears

TRIBUTE: 60 hearty cheers to Aliko Dangote, the man who made Archbishop Idahosa shed tears

You know Aliko Dangote as Africa's richest man for four consecutive years, and the largest employer of labour in Nigeria -- after the federal government. But, like everyone of us, all that makes the billionaire is not a single story of business and wealth.Today, Dangote is 60, and a towering giant in Nigeria's socio-political and economic landscape. As the first [...]

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    Failed power sector privatisation ‘may dog Buhari’s plan to sell oil assets’

Failed power sector privatisation ‘may dog Buhari’s plan to sell oil assets’

On March 7, 2017, President Muhammadu Buhari’s government released its much-awaited recovery plan which proposed selling off some of Nigeria's oil stake in order to raise revenue and drive efficiency.The Economic Recovery and Growth Plan (ERGP), which is expected to start in 2017 and run through 2020, aims to reduce Nigeria's stake in joint ventures with Shell, Exxon Mobil, Chevron, [...]

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    Dangote Foundation donates N200 million projects to Kano hospital

Dangote Foundation donates N200 million projects to Kano hospital

The Dangote Foundation on Saturday, presented to the management of Murtala Muhammed Specialists’ Hospital, Kano, N200 million worth of health projects it established in the hospital.According to NAN, the projects are two expanded ultra modern maternity laboratories, maternity blood bank, post maternity ward, Eclampsia ward, theatre and laboratory, as well as six other renovated wards with their facilities.Fatima Dangote, who [...]

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    Dangote to create 3,000 jobs with new truck assembly plant

Dangote to create 3,000 jobs with new truck assembly plant

Aliko Dangote, Nigerian entrepreneur, aims to create 3,000 jobs with the establishment of a truck assembly plant in Ikeja, Lagos.The plant is the result of a partnership between the Dangote group and Sinotruck, a Chinese heavy-duty truck company."The decision to go into the truck assembly plant project was informed by the need to conserve forex in view of the current economic [...]

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    Forbes rates Dangote more powerful than Trump’s VP-elect

Forbes rates Dangote more powerful than Trump’s VP-elect

Aliko Dangote, president of Dangote Group and Africa's richest man, has been rated by Forbes Magazine as more powerful than Mike Pence, the vice president-elect of the world's most powerful nation, the US.On its 74-person list of the most powerful people in a world of 7.4 billion people, Forbes rated President Vladimir Putin of Russia as the most powerful person alive.Putin [...]

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    Dangote becomes UI’s 100th honouree in 68 years, donates N250m to its Business School

Dangote becomes UI’s 100th honouree in 68 years, donates N250m to its Business School

Aliko Dangote, president of Dangote group has become the 100th person to receive a honorary doctorate degree from the University of Ibadan, Nigeria's premier university, in its 68-year existence.Speaking to Dangote's decoration, Umar Mustapha, the pro-chancellor and chairman of council, said "University of Ibadan has awarded 99 honourary degrees in its 68 years of ethe 100th goes to Aliko Dangote".Dangote, [...]

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    We won’t reverse power privatisation on any grounds, says Fashola

We won’t reverse power privatisation on any grounds, says Fashola

Babatunde Fashola, minister of power, works and housing, says the ministry of power, under his leadership will not cancel power privatisation on any grounds.Aliko Dangote, president of Dangote Group, had asked that the power privatisation process be revisited and reversed into the "right hands".“We should be as open as we can if government doesn’t  intervene by taking back these assets [...]

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    OPEC eyes Dangote refinery to drive capacity in Africa by 2020

OPEC eyes Dangote refinery to drive capacity in Africa by 2020

The Organisation of Petroleum Exporting Countries (OPEC) is looking at Dangote refinery, being set up by Aliko Dangote, Africa's richest man, to drive refining capacity expansion in Africa, by 2020.The refinery, which OPEC considers the first privately owned and operated refinery in Nigeria, is expected to refine as much as 650,000 barrels of crude oil per day.According to the 10th [...]

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    Dangote asks FG to reverse privatisation of power

Dangote asks FG to reverse privatisation of power

Aliko Dangote, president of Dangote group, has advised the federal government to take back the assets it sold earlier and give it to people who "really have money" to manage them.According to Daily Trust, Dangote said this in Plateau state during the senior executive session of course 38 at the National Institute of Policy and Strategic Studies (NIPSS), Kuru.The billionaire [...]

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    Dangote: Even if FG wants to sell NLNG on credit, I am not interested

Dangote: Even if FG wants to sell NLNG on credit, I am not interested

Aliko Dangote, president of of Dangote Group, says if the federal government offers to sell the Nigeria Liquefied Natural Gas (NLNG) to him on credit, he is not interested.Reacting to the criticisms that have trailed his advocacy for the sale of national assets, Dangote told THISDAY that his proposal was borne out of the desire to see Nigeria get out [...]

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    American institute names Dangote African Business Leader of the Year

American institute names Dangote African Business Leader of the Year

The Africa-America Institute (AAI) has honoured Aliko Dangote, president of Dangote group, with the 2016 African business leader award.The US-based international organisation gave Dangote the award in recognition of his contribution to human capital development in Africa through the establishment of businesses across the African continent.The business mogul received the award at a ceremony held on the sidelines of the [...]

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    ‘It’s illegal’… Falana opposes Saraki, Sanusi, Dangote on sale of national assets

‘It’s illegal’… Falana opposes Saraki, Sanusi, Dangote on sale of national assets

Femi Falana, human rights lawyer, says recent interest in the country's assets to pull out of economic recession is merely an attempt to concentrate the nation's wealth in the hands of a few people.The talk of selling national assets to move out of recession was one of the more dominant news items of last week, after the likes of Bukola Saraki, president of the senate, Aliko [...]

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    Exporters ask FG to seek loan from wealthy Nigerians

Exporters ask FG to seek loan from wealthy Nigerians

Joseph Idiong, director-general of the Association of Nigerian Exporters, has advised the federal government to request Nigerians with oil blocks for single digit interest loans to address the current recession in the country.Idiong gave the advice in an interview with NAN in Abuja on Wednesday.“The privileged few who were favoured with petroleum blocks, crude oil sales and petroleum subsidy licences [...]

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    Dangote: Despite my influence, I need 38 visas to move around Africa

Dangote: Despite my influence, I need 38 visas to move around Africa

Aliko Dangote, billionaire businessman, has advised African leaders to give incentives to investors and make intra-Africa travel easy.He said this while revealing that despite the size of his group and his investments on the continent, he needs 38 visas to travel across Africa.The richest African said adequate steps must be taken to address the issue in order for the continent to have [...]

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    Dangote to FG: Sell NLNG, beef up reserves, and see if we won’t be out of recession by Dec

Dangote to FG: Sell NLNG, beef up reserves, and see if we won’t be out of recession by Dec

Aliko Dangote has prescribed ways through which Nigeria can get out of recession before the end of 2016.In an interview with CNBC Africa, the billionaire said: “The only way for us to get out of this recession is to make sure we move into action quickly; action by diversifying the economy quickly.Here  are the details of Dangote's prescription:SELL STAKE IN [...]

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    EXTRA: Dangote turns ‘teacher’ at Lagos Business School

EXTRA: Dangote turns ‘teacher’ at Lagos Business School

In an interesting turn of events, Aliko Dangote, Africa’s richest man, is teaching business and agriculture at Lagos Business School, Pan-Atlantic University, Lagos.The 59-year-old billionaire was seen teaching the Owner Managers Programme (OMP) of the Africa’s leading business school.Sharing his success story with the team of managers, Dangote advised that businesses should not be done totally on foreign exchange.https://twitter.com/DangoteGroup/status/761122156256202752Dangote, who [...]

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Exchange Rates

September 21, 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.
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