Monday, January 21, 2019

Tag "aliko dangote"

    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 [...]

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    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 [...]

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    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 [...]

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    Dangote: We pray that very soon, we’ll start having AGMs in stadiums

Dangote: We pray that very soon, we’ll start having AGMs in stadiums

Aliko Dangote, the chief executive officer of Dangote Group, says his prayer is for his company to start holding its annual general meetings in stadiums.Dangote, who turned 60 on Monday, said his group of companies will eventually create up to three million shareholders.While promising to spread prosperity to Nigerians, he said all his companies will be listed on the stock exchange, [...]

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    Akin Adesina: By 2021, Dangote will probably be the world’s largest exporter of rice

Akin Adesina: By 2021, Dangote will probably be the world’s largest exporter of rice

Akinwumi Adesina, president of the African Development Bank (AfDB), says Aliko Dangote, may become the largest exporter of rice in the world by 2021.Speaking at the Mo Ibrahim Forum in Morocco over the weekend, Adesina said Africa must focus on agriculture to drive growth and create jobs on the continent."I remember when I was minister of Agriculture in Nigeria. Aliko [...]

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    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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Exchange Rates

January 18, 2019USDGBPEUR
INTERBANK306397354
LAGOS362463411
KANO361465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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