Saturday, July 20, 2019

Tag "aliko dangote"

    Don Jazzy: Kanye West and Wiz Khalifa want Bill Gates to settle their rift

Don Jazzy: Kanye West and Wiz Khalifa want Bill Gates to settle their rift

Micheal Ajereh Collins, a Nigerian record producer and CEO of Mavin Records referred to as Don Jazzy, has made his input to the disagreement between American rappers Kanye West and Wiz Khalifa.Kanye West and Wiz Khalifa exchanged words on their respective Twitter pages over the comment of the latter about the former’s new album.Kanye West has since apologized and deleted his [...]

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    Bill Gates, Dangote meet northern govs on immunisation

Bill Gates, Dangote meet northern govs on immunisation

Bill Gates, world richest man and Aliko Dangote, Nigeria's richest man, met Aminu Tambuwal, Nasir el-Rufai and four other northern governors in Kaduna on Wednesday, to promote immunisation in Nigeria.Gates, who was instrumental to Nigeria's removal from the list of polio endemic countries, is currently in the country to sign a Memorandum of Understanding (MOU) with the governors.Also present at [...]

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    REVEALED: Aliko Dangote and 61 other people who are richer than half of the world

REVEALED: Aliko Dangote and 61 other people who are richer than half of the world

Aliko Dangote, the president of Dangote group and 61 other billionaires are richer than over 3.5 billion people around the world.In a report recently released by Oxfam, an international confederation against poverty, ahead of the world economic forum in Davos, Switzerland, it was also revealed that the richest 75 million people are richer than the rest of the world.The organisation, [...]

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    Dangote: No more importation of petrol once my refinery is ready

Dangote: No more importation of petrol once my refinery is ready

Aliko Dangote, president of Dangote Group, has assured Nigerians that when his refinery is ready, the country would no longer need to import petroleum products.Speaking at the site of his refinery in Lekki, Dangote said his refinery would put an end to fertiliser importation in Nigeria, transforming the country into a net exporter of refined crude and fertilizer.“Today, Nigeria imports [...]

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    PMB picks Danjuma, Dangote to resettle IDPs

PMB picks Danjuma, Dangote to resettle IDPs

Theophilus Danjuma, former minister of defence, and Aliko Dangote, Africa's richest man, will lead the presidential  committee to rehabilitate infrastructure and resettle internally displaced persons (IDPs) in the north-east. According to Garba Shehu, presidential spokesman, the committee would be inaugurated soon. Speaking on Friday at the state house, Abuja, in response to a goodwill message delivered to him by Women In Politics Forum [...]

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    Forbes names Alakija, Kalu, Otedola, Danjuma among 50 richest Africans

Forbes names Alakija, Kalu, Otedola, Danjuma among 50 richest Africans

Folorunsho Alakija, Nigerian oil tycoon and businesswoman; Orji Uzor Kalu, publisher of the Sun newspapers and eight other Nigerians have been named by Forbes Magazine among Africa’s 50 richest.Aliko Dangote, president of Dangote group, maintained his position as Africa’s richest man, despite losing about N1tr in one year.“Aliko Dangote of Nigeria retains his spot as number one richest African for [...]

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    Dangote flour ‘plunging’ after resignations

Dangote flour ‘plunging’ after resignations

The market value of Dangote Flour mills equity plunged on Monday, following the resignation of Africa’s richest man, Aliko Dangote.On Monday, Tiger Brands of South Africa announced its decision to cease funding its Nigerian subsidiary, Dangote Flour, co-owned by Dangote.The announcement saw the market shares plunging by over 4.74 percent, with the downward movement continuing early on Tuesday.Though the volume [...]

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    Nigeria’s richest man resigns from Dangote flour

Nigeria’s richest man resigns from Dangote flour

Aliko Dangote, the richest man in Nigeria and Africa, on Monday, announced his resignation from Dangote Flour Mills (DFM) following South Africa’s Tiger Brands funding withdrawal.Dangote resigned alongside Olakunle Alake, Asue Ighodalo and Arnold Ekpe, immediately after the announcement which may mean the end of DFM.Tiger Brands, a South African consumer goods maker, revealed its decision to cease funding its Nigerian [...]

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    Dangote ‘more powerful’ than Trump

Dangote ‘more powerful’ than Trump

Aliko Dangote, president of Dangote group, has been rated to be more powerful than American billionaire and Republican Party presidential front runner, Donald Trump.The American business magazine, Forbes, rated Dangote as the 71st most powerful person on earth, while Trump came in on the list at the 72 spot.Also behind Dangote, is Margaret Chan, the director-general of the World Health [...]

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    Dangote to build cement plants in 18 African countries

Dangote to build cement plants in 18 African countries

Aliko Dangote, president of Dangote Group, has disclosed plans to build cement plants in 18 African countries, including Nepal in Asia to make the continent import-dependent free.Dangote made the announcement at the commissioning of 3.0 million metric tonne per annum (MTPA) cement plant at Mgao village in Mtwara, Tanzania.He said the entire Africa firms, which would produce more than 80MTPA [...]

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    Dangote to build cement plant in Nepal

Dangote to build cement plant in Nepal

Aliko Dangote, Africa’s richest man, has signed a deal with Chinese Sinoma International Engineering to build cement plants in 10 African countries and Nepal.Dangote, who recently commissioned his cement factory in Zambia, revealed his aspiration to produce about 100 million tonnes of cement by 2020.Speaking in Lagos at the deal signing event, he added that his tentacles would be spreading [...]

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    Dangote loses N140bn in 24 hours

Dangote loses N140bn in 24 hours

Africa’s richest man, Aliko Dangote, on Monday lost N141 billion, following intense pressure of global markets as a result of ripples from the Chinese economic crisis.Dangote joins a long list of billionaires whose fortunes have tumbled over the past few days.The president of Dangote group lost $708.6 million (140 billion) as Chinese stocks sank lower after a rout on August [...]

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    Dangote: I want to be Africa’s biggest philanthropist

Dangote: I want to be Africa’s biggest philanthropist

Aliko Dangote, president of Dangote group, says he does not want to be known only as Africa's richest man, but also as the continent's most generous philanthropist.Speaking on Monday in Abuja at a meeting of Nigeria’s business leaders and philanthropists with Ban Ki-Moon, the United Nations (UN) secretary-general, Dangote also said Nigeria’s growth needs to be inclusive.“I set up Dangote foundation in [...]

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    US boosts Dangote refinery with $997,433

US boosts Dangote refinery with $997,433

The United States Trade and Development Agency (USTDA) has announced a grant of $997,433 as training support for the proposed refinery by the Dangote Group.The grant was announced at the signing of a memoradum of understanding (MoU) between Dangote Group and the USTDA.Dangote Group had in May declared that the proposed refinery would begin operation in the first quarter of [...]

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    Nigeria still destination of choice for investments, says Dangote

Nigeria still destination of choice for investments, says Dangote

Aliko Dangote, Africa's richest man and president of Dangote Group, has challenged private investors in Nigeria to rise to the economic challenges of the country by initiating fresh investments in manufacturing and agriculture. He said that despite the challenges, Nigeria still remains the destination of choice for investments.Addressing business executives in Lagos on the new initiatives of his pan African conglomerate, [...]

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    Dangote still hoping to buy Arsenal ‘one day’

Dangote still hoping to buy Arsenal ‘one day’

Africa’s richest man, Aliko Dangote, claims he has a “strategy” he will use to buy Arsenal Football Club at the right price "one day".Despite failing a bid to acquire a stake in the club in 2010 the Nigerian billionaire still wants to invest in the Gunners.Dangote, who is now worth over US$15billion – nearly eight times as much as [...]

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Exchange Rates

July 12, 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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