Saturday, November 17, 2018

Tag "aliko dangote"

    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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    Dangote announces profits, expands to Senegal

Dangote announces profits, expands to Senegal

Dangote Cement Plc on Thursday announced a profit-after-tax of N159.5 billion for the year ended December 31, 2014.Analysis shows that its profit after tax fell by about 20 percent compared with N201.2 billion posted in 2013, while gross profit also fell by N7.1 billion to N248.6 billion, compared with N255.7 billion in 2013.However, its revenue at the end of 2014 [...]

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    Dangote loses $10.3bn in latest Forbes ranking

Dangote loses $10.3bn in latest Forbes ranking

The 2015 forbes list of billionaires has revealed that Aliko Dangote, Africa’s richest man, has lost a net worth $10.3 billion from his net worth in 2014.Despite the slide, the Nigerian business mogul, whose fortune drop to $14.7 billion from $25 billion was propelled downward by a weaker Nigerian currency and reduction in demand for cement, retained his spot as [...]

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    Construction work begins on Dangote’s ‘single largest oil refinery in the world’

Construction work begins on Dangote’s ‘single largest oil refinery in the world’

Dangote Group, a conglomerate reputed as the single largest private sector employer of labour in Nigeria, is set to build the single largest refinery in the World.Owned by Aliko Dangote, Forbes-acclaimed richest man in Africa, the group says plans are already afoot to transform Nigeria into a self sufficient country."After receiving a private licence to build a refinery, Dangote has [...]

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    Despite losing $7.8bn, Dangote makes case for local investment

Despite losing $7.8bn, Dangote makes case for local investment

Aliko Dangote, Africa’s richest man and the president of Dangote group, has urged Nigerians not to be deterred by the economic challenges of the moment, but to help the country in building its economy.Dangote, who described Nigeria as an enviable country in terms of resources, said the present economic challenge is just a phase in Nigeria’s journey to greatness.“I have always [...]

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    Dangote boosts Ebola fight with N150m

Dangote boosts Ebola fight with N150m

President of Dangote group, Aliko Dangote, has donated N150m to the fight against Ebola Virus Disease (EVD) in the country, chief executive officer of Dangote Foundation, Mrs Adhiambo Odaga, announced on Monday.At a media briefing at the ministry of health in Abuja, Odaga disclosed that the funds would be available for the establishment of an Ebola emergency operation centre in Lagos.“After [...]

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    ‘900 schools burnt, 176 teachers killed in Borno’

‘900 schools burnt, 176 teachers killed in Borno’

Nine hundred schools and 176 teachers have been killed since the onslaught of Boko Haram in Borno State in 2011, Governor Kashim Shettima has said.The governor disclosed this at the inaugural meeting of the steering committee on safe schools initiative with the coordinating minister for the economy and minister of finance, Dr Ngozi Okonjo-Iweala, secretary to the state government of Adamawa, Prof [...]

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    Dangote aiming to stop Boko Haram with jobs

Dangote aiming to stop Boko Haram with jobs

Chairman of Dangote Group of Companies and Africa's richest man, Aliko Dangote, believes  the high rate of unemployment is a major cause of the country's terrorism challenge.Speaking in Abuja on Thursday at the ongoing World Economic Forum on Africa (WEFA), Dangote noted that there are numerous business opportunities in the country, and he intends to maximise them to counter terrorism."If the environment is not [...]

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    Kenya awards 7 oil blocks to Nigerian businessmen

Kenya awards 7 oil blocks to Nigerian businessmen

Nigerian businessmen have been awarded seven oil blocs for exploration from the 46 newly discovered oil blocks in Kenya, Dr Kiprono Kittony, the Chairman of the Nigeria-Kenya Chamber of Commerce has said.The chairman made the disclosure in Abuja on Monday at a meeting with prominent business men from both countries.The meeting was part of activities lined up for the state [...]

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    Jonathan: Private jets show Nigeria is not poor

Jonathan: Private jets show Nigeria is not poor

 President Goodluck Jonathan has faulted the World Bank report which placed Nigeria among the five poorest countries in the world, saying "the nation is not poor"."If you talk about ownership of private jets, Nigeria will be among the first 10 countries, yet they are saying that Nigeria is among the five poorest countries," he said.Addressing workers at the May Day [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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