Thursday, September 20, 2018

Tag "Dangote"

    Dangote: Smuggling through Benin Republic is crippling our economy

Dangote: Smuggling through Benin Republic is crippling our economy

Aliko Dangote, president of Dangote Group, has asked the federal government to take drastic action against Benin Republic over smuggling of products from its country into Nigeria.Dangote said this on Friday while responding to questions from journalists at the end of the industrial policy and competiveness advisory council meeting presided over by Vice-President Yemi Osinbajo, at the presidential villa, Abuja.Dangote said [...]

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    Forbes ranks Dangote 66th most powerful person on earth

Forbes ranks Dangote 66th most powerful person on earth

Aliko Dangote, president of Dangote Group, has been ranked by Forbes as the 66th most powerful person on earth, ahead of Mike Pence, US Vice-President.In the American business magazine's 75-person list, Dangote clinched the second position in Africa, trailing President Abdel Fattah el-Sisi of Egypt, who was ranked 45th.Both men are the only Africans on the list. Dangote is up [...]

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    UBA honours outstanding staff at 10th CEO awards

UBA honours outstanding staff at 10th CEO awards

Aliko Dangote, president of the Dangote Group, and Tony Elumelu, chairman, Heirs Holdings, were among the notable persons present at the United Bank for Africa (UBA) CEO awards.The event which took place on Saturday at the EKO Hotels and Suites, Lagos, is the 10th of its kind since inception in 2008.Elumelu, UBA chairman, said the aim of the event is [...]

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    Ben Bruce: When I first met Dangote, he was the richest man in Apapa

Ben Bruce: When I first met Dangote, he was the richest man in Apapa

Ben Murray-Bruce, senator representing Bayelsa-east, says he first met Aliko Dangote, billionaire businessman in 1981 when he was the richest man in Apapa, Lagos.In a tweet on Thursday, the lawmaker said in less than three decades, the president of Dangote Group grew from being the richest man in Apapa to becoming Africa’s richest man.Challenging the younger people, Bruce said despite the [...]

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    Dangote to inject $41m into Liberia’s cement industry

Dangote to inject $41m into Liberia’s cement industry

Dangote Group has secured approval from Liberian authorities to invest $41 million into the nation’s cement industry.The approval followed a unanimous passage of a document on investment incentive agreement (IIA) between Liberia’s senate and Dangote Cement Liberia Limited."The senate joint committee is of the opinion that the Dangote Cement Liberia Limited is able to perform in good faith the terms [...]

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    Mining dispute: BUA asks Dangote to let the court decide

Mining dispute: BUA asks Dangote to let the court decide

BUA International Limited has described as ‘false and bigger lies” new claims made by Dangote Group saying it owns the Obua mining site in Okpella, Edo state.Both companies are laying claims to the ownership of the mining site.The dispute between the duo had prompted Godwin Obaseki, governor of Edo, to order the closure of the site “to prevent a breakdown [...]

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    ‘BUA’s explanations riddled with contradictory narratives’ — Dangote Group breaks silence

‘BUA’s explanations riddled with contradictory narratives’ — Dangote Group breaks silence

Dangote Industries Limited has broken its silence on the dispute involving it and BUA International Limited. Both companies have been in the news over claims to ownership of the Obua mining site in Okpella, Edo state.On Monday, Godwin Obaseki, governor of Edo, ordered the closure of the site "to prevent a break down of law and order".Obaseki had said security agencies [...]

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    Dangote to get 3-year tax relief after constructing Apapa-Oworonshoki road

Dangote to get 3-year tax relief after constructing Apapa-Oworonshoki road

The management of Dangote Group has said it will get a three-year tax holiday after constructing the 35km Apapa-Oworonshoki road.Devakumar Edwin, an executive director in the company, made this known in a statement shared with TheCable on Tuesday.Edwin said "the company has never benefited any tax waivers or credits in its entire history except when it is industry based and [...]

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    FG issues 7-day ultimatum to truck drivers blocking roads in Apapa

FG issues 7-day ultimatum to truck drivers blocking roads in Apapa

The federal government on Wednesday directed truck drivers blocking roads in Apapa to leave within seven days to enable the reconstruction work on Wharf road.The government also ordered telecommunication service providers and other operators to relocate their service cables on the right of way (RoW) of the project for work to begin.Godwin Eke, federal controller of works in Lagos, gave [...]

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    FG signs N4.34bn MoU with Dangote for rebuilding of Apapa wharf road

FG signs N4.34bn MoU with Dangote for rebuilding of Apapa wharf road

Babatunde Fashola, minister of power, works and housing, has signed a memorandum of understanding (MoU) with Dangote Group and other stakeholders for the reconstruction of Apapa wharf road in Lagos.NAN reports that by the signing of the N4.34 billion MoU, the site has been handed over to Dangote and other stakeholders to commence reconstruction of the road.Speaking at the signing of [...]

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    Dangote’s discipline earned him Forbes rating, says AbdulRasaq, ex-SEC president

Dangote’s discipline earned him Forbes rating, says AbdulRasaq, ex-SEC president

Abdul Ganiyu AbdulRasaq, former president of the Security and Exchange Commission (SEC), says the diligence, commitment and sense of discipline of Aliko Dangote, earned him the Forbes rating as Africa's richest man.In a statement issued on Sunday, AbdulRasaq hailed the business tycoon who clocks 60 on Monday.He also showered encomium on Dangote, saying his interventions in various humanitarian crises in [...]

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    Buhari: Dangote made remarkable sacrifices in ending Ebola

Buhari: Dangote made remarkable sacrifices in ending Ebola

President Muhammadu Buhari says Aliko Dangote, president of Dangote group, made remarkable sacrifices in eradicating Ebola virus disease and polio in Nigeria.Celebrating with Africa’s renowned businessman and philanthropist on the occasion of his 60th birthday, Buhari said the kind-hearted business mogul is a shining example to  many young Nigerians."President Buhari joins the business world, Dangote's friends and family in congratulating [...]

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    Adenuga trumps Trump, Alakija beats Michael Jordan as Otedola falls off Forbes rich list

Adenuga trumps Trump, Alakija beats Michael Jordan as Otedola falls off Forbes rich list

Forbes, revered financial magazine, says there are only three dollar-billionaires left in Nigeria; Aliko Dangote, Africa's richest man; Folorunsho Alakija, the world's second richest black woman, and Mike Adenuga, founder of Globacom.Via its 2017 rich list, Forbes upheld Dangote as Africa's richest man, despite losing nearly $3 billion to devaluation of the Nigerian naira.Femi Otedola of Forte Oil, and Abdulsamad [...]

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    Dangote tomato factory to resume production in February

Dangote tomato factory to resume production in February

The Dangote tomato processing factory in Kadawa, Kura local government area of Kano state, is to resume production in February.The company, which began production in February 2016, had to suspend operations due to shortage of raw materials.Abdulladir Kaita, managing director of the company, disclosed this in an interview with the NAN on Tuesday in Kano.He added that preparation for production to [...]

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    Dangote Group sacks 109 workers for ‘various offences’

Dangote Group sacks 109 workers for ‘various offences’

The Dangote Group has dismissed 109 workers at Obajana Cement Company in Kogi state, after they were found guilty of committing various infractions against the company.Abdulahi Magaji, coordinator of the company’s patrol team, announced this to reporters at the premises of the company on Tuesday.Magaji said the dismissed workers were among the 244 suspects arrested between May and November.He said they [...]

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    Dangote group pledges to help Kano, FG out of recession

Dangote group pledges to help Kano, FG out of recession

Dangote group has pledged to support the federal government and Kano state in exploring key sectors of the economy to cushion the effect of the recession among Nigerians.The group said in a statement on Monday in Abuja, that it would exploreopportunities opening up in agriculture, mining and infrastructure, through partnership with the levels of government.Halima Dangote, an executive director of [...]

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Exchange Rates

September 20, 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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