Dangote
Reps To Summon Dangote, BUA, Others Over Rising Cement Prices
The House of Representatives has mandated its Committees on Solid Minerals Development, Commerce, Industry and Special Duties to investigate the arbitrary increase in the price of cement by manufacturers in the country like Dangote Cement and BUA Cement. This followed a motion by a lawmaker, Jonathan Gaza. A 50kg bag of cement is currently sold […]
Full list: Forbes 2024 top 20 African billionaires
Below is the list of the top 20 richest billionaires in Africa 1. Aliko Dangote – $13.9 billion2. Johann Rupert & family – $10.1 billion3. Nicky Oppenheimer & family – $9.4 billion4. Nassef Sawiris – $8.7 billion5. Mike Adenuga – $6.9 billion6. Abdulsamad Rabiu – $5.9 billion7. Naguib Sawiris -$3.8 billion8. Mohammed Mansour – $3.2 […]
Dangote regains first place as Africa’s richest man in Forbes billionaire list
President of Dangote Group, Aliko Dangote has regained his position as the richest person in Africa with a net worth of $13.9bn, in the 2024 Forbes list of 20 of Africa’s richest billionaires released yesterday. A South African business mogul, Johann Rupert had displaced Dangote to the second position according to an earlier Forbes record. […]
Dangote refinery registers 75% of oil marketers for product distribution
Dangote Refinery has officially registered three major oil marketers accounting for approximately 75% of the overall market, to handle the distribution of its refined products. The Dangote Group, in a statement on Tuesday, disclosed the marketers include the Petroleum Products Marketers Association of Nigeria (DAPPMAN), the Major Oil Marketers Association (MOMAN) Nigeria, and the Independent […]
Marketers will pay naira for Dangote fuel, says IPMAN
Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators […]
JUST IN: Otedola explains why he is buying Dangote Cement shares
Nigeria’s billionaire investor Femi Otedola has issued an official statement giving reasons for his recent acquisition of shares in Dangote Cement, one of Nigeria’s largest companies. In a press release seen by Nairametrics, the prominent entrepreneur and investor emphasized the strategic nature of his investment in Dangote Cement. See excerpts of the press release below […]
Dangote Refinery commences production
The Dangote Petroleum Refinery has finally commenced production. The largest single-train refinery in the world began production in the early hours of Friday, a source told TheCable. The development comes days after the refinery received its sixth one million barrels of crude cargo required for the commencement of operations. Five shipments of crude had been […]
Otedola rejoins billionaires list, now Nigeria’s fourth richest person
The number of Nigerian billionaires on the Forbes list has increased to four after the wealth-tracker included Femi Otedola, the chairman of Geregu Power. According to the Forbes Billionaire Index sighted on Thursday, Otedola, who fell below the billion-dollar mark in 2017, occupied the fourth position behind AbdulSamad Rabiu, Mike Adenuga and Aliko Dangote. As […]
Dangote Opens Up On Forex Allocations, Says EFCC’s Visit Embarrassing
Dangote Industries Limited has opened up on the last week visit by officials of the Economic and Financial Crimes Commission (EFCC) to its headquarters in Lagos, describing it as embarrassing. While pledging it was ready to assist the Commission in its investigations, the indigenous conglomerate in a statement disclosed that it received a letter from […]
Just In: EFCC operatives conduct search at Dangote head office
Operatives of the Economic and Financial Crimes Commission (EFCC) are currently at the Lagos head office of the Dangote Group, according to TheCable. They are conducting a search on forex allocations to the company during the tenure of Godwin Emefiele as governor of the Central Bank of Nigeria (CBN). Dele Oyewale, the EFCC spokesman, declined […]