The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the Dangote Group has paid back 70 percent of the loans it took to construct an oil refinery. Emefiele spoke at the commissioning of the 650,000 barrels per day (bpd) Dangote Refinery in Lagos on Monday. The CBN boss said the refinery was initially […]
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For the 11th year in a row, the President/CEO of Dangote Industries Limited, Aliko Dangote, has topped the 2022 list of Africa’s richest persons, Forbes magazine said in a report. Dangote’s wealth jumped from $12.1 billion last year to an estimated $13.9 billion. Forbes attributed the growth to a 30% increase in the stock price […]
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Dangote Group has invested over N63bn in the South East with the purchase of over 3,500 units of locally assembled Shacman trucks at the production plant of Anambra Motor Manufacturing Company (ANAMMCO), Enugu. The order was delivered over a period of five years after Dangote Group signed an agreement with Transit Support Services (TSS), a […]
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The Federal Government of Nigeria on Sunday commended the Dangote Group for its proposed plan to expand its domestic revenue generation drive from four billion dollars to 30 billion dollars annually from 2021 to boost the nation’s economy. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, gave the commendation during an inspection […]
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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. 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 […]
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Dangote Group of Companies has established a $100 million truck assembly plant in Lagos as part of its efforts to boost foreign exchange and job creation. The group said in a statement on Sunday in Lagos that the plant was floated by the group in partnership with National Heavy Duty Truck Group Company Limited, (SINOTRUK), […]
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