Mr Babajide Soyode, the Technical Consultant to Alhaji Aliko Dangote, said Dangote Refinery, which is currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct and 145,000 indirect jobs. It will at the same time crash prices of petroleum products. He said that the refinery would lower the prices of petroleum […]
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Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines in Ikorodu and Calabar, to rival pasta maker De United Foods Industries, maker of Indomie Noodles. The transaction is valued at 3.75 billion naira ($12.26 million). De United said it has signed an agreement with Dangote Noodles to buy […]
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Dangote Group has signed a $450 million Memorandum of Understanding (MoU) with Niger State government to develop an integrated sugar industry in Lavun, with a sugar plantation sized to be longer than Lagos to Ibadan expressway. Details of the project made available to the NAN indicates that it would involve the development of a sugar […]
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Ibe Kachikwu, minister of state for petroleum resources, has urged Aliko Dangote, president of Dangote group, to make sure he completes his refinery before December 2019. He made the call when he visited the Dangote oil refinery site at Lekki free trade zone, Lagos state, on Monday. Kachikwu said there would be more chances of […]
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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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The Federal Road Safety Commission, FRSC, Zamfara State Command, has confirmed 15 persons dead in a ghastly accident which occurred along Gusau-Tsafe road in the early hours of Sunday. The sector commander, Amos Thilizer, told the News Agency of Nigeria that the accident was caused by a Dangote cement trailer driver, who lost control and […]
Continue ReadingLagos State Governor, Akinwunmi Ambode, on Tuesday, said the Dangote Refinery being developed at the Lekki Free Trade Zone (LFTZ) by Africa’s richest man and business mogul, Alhaji Aliko Dangote, will surely resolve fuel supply challenge in the West African region. He said the refinery being sited in Lagos was another confirmation that Lagos is […]
Continue ReadingThe Federal Road Safety Commission (FRSC), has set March 31 as the deadline for the removal of all abandoned vehicles across the country. Mr Boboye Oyeyemi, Corps Marshal of the commission gave the deadline in Abuja Abuja on Thursday, adding that the vehicles constituted security threat to the society. He made this declaration during an […]
Continue ReadingA photograph has emerged online, corroborating the story that Africa’s richest man, Aliko Dangote is the one behind the quick reconciliation of Olamide and Don Jazzy, following a rift which occurred between the two of them at the 10th Headies awards on January 1, 2016. The early resolution of the beef on Sunday, January 3, 2016 […]
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Africa’s richest man, Aliko Dangote, on Monday, lost N140 billion following intense pressure of global markets as a result of ripples from the Chinese economic crisis. Dangote alongside 197 top billionaires have had their fortunes tumbled over the past few days. Dangote lost $708.6 million (N140 billion) as Chinese stocks sank lower after a rout […]
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