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S/South commends Dangote, calls Tinubu to sustain support for local refineries

DailyTimesNGR DailyTimesNGR 18 September 2024 0

BY TUNDE OPALANA Leaders of the South South geopolitical zone congratulated and commended Alhaji Aliko Dangote, GCON on the successful completion of the Dangote Refinery and the rollout of Premium Motor Spirit (PMS) as well as the commencement of supply to the entire country starting from 15th

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Flood: Dangote donates N2bn, urges support to Borno

DailyTimesNGR DailyTimesNGR 14 September 2024 0

BY IDIBIA GABRIEL The Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, has announced the donation of N2 billion to assist those affected by the recent devastating flood in Maiduguri, Borno State capital. Dangote explained that while the Presidential Committee on Flood and Disaster, which he chairs, has committed 1 billion naira, the Dangote […]

News

Hardship: Host Communities Laud Dangote Group For Continuous CSR, Support To Uplift Families

DailyTimesNGR DailyTimesNGR 8 September 2024 0

Dangote Group of Companies has been commended for its unwavering commitment to corporate social responsibility and support to host communities, particularly during this period of economic hardship. Three community groups – Obajana Development and Peace Club, Benue Youth Alliance for Good Governance and Lekki Development Initiative – issued a joint press

News

Situation Room Commends Dangote Over Commencement of PMS Production

DailyTimesNGR DailyTimesNGR 3 September 2024 0

The Situation Room on Energy Sustainability, a coalition of civil society organizations, has commended the President of Dangote Group, Alhaji Aliko Dangote, on the resumption of Premium Motor Spirit (PMS) production in Nigeria for the first time in almost three decades. In a statement signed by Dr. Ikenna Nnaji, the group described the milestone achievement […]

News

Benue Youths Vow to Resist Plot to Frustrate Dangote Cement Out of State

DailyTimesNGR DailyTimesNGR 22 August 2024 0

The Benue Youth Alliance for Good Governance (BYAGG) has vowed to resist the alleged plot by the State government to frustrate Dangote Cement PLC out of the state. The group claims that Governor Hyacinth Alia’s administration plans to use multiple taxation and thugs to harass staff and frustrate the company’s operations. BYAGG president, John Yiye, […]

News

Dangote: The Monopoly We All Need

DailyTimesNGR DailyTimesNGR 17 August 2024 0

There seems to be a huge partition between Nigerian industrialist Alhaji Aliko Dangote and other Nigerian economy drivers. His visionary gait and purposefulness are fixated on recreating the essentials required to prop up the depleting economic fortune of Nigeria amidst contending voices. Since 1977, when he ventured into business, trading in agricultural commodities and

Commerce and Industry

Dangote Refinery’s Libya, Angola crude import to support growth plan

DailyTimesNGR DailyTimesNGR 25 July 2024 0

BY TEMITOPE ADEBAYO Dangote refinery is repositioning to raise production to 550,000 barrels per day (bpd) this year, equivalent to 85 per cent of capacity. The refinery is already looking towards importing crude from Libya because it needs to increase crude imports due to insufficient domestic supplies. Chief Executive of Dangote Group, Aliko Dangote said, […]

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Dangote refinery, fertiliser coy to be listed in Q1 2025

DailyTimesNGR DailyTimesNGR 15 July 2024 0

The President/Chief Executive, Dangote Industries Ltd., Alhaji Aliko Dangote, said that the Dangote Petroleum Refinery and the Fertiliser plant would be listed in the capital market by the first quarter of 2025. Dangote made this known on Sunday in Lagos at a media parley and guided tour of the refinery and fertiliser plant by media […]

Business

Dangote Refinery can resolve Nigeria’s forex issues, says S&P Global

DailyTimesNGR DailyTimesNGR 9 July 2024 0

…As Dangote confirms July start for petrol production BY MOTOLANI OSENI International financial analytics corporation S&P Global has highlighted the potential of the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company to address Nigeria’s foreign exchange (forex) challenges and stimulate significant economic development. This

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Dangote at MAN Summit: No growth will happen with 30% interest rate

DailyTimesNGR DailyTimesNGR 3 July 2024 0

Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, has criticised the latest increment of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN). At the opening session of a three-day summit Organised by the Manufacturers Association of Nigeria (MAN) at the Banquet Hall of the State House, Abuja, […]

News

Dangote Sugar strengthens working capital with N42.79bn CP issuance

Ihesiulo Grace 18 June 2024 0

BY MOTOLANI OSENI Dangote Sugar Refinery Plc has issued N42.79 billion Series 4 and 5 Commercial Paper notes to improve its working capital. The Company made this known in a statement signed by its Company Secretary/Legal Adviser, Mrs. Temitope Hassan. The statement said “the Notes, which were issued under the Company’s N150 billion Commercial Paper […]

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Dangote: We have plans to end PMS importation in June

DailyTimesNGR DailyTimesNGR 19 May 2024 0

The Chairman of the Dangote Group, Aliko Dangote, has said that with the plan the Dangote Refinery has in place, Nigeria will not need to import premium motor spirit (PMS) by next month. Dangote said that the refinery, which has already started supplying diesel and aviation fuel in Nigeria, has the capacity to meet the […]

News

Insecurity: How Dangote Cement workers were kidnapped in Edo

DailyTimesNGR DailyTimesNGR 15 May 2024 0

By Titus Akhigbe No fewer than 15 workers of the Dangote Cement Company were reportedly kidnapped on Monday evening at Okpella in Edo State when they were returning from work. An eye witness account said the abducted workers were inside the staff bus when they were ambushed on their way home.His words:”the workers were returning […]

Business

Shell to develop gas field for Dangote fertiliser

DailyTimesNGR DailyTimesNGR 7 February 2024 0

Africa’s richest man, Aliko Dangote has signed an investment decision with Shell Plc to build a gas supply facility in Nigeria to feed the Dangote Fertiliser and Petrochemical plant. The $2.5 billion plant, Africa’s largest urea complex with a 3-million-tonne output per year, accounts for 65% of Nigeria’s fertiliser needs and can supply all the […]

News

Why Dangote Refinery Should Be Supported And Encouraged

DailyTimesNGR DailyTimesNGR 5 February 2024 0

The recent news that the $20 billion, 650, 000 barrels- per -day capacity Dangote Refinery, has commenced operations has been eliciting shouts of hurray from several quarters in Nigeria and outside. The excitement locally is because our people are finally seeing the proverbial light at the end of the tunnel, after decades groaning under the […]

News

FG commends Dangote Cement for vital roles in economic diversification

DailyTimesNGR DailyTimesNGR 2 February 2024 0

By Motolani Oseni The federal government has commended the leading roles being played by the Dangote Group to complement government’s efforts to diversify the nation’s economy and the company’s dedication to promotion of best practices in all its operations. The commendation came even as the Ogun State government said the Dangote Cement is a key […]

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How Dangote Refinery output will impact FX market, rising Inflation

DailyTimesNGR DailyTimesNGR 15 January 2024 0

By Motolani Oseni Following the commencement of crude oil refining by Dangote Refinery, Nigeria is expected to witness calm in inflation and significant freeze pressure on foreign exchange market. Dangote group had earlier announced that the 650,000 barrels per day facility has begun fuel production, potentially creating a new domestic market for Nigeria. The $19 […]

Money

Dangote Refinery receives another one million barrels of crude

DailyTimesNGR DailyTimesNGR 22 December 2023 0

By Motolani Oseni Dangote Refinery has made a further move towards the commencement of production of refined petroleum products with the receipt of an additional one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million barrels of crude from the Shell terminal via the MT […]

Business

Climate Change: Dangote steps up efforts to mitigate Green House Gas emission

Ihesiulo Grace 14 September 2023 0

In line with global best practice, the pan-African Conglomerate, Dangote Group has deployed cutting-edge technology and other measures to mitigate emission of Green House Gas (GHG), and its impacts, in all its subsidiaries. The Group, as part of its contribution to the campaign for reduction of GHG, has embarked on enlightenment to sensitize workers and […]

Business

Tax: Dangote Cement remits N412.9bn to FG in 3 years

Ihesiulo Grace 3 September 2023 0

By Motolani Oseni Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for 3 consecutive years. A total of N97.24 billion was paid by Dangote Cement in 2020, N173.93 billion in 2021 and N141.69 billion in 2022. This huge […]