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

Headlines

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 […]

Headlines

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 […]

Headlines

‘Dangote Refinery will generate $21bn, employ over 100,000 youths’

Ihesiulo Grace 23 May 2023 0

By TOSIN ADAMS Amid encomiums from eminent personalities, which included President Muhammadu Buhari and five other African heads of state, President of the pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote disclosed on Monday that the newly commissioned 650,000pbd refinery would employ over 100,000 Nigerians youths as well as generate over $21

Headlines

New Dangote Refinery for inauguration May 22

Ihesiulo Grace 8 May 2023 0

Mr Anthony Chiejina, Group Chief Branding and Communications Officer, Dangote Industries Ltd., says the multi-billion Naira Dangote Refinery and Petrochemical company will be inaugurated in Lagos on May 22. Chiejina disclosed this to the media on Sunday in Lagos. Recall that the facility is expected to produce 650,000 barrels per day with the cost of […]

Business

Dangote Cement shareholders to receive N340bn dividend

Ihesiulo Grace 24 March 2023 0

The Management of Dangote Cement Plc has revealed that once the shareholders at the AGM slated for April 13, 2023, approve the proposal, the shareholders whose names are registered in the Company’s Register of Members at the close of business on 30 March 2023 will be immediately paid the sum of about N340 billion a […]

Business

Dangote trains traders on financial literacy

Ihesiulo Grace 8 November 2022 0

Dangote Cement Plc has launched a circular economy programme, called ‘DangCircular’ as the company trained traders on financial literacy. The new initiative aims to promote recycling and reuse of scarce resources in society to reduce landfilling and create wealth as a contribution to environmental sustainability. DangCircular was rolled out during this year’s Dangote

Business

Banks, Dangote, Sundry Foods commit to Nigeria’s economic growth

Ihesiulo Grace 6 November 2022 0

By Motolani Oseni Dangote Group, Sundry Food Limited, Access Bank Corporation and United Bank for Africa (UBA) have vowed to continue to grow the nation’s economy through their various initiatives, while creating jobs in the process. The companies, made the pledge while speaking as key sponsors of the Association of Business Editors of Nigeria (ABEN) […]

Headlines

Dangote Group distances self from Kogi Assembly fire outbreak

Ihesiulo Grace 11 October 2022 0

By Motolani Oseni Dangote Group distanced itself from the fire outbreak in the Kogi State House of Assembly early hours of Monday, October 10, 2022. The Group, in a statement signed by the Group Chief Branding & Communications Officer, Dangote Industries Limited, Anthony Chiejina said: “Our attention has been drawn to a circulating Press Statement […]

Headlines

DANGOTE WINS ECOWAS’ MANUFACTURING BRAND OF THE YEAR AWARD

Ihesiulo Grace 1 October 2022 0

Africa’s largest business conglomerate, Dangote Industries Limited has been adjudged the Outstanding Indigenous Conglomerate of the Decade, carting home eight different Economic Community of West African States Manufacturing Excellence Awards (EMEA) in the process. In the same vein, two subsidiaries of the Conglomerate, Dangote Cement Plc and Dangote Sugar Refinery

News

Africa’s richest man, Aliko Dangote, loses brother, Sani

Ihesiulo Grace 15 November 2021 0

*Buhari condoles with Aliko Dangote, family Alhaji Sani Dangote, a Non-Executive Director of Dangote Cement Plc, and brother to Africa’s richest man, Alhaji Aliko Dangote, is dead. He died on Sunday, an official of the company said. The Deputy Company Secretary, Mr Edward Imoedemhe, on behalf of Dangote Cement, disclosed this in a notice to […]

Business

NNPC to acquire $2.7bn stake in Dangote refinery

Ihesiulo Grace 5 August 2021 0

The Nigerian government has given the state-owned Nigerian National Petroleum Corporation (NNPC) permission to buy a 20% share in the Dangote refinery for $2.76 billion. In the Lekki Free Zone near Lagos, a 650,000bpd integrated refinery project is now under development. The refinery, which is anticipated to cost $18 billion when completed, will be Africa’s […]

Business

Dangote clicks Nigeria’s most impactful local content coy award

Ihesiulo Grace 26 July 2021 0

MOTOLANI OSENI Dangote Oil Refinery has been awarded the National Oil Company of the year with the most impactful Local Content Development initiative and opportunity presenter in the downstream sub-sector of the oil and gas industry in Nigeria. The award was presented to the company virtually at the 2021 edition of the Nigerian Oil and […]