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 […]
…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 insight emerged during S&P Global’s onsite visit to […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 billion, therefore saving […]
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 […]
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 […]
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 Sustainability Week, […]
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) […]
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 […]
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 Plc also received awards of […]