Home Posts tagged Dangote (Page 3)
Business

NNPC to acquire $2.7bn stake in Dangote refinery

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 […]
News

Dangote Tops Chat in Contributing to Nigeria’s Economy

Despite the COVID-19 pandemic and expectations of economic contraction, Dangote Group has navigated the challenges associated with the pandemic to take a lead in contributing to the nation’s economic development ahead of other sectors like the banking industry. Before the outbreak, the outlook for the world economy—and especially developing countries like Nigeria was
Business

Sugar Production: Dangote Group commits $700m

The management of Dangote Sugar Refinery Plc has announced that it would invest over $700 million in sugar projects to help the Federal Government’s Backward Integration Policy, which aims to make Nigeria self-sufficient in sugar production. Dangote Industries Limited revealed this to visiting members of the Nasarawa House of Assembly on Friday, according to a […]
News

Dangote still African richest man – Forbes

Three of Nigeria’s wealthiest people made the top six on Forbes’ Africa’s Billionaires list for 2021. On Tuesday, Forbes published its list of the world’s billionaires for 2021, which includes 14 African billionaires, with Aliko Dangote, the President/Chief Executive of Dangote Group, holding the top spot on the continent. Dr. Mike Adenuga, Chairman