Tag Archives: Dangote

The Minister of Power, Works and Housing, Mr Babatunde Fashola signed a N4.34 Billion Memorandum of Understanding (MoU) with Dangote Group and other stakeholders for the reconstruction of Apapa Wharf Road on saturday. The project is to be funded by AG Dangote Construction Company Ltd, an arm of the Dangote Group, the Nigerian Ports Authority (NPA) and Flour Mills of ...

The Group Staff Multipurpose Cooperative Society Limited has announced how Dangote plans to invest in real estate and microfinance bank and to make available credit facility for entrepreneurs who are its members. The President, DANCOOPS, Mr. Afolabi Kamoru, stated this at the group’s 10th Annual General Meeting in Lagos. Also, the Obajana unit of the group asked for financial autonomy ...

Daily Post reports that Africa’s richest man, Aliko Dangote reveals secret of his business success. He disclosed his secret on business to include, self-sufficiency, a manufacturing strategy, among others. He made the disclosure at the Financial Times’ 4th annual Africa Summit at Claridges in London with the Vice President, Yemi Osinbajo on attendance. According to Dangote, “We are not going to ...

The Guardian reports that major shifts may soon be introduced into the Lagos government’s road projects with the bidding of AG-Dangote Construction Limited proposing the use of concrete in the 181 local councils road contracts. The firm is among the 1,000 building and civil engineering contractors jostling for the contracts in Lagos. At least two roads are selected from the 20 ...

“The African Export-Import Bank (Afreximbank) has signed agreements to provide financing facilities totalling $1.11 billion to support African entities engaged in intra-African trade, including $1 billion to the African conglomerate Dangote Industries Limited.”- The GuardianThe signing ceremonies, held as part of the ongoing activities marking the 24th yearly general meeting of the Bank, are in support of the Bank’s strategy ...

“Thugs suspected to be agents of an Anambra-born business mogul (names withheld), have been fingered in the wanton destruction of the property belonging to an Onitsha –based company, Bontus Oil and Gas Ltd. Bontus Oil and Gas is currently working out an arrangement with Dangote Group to be its main agent in Onitsha and its environs.”- Vanguard Officials of Dangote Group ...

The President of Dangote Group, Aliko Dangote, is going into partnership with a leading Chinese company, National Heavy Duty Truck Group Company Limited, SINOTRUCK to assemble trucks mainly used for haulage business. A statement made available to New Telegraph yesterday said the decision to go into the project was informed by the need to conserve foreign exchange in view of ...

The Nation reports that Dangote Group of Companies has finalised plans to establish a large scale rice mill in Kano, Kano State, with a capacity to produce 250,000 tonnes per annum. According to The Nation, the Executive Director Hajiya Halima Dangote, who spoke at the Dangote Day at the 37th Kano Trade Fair, said the mill would process rice harvested from Sokoto, ...

The Nation reports that Dangote Industries Limited (DIL) has bought Twister B.V., a company headquartered in the Netherlands delivering reliable, high-yield and robust solutions in natural gas processing and separation to the upstream and midstream oil and gas sectors. Twister’s unique separation capabilities are designed for augmenting production and streamlining processes, to capitalise on high-yield gas processing for maximising revenues. Based ...

Alhaji Aliko Dangote, Chairman of Dangote Cement Plc, yesterday charged the Federal Government and other African countries to invest in infrastructure and housing to support the rapidly developing continent, just its company is expanding across the continent. He stated this at the company’s Annual General Meeting (AGM) where it declared N8 per share dividend for the financial year ended December ...