Aliko Dangote, Chief Executive Officer of Dangote Group, has said investors can subscribe to the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE with a minimum of 10 ordinary shares, worth N5,250. Dangote disclosed this on Monday during the signing ceremony for the refinery’s IPO at Eko Hotel and Suites, Victoria … [Read more…]
Dangote Industries Limited, yesterday listed N200 billion series 1 and 2 Bonds on Nigerian Exchange (NGX) Limited. At the Closing Gong Ceremony commemorating the listing of the bond held at the Exchange in Lagos, the Group chief executive officer, Dangote Industries Limited, Mr Olakunle Alake expressed delight upon the completion of the listing of the … [Read more…]
Dangote Group has taken delivery of 400 Shacman trucks assembled in Enugu, Nigeria. Transit Support Services Limited, assembler of Shacman vehicles in Nigeria, said this in a statement. The statement issued by Head of the Public Relations and Media at the Transit Support Services Limited, Iyere Ikhide, added that so far the Dangote … [Read more…]
A move to cut the skyrocketing costs of cement began yesterday at the National Assembly. The Senate urged the Federal Government to introduce liberal policies to stimulate more investment in the manufacturing of the product. The upper chamber said such policies should include provision of industrial and larger tax incentives to encourage local … [Read more…]
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Thursday disclosed that wheat and sugar would soon be added to the foreign exchange (forex) import exclusion list in line with government’s effort to conserve forex and promoting local production that will ultimately lead to job creation. Emefiele’s position is coming on the … [Read more…]
The proposed $500 million Dangote sugar processing plant in Awe, Nasarawa State will save Nigeria some $1 billion and create more than 150,000 jobs. President, Dangote Group, Aliko Dangote, said they have acquired 60,000 hectares of land in Awe, Nasarawa State to grow “up to one third of Nigeria’s sugar consumption, which is almost … [Read more…]
The Dangote Group says it has completed Nigeria’s longest rigid pavement located in Kogi State.According to a statement issued by the group on Sunday, the 43KM Obajana-Kabba road constructed by Dangote Industries Limited, has been described by motorists as the country’s most strategic highway aiding travellers between the North and the South. The Project … [Read more…]
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw his total net worth drop by $900m on Friday as his flagship company emerged the biggest loser at the end of trading on the Nigerian Stock Exchange. Bloomberg Billionaires Index, which is a ranking of the world’s 500 richest people, showed that his wealth fell … [Read more…]