Dangote Group Considers Acquisition of Oil Blocks
The Dangote Group, a conglomerate of manufacturing companies owned by Aliko Dangote, Africa’s richest man, is considering purchasing oil fields in Nigeria. The planned purchase comes in the wake of news that international oil companies in Nigeria plan to sell their onshore assets in the country. Dangote Group is making moves to set up a […]
Bill Gates Becomes World’s Richest Person Again; Dangote $9.2 Billion Richer in 2013
William H. Gates, founder and chairman of Microsoft Corporation, has become the world’s richest man, again. The billionaire philanthropist achieved his new status as a result of an increase of $15.8 billion in his fortune in 2013, according to Bloomberg’s Billionaire Index. Microsoft’s shares soared by 40 percent in the previous year, which earned Gates […]
African Billionaire Aliko Dangote Joins Twitter; Gets Verified Before First Tweet
Alhaji Aliko Dangote, Africa’s richest man and Chairman of Dangote Group, has joined micro blogging social network, twitter. Dangote who joined with the handle @AlikoDangote on January 1, 2014 was verified within hours of opening his account with barely 2,000 followers at the time. On January 2, 2014, his followers had risen to 31, 807 […]
Bill Gates Re-Affirms Commitment to Polio Eradication in Nigeria
Billionaire philanthropist Bill Gates met with Nigerian officials on Monday in Abuja to discuss progress made on the ambition for absolute eradication of polio in Nigeria by mid-decade. He met with President Goodluck Jonathan, members of the House of Representatives, Aliko Dangote and other stakeholders, discussing how to deliver Oral Polio Vaccine (OPV) to every […]
Nigerian Industrialist Dangote Ranked 64th on Forbes World’s Most Powerful People List for 2013
Nigerian industrialist Aliko Dangote has been ranked by Forbes Magazine as the World’s 64th most powerful person in its 2013 World’s Powerful People Ranking. He is the only Nigerian on the list, and qualifies by virtue of being the richest black man in the world with several investments and philanthropic activities across the African continent. Forbes Most Powerful […]
Dangote, Ovia and Adesina Nominated for Forbes Person of the Year Award
Forbes Africa has unveiled its final list of its Person of the Year Award for 2013. The award consists of personalities from three African countries; Nigeria, South Africa and Zimbabwe. Voting has commenced online, and Forbes provides a profile for the five nominees, Patrice Motsepe (South Africa), Akinwunmi Adesina (Nigeria), Aliko Dangote (Nigeria), Strive Masiyiwa […]
Dangote Group and China’s Sinotruk Sign $100 Million Deal
A significant milestone in China’s trade relations with Africa was reached recently when industrial giant Dangote Group of Nigeria and Shandong-based China National Heavy Duty Truck Company (Sinotruk) signed a contract for delivery of 1,700 heavy trucks and 1,700 semi-trailers. The contract was concluded on the eve of the state visit to China by Nigeria’s President […]
Aliko Dangote, Tony Elumelu, Others Speak at LBS Africa Business Conference
Lagos Business School will hold the inaugural edition of Africa Business Conference on May 31, 2013. The conference, organised by the MBA students of the School, aims to bridge the gap between emerging and entrenched business leaders, and successful and emerging businesses through a robust information exchange platform, in order to create a thriving future […]
New Sugar Factories coming to Sokoto and Kebbi, Aliko Dangote Says
Nigerian Industrialist and Billionaire Investor, Aliko Dangote has announced that he would build four new sugar factories in Sokoto and Kebbi states. He revealed this during a courtesy visit to the Governor of Sokoto, Aliyu Wamakko. He said the factories should cost around N200 billion and should be operational in four years. He said, “They […]
Dangote Donates $.5m to UNICEF, Plans $8 Billion Refinery in Nigeria
Nigerian Industrialist and Billionaire Philanthropist, Aliko Dangote, has donated the sum of $500,000 to UNICEF in Nigeria, to assist the government to manage the recent measles outbreak in certain states in Nigeria. The funds, according to Jean Gough, UNICEF Chief for Nigeria, will be used to procure 1.7 million doses of measles vaccine. Gough, during the UNICEF’s courtesy visit at which Dangote announced […]
How Rich Is Folorunsho Alakija?
When Ventures Africa broke the story — in November, that a Nigerian, Folorunsho Alakija, is the richest black woman in the world — worth $3.3 billion, the story was not taken too seriously, until it was reported in credible, international news websites — Daily Mail and Huff Po. The news that she outdid Oprah Winfrey was a plus […]
Aliko Dangote is Worth $16.1 billion, Mike Adenuga, $4.7 billion, in Newly Released Forbes Rich-list
Alhaji Aliko Dangote, is the 43rd richest man on earth today, according to the 2013 list of world’s billionaires, compiled by Forbes Magazine. He is worth $16.1 billion, with assets from his cement, sugar, flour and other businesses. He is number one in Nigeria and Africa. Dangote, 55, retains his position as Africa’s richest man for […]
National Competitiveness Council of Nigeria, Inaugurated; Posit Plans
Following the inauguration of the National Competitiveness Council of Nigeria (NCCN) at State House, yesterday, by President Goodluck Jonathan, its Chairman the Honourable Minister of Trade and Investment Olusegun Aganga, the Vice Chairman Tony O. Elumelu C.O.N, as well as members of the board, convened the council’s first meeting to outline the priorities for ensuring […]
Forbes: Aliko Dangote is Africa’s Richest with $12 billion
Nigerian industralist, Aliko Dangote has topped Forbes Africa’s 40 richest list for the second year, with a net worth of $12billion, up from $10.1 billion, in November 2011. According to Forbes, most of his net worth lies in Dangote Cement PLC, a company which operates in 14 African countries. Aliko Dangote, GCON, born April 10, […]
Dangote And Elumelu Nominated For Forbes Africa Person Of The Year.
Forbes Magazine, popular for its listing of world’s richest people, has revealed nominees for this year’s Forbes Africa Person of the Year. Nigerian Billionaire Aliko Dangote and Investor Tony Elumelu are Nigerians on the list. Others are Dr. James Mwangi – CEO and Managing Director of Kenya’s Equity Bank Limited, Joyce Banda – Malawian President […]