The Secret To Dangote’s Wealth
A multi-billionaire and business tycoon, Aliko Dangote is the wealthiest person in Africa with a net worth of about $11.1bn as of May 2021. Aged 64, he was born in Kano on the 10th of April and is the founder and leader of the Dangote Group. Although from a well-to-do background, Dangote did not have […]
Did You Know? Nigeria’s Billion Dollar Companies
How much are Nigeria’s bigger corporations worth? The answer to this question depends on where you choose to draw the line. As you would expect, the number of companies on your rich list falls as the value-stakes are raised higher. Are we looking at firms raking in hundreds of millions of naira, or mammoth business […]
Dangote Crashes Cement Online Sales Price
In a move that will raise the stakes in the rapidly evolving Nigerian cement market, leading cement manufacturer, Dangote Cement Plc has announced its partnership with a foremost leading online platform, Jumia. This move is designed to reduce price and ease logistics that is closely related to the purchase of its products, the management has signed […]
Dangote Cement Wins “2015 African Business Of The Year” Award
Dangote Cement Plc. has been given the award of the “African Business of the Year” at the 2015 African Business Awards which held at the Four Seasons Hotel in New York on 24th September, 2015. The Award was organised by African Business magazine. Aliko Dangote, chairman of Dangote Group is ranked by Forbes magazine as […]
How to Save Our Capital Market Investment
“Tell me nobody has seen this” were the words that entered my mind as I judiciously looked at the stock market report for the umpteenth time last Friday—as I always do every day of every year for the past seventeen years. My light bulb moment was brought on by the phenomena we see every day […]
Nigeria prepares new Policy to ease the tempest from Cement glut
Story of glut in the Nigerian cement sector hit the news a few weeks ago – coming as something that’ll taper after festivities or when construction picks up, instead continued and straggled, dragging merchants into fray. It has become a dustup between local manufacturers and importers. Importers are blamed for excessive importation, effect that has […]
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, […]
London Stock Exchange: Looking to list more Nigerian companies
London Stock Exchange, one of the biggest trading market in the world, has signaled its interest to list more Nigerian companies, after GTBank, Diamond Bank, Eland Oil and two others — currently listed. Zenith Bank is expected to be listed in a few days, and Dangote Cement next year. It gives Nigerian companies an opportunity […]