Dangote Confirms Interest in Buying Arsenal
Africa’s richest man and Nigerian billionaire, Aliko Dangote has reconfirmed his interest in buying English Premier League Club, Arsenal. In an interview with Bloomberg, the business tycoon who is valued at around $15.7 billion, said he still hopes to buy the North London club despite his failed bid in 2010. “I still hope, one day, […]
Why We Love Aliko Dangote
The Connect Nigeria team celebrates Mr. Aliko Dangote who turned 58 on the 10th of April, 2015! The 2014 Forbes Africa Person of the Year undeniably stands out as an inspiration to millions of aspiring and current entrepreneurs across the continent. His many business achievements, positive contributions to society and the multi-million dollar empire he has grown […]
Dangote, First Bank On The List Of Top 100 Nigerian Companies
The Federal Government of Nigeria on Monday made known the top 100 companies in Nigeria for the 2014 fiscal year. Dangote, First Bank, Chevron, Nigerian Breweries Plc and Flour Mills of Nigeria were some of the companies that made the list. The government said the Top 100 Companies Award fixed for December 1, the first […]
Dangote Lagos Refinery To Start Operations In 2018
The proposed Dangote oil refinery situated in Ibeju-Lekki, Lagos is expected to be functional by the first half of 2018, an official with the company has disclosed. According to the Dangote Industries’ operations director for petroleum refining, Mr. George Nicolaides, the plant will be able to process 500,000 barrels of crude a day. The new […]
Dangote, Chimamanda, Arunma Oteh Nominated for Forbes Africa Person of the Year
Forbes Magazine has nominated Nigerian billionaire, Aliko Dangote, and Director-General, Nigerian Securities and Exchange Commission, Arunma Oteh for the Forbes Africa Person of the Year 2014 award. Also nominated is multiple award winning writer, Chimamanda Adichie; Thuli Madonsela, a South African who helped draft the country’s constitution in 1994; and Donald Kaberuka, a Rwandan economist […]
Nigerian Businessmen Awarded 7 Oil Blocks in Kenya
According to reports by News Agency of Nigeria, NAN, some Nigerian businessmen have been awarded seven oil blocs for exploration from the 46 newly discovered oil blocs in Kenya. The chairman, Kiprono Kittony, of the Nigeria-Kenya Chamber of Commerce disclosed this in Abuja on Monday at a meeting with prominent business men from both […]
Dangote Sugar Commended on Backward Integration Project
Olusegun Aganga, Minister for Industry, Trade and Investment, has commended the management of Dangote Sugar Refinery on its remarkable progress towards meeting its sugar backward integration project targets. Aganga, while on a working visit to Savannah Sugar Company Limited, expressed satisfaction at the level of positive changes seen in the company since its acquisition by […]
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 […]
Dangote to Complete 5 Cement Plants Across Africa
Dangote Cement, Africa’s biggest cement manufacturer, has announced it will complete five cement plants spread across the continent this year. The organisation revealed that the plants, currently at different stages of construction, will increase productive output by 13.5 million metric tonnes of cement per year when completed. Dangote is currently working on completing the third […]
Four Nigerian Billionaires Make $12.65 Bn in 2013
Four Nigerian billionaires, Aliko Dangote, Folorunsho Alakija, Abdulsamad Rabiu and Mike Adenuga’s net worth grew by N2.024 trillion ($12.65 billion) in 2013, according to Forbes. This was revealed in a report released by Forbes Africa titled, “The Biggest African Billionaire Gainers in 2013”, listing Dangote, Africa’s richest man, as the biggest gainer in terms of increase […]
Dangote Group Among Top 10 Most Valuable Brands in Africa
African Business Magazine has named Dangote Group as the eighth most valuable brand in Africa in its “The Brand Africa 100” survey for 2013. It placed the group as the most valuable in consumer goods sector with a brand value of 216. According to African Business Magazine, “The study involved a comprehensive research among consumers […]
Dangote Group to Build $350 Million Cement Factory in Neigbouring Niger
Dangote Group will build a new $350 million cement factory in Niger, Nigeria’s neigbhour to the north. The Chairman of the Group, Alhaji, Aliko Dangote announced this, after he met with Niger’s President Issoufou Mahamadou in the past week. Dangote said it is “Part of a continent-wide drive to boost output.” Dangote Group is projects […]
Dangote Group Signs $3.3Bn Loan To Build Refinery in Nigeria
Industry leader in Cement and Sugar Manufacturing in Africa, Dangote Group, has announced that it has signed a loan facility agreement of $3.3 billion to build a refinery and petrochemicals complex at the OK-LNG Free Trade Zone, between Ogun and Ondo states. The Group secured a $3.3 billion medium term loan from some local banks […]
Dangote Group Seeks $3.3 Bn to Finance Refinery Project
Dangote Group has announced that it would borrow $3.3 billion to finance a $9 billion oil refinery and petrochemical complex in Nigeria. The Group said it was seeking a further $2.25 billion from development funds for the project, into which it would put $3.5 billion of its own equity. The refinery is expected to have […]
GE Signs Strategic Partnership Agreement With Dangote Group
The visit, last week, of General Electric’s CEO, Jeff Immelt, to Nigeria, that had him announce an energy investment deal, and a deal with Transcorp, also produced another, on infrastructural development, with Dangote Group. This will have both organizations collaborate on transportation (railway) and energy projects, with joint investment and oversight. The strategic partnership of […]
Dangote To Build Fertiliser Plant In Edo State.
African Billionaire and Nigerian Industrialist, Aliko Dangote, has announced that he’ll invest $2 billion (N300 billion) to build a fertiliser plant in Edo State. He made this known, this week, as the Edo Governor, Adams Oshiomhole, was sworn in for a second term. He said that work will commence in a few weeks and that […]