By Eyo Nsima The Assets Management Corporation of Nigeria (AMCON) said it has no plans to take over the Dangote Refinery over debts as reported by some online media. AMCON said neither Dangote Refinery or the Dangote Group are on its debtors’ list, hence it couldn’t have plan to take over the assets. Specifically, Head […]
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Dangote, only Nigerian on Bloomberg’s top Billionaires’ lists …Fortune increases to $17.8bn Africa’s richest man, Aliko Dangote has significantly moved up in the World billionaires’ list as his fortune increased to $17.8 billion as against last year’s $14.8 billion to emerge as the only Nigerian in Bloomberg’s yearly top billionaire lists. Other Africans on
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By Eyo Nsima As efforts are being intensified for the imminent completion of the multi-billion dollars 650,000bpd Dangote Refinery in Lagos, the project has been described as an inspiration to private sector operators in the country. Excited at the share humongous size of the refinery, Mr. Wale Tinubu, Chief Executive Officer of Oando Plc, leading
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DANGOTE SALT INTRODUCES THE DANGOTE SALT ART CHALLENGE 2021 – UNLEASH YOUR CREATIVITY Dangote Salt is redefining the way we engage with art in Nigeria. Monday, 28th June 2021 Lagos: Dangote Salt calls for creative entries in the second edition of the Dangote Salt art challenge. The opening date for the submissions is 1stof
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By Eyo Nsima Dangote Sugar Refinery recorded strong improvements in performance indices in half year ended June 30, 2021, as group revenue increased by 27.8 percent to N131.95 billion in contrast to N103.23 billion recorded at the same period in the preceding year. According to the refinery’s unaudited results for the period, Gross profit grew
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By Eyo Nsima Africa’s largest cement producer, Dangote Cement has announced resilient results for the six months ended 30th June 2021 as Group sales volumes hit 15.3Mt. According to the company’s unaudited results for the period under review, Nigerian operations accounted for a sales volume of 9.87 Mt while pan African operations contributed the balance
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Dangote Cement Acquires 2,000 Trucks for Distribution of Products …As Dangote Fertiliser Takes Delivery of 500 Trucks for Urea Distribution To address challenges related to the ease of distribution and availability of cement across the country, especially among its value-chain service providers, Dangote Cement Plc has rolled out over 2,000 trucks for distribution
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MOMAN Expresses Interest to Lift Dangote Refinery Products By Eyo Nsima Ahead of the completion of the Dangote Oil Refinery, the Major Oil Marketers Association of Nigeria (MOMAN) has expressed an intention to engage the management of the company on commercial terms regarding the lifting of its refined petroleum products. On the 17th of February 2021,
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NNPC goes for bank loans to purchase a 20% stake in Dangote Refinery By Eyo Nsima The Nigerian National Petroleum Corporation, NNPC, has concluded arrangements to raise bank loans for the purchase of 20 percent stake in the $12 billion Dangote Refinery. The Group Managing Director, NNPC, Mallam Mele Kyari, said negotiations were ongoing with
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Dangote $2bn urea fertilizer Plant pushes out 120 trucks every day … Excites marketers, farmers in North After months of speculations, Dangote Urea fertilizer is now finally on sales nationwide and it currently pushes out a minimum of 120 trucks per day across the country Group Executive Director, (Strategy, Capital Projects & Portfolio Development) · Dangote
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