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Tag Archives: Dangote

Forbes name Dangote as Africa’s richest for the seventh year

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For the seventh year in a row, the President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has been adjudged as the richest man in Africa with a net worth that Forbes pegged at $12.2bn for 2017. That was an increase of $100m from a year earlier. Bill Gates maintained his position as the richest in the world with ...

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NLC, SERAP, CSOs clash over Dangote’s refinery

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The Nigeria Labour Congress again on Friday berated the Federal Government over the fuel scarcity in the country, saying government’s energy policy was defective. Also on Friday, the NLC and civil society organisations were divided over Dangote Refinery, which will begin operations at the end of 2018. The NLC, which spoke through its Secretary-General, Dr. Peter Ozo-Eson, warned the Federal ...

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Dangote pledges $100m to tackle malnutrition in Nigeria

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The Aliko Dangote Foundation has pledged to invest $100m over five years to tackle malnutrition in the worst-affected parts of Nigeria. The foundation made the pledge at the recently concluded Global Nutrition Summit 2017, held in Milan, Italy, which brought together governments, international agencies, foundations, civil society organisations and businesses to accelerate the global response to malnutrition, an underlying cause ...

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Dangote Cement consolidates pan-African operations

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Dangote Cement says it has maintained its strong hold in the Nigerian domestic cement market, accounting for 65 per cent of the market volume, while other African plants, volumes went up by 7.5 per cent to 7.0 metric tonnes per annum. According to a statement by the company on Sunday, it has in the past months expanded its operations across ...

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Dangote denies tax holiday for Apapa road construction

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The management of Dangote Group has debunked speculations that the company would benefit from a 10-year tax holiday after constructing the 35-kilometre Apapa to Oworonshoki end of the Lagos-Ibadan Expressway. The company made this denial at a media briefing in Lagos on Monday. The Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, explained ...

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Dangote Cement drags market into N6bn loss

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The Nigerian Stock Exchange market capitalization declined by N6bn on Thursday following a major decline in the performance of Dangote Cement Plc stocks. The NSE capitalization fell to N12.130tn from N12.136tn as the All-Share Index closed at 35,188.97 basis points from 35,207.89 basis points. A total of 429.224 million shares valued at N8.68bn exchanged hands in 3,271 deals. The Nigerian ...

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