Tag: Aliko Dangote

?angote budgets N15bn for food intervention across Nigeria

Aminu Imam

The Aliko ?angote Foundation, (ADF) has flagged-off the distribution of over 1,000,000, (One million) bags of 10kg rice across all the 774 local governments in Nigeria in Kano and Lagos respectively. President of ?angote Group, Aliko ?angote, who is also the Chairman of ADF, was present at both the flagging-off ceremony in Kano and Lagos. At the flag-off ceremony in Kano, where 120,000 bags of 10kg rice were distributed, ?angote, said he has resolved to do all within his powers to assist the Government in alleviating poverty in Nigeria. Also,…

Read More

?angote Refinery to commence fuel production, as 1st crude shipment arrives

Aminu Imam

The ?angote Oil Refinery is finally set to commence fuel production, as the first crude shipment arrives at the facility yesterday. This was confirmed in a report by S&P Global, which stated that the massive OTIS tanker, carrying 950,000 barrels of Nigerias Agbami crude, set sail on December 6. S&P Global added that the tanker is currently en route to Lekki, Lagos State, which is the nearest land port to ?angotes offshore crude receiving terminal. It pointed out that the arrival of the first crude shipment at the mammoth $19…

Read More

?angote Refinery to start with 350,000bpd crude – President/CEO

Aminu Imam

President/Chief Executive Officer, ?angote Group, Aliko Dangote, has said that the $20bn ?angote refinery in Lekki, Lagos would start with the refining of 350,000 barrels per day of crude oil. ?angote, who disclosed this during an interview with the Financial Times of London, also stated that the refinery would receive about six million barrels of crude in December 2023. Were starting with 350,000 barrels a day, ?angote told the Financial Times, adding that a deal had already been clinched for the first cargo of about 6mn barrels for delivery next…

Read More

‘Dangote Refinery will be ready before Buharis tenure ends’ ?angote assures

Aminu Imam

The Chairman of the ?angote Group, Aliko ?angote, has said that the ?angote Refinery would be ready for commissioning before President Muhammadu Buhari leaves office on May 29, 2023. ?angote spoke to State House Correspondents on Friday, after meeting with President Muhammadu Buhari at the Presidential Villa, Abuja. Asked when the refinery would be ready for operations, the Forbes magazines Africa richest man, said: By the grace of God, Mr. President will come and commission before the end of his tenure. He noted that when operational, the refinery would create…

Read More

Nigeria should expect food scarcity by June Dangote

Aminu Imam

The Chairman, Chief Executive of Dangote Group of Companies, Aliko Dangote, has said that Nigeria should expect an outbreak of food scarcity in the next 3 months as adverse consequences of the Russian-Ukraine war begin to manifest. According to the business mogul, the war impact, which has begun with the sporadic rise in wheat pricing, may soon spread to other foods, including maize and other components of input for industrial food production, triggering low production and low supply. With Russia and Ukraine controlling about 30 percent of the worlds urea…

Read More

Johann Rupert set to overtake Dangote as Africas richest person

Aminu Imam

Nigerian billionaire and businessman, Aliko Dangote is reportedly set to lose his position as the richest person in Africa. It was learnt that South African billionaire, Johann Rupert might take overtake Dangote and become the richest African person in 2023, when Forbes releases its list. This is as the South African businessman emerged as the top gainer on Wednesday during trading hours on the floor of the South African Stock Exchange, gaining N58.20 billion ($140 million). While Ruperts wealth grew after Wednesdays trading, his Nigerian counterpart, Dangote lost N8.73 billion…

Read More

2023: Arewa youths ask Dangote, Otedola, others to join presidential race

Aminu Imam

Shehu Sani reacts Northern youths, under the aegis of the Arewa Youth Assembly, have called on prominent private sector players to come to the nations rescue by joining the 2023 presidential race. The Arewa Youths stated this in a statement on Friday, titled: Private Sector Players to Join the 2023 Presidential Race, jointly signed by the groups Speaker, Mohammed Danlami, and National Clerk, Desmond Minakaro. According to them, Nigeria needs the managerial acumen and leadership skills of citizens such as Aliko ?angote, Femi Otedola, Mrs. Ngozi Okonjo-Iweala, and many others,…

Read More

For the 11th year in a row, Dangote retains status as Africas richest man

Aminu Imam

Business tycoon, Alike ?angote has retained his position as the richest man in Africa for the eleventh consecutive year, according to the 2022 edition of the Forbes magazine Top 10 Africas Billionaires List. This is contained in a post on their verified Twitter account: @Forbes. Forbes, an American business magazine, is renowned for tracking the wealth of billionaires across the world. According to the report, for the 11th year in a row, Aliko ?angote is the continents richest person as his net worth is estimated at $13.9 billion, up from…

Read More

“My refinery will kick off before this September” Aliko ?angote

Aminu Imam

President of ?angote Group, Alhaji Aliko ?angote, has said the Dangote Refinery and Fertiliser projects will come on stream before the end of the third quarter of this year. He disclosed this when the President of the African Development Bank, (AfDB), Dr. Akinwumi Adesina, led a delegation of the bank to the project site in Lagos. The refinery will commence operation by the third quarter of 2022. On the mechanical completion, we are almost finished but we have started hydro testing, almost 70% gone, hopefully before the end of Q3…

Read More

Aliko Dangote Foundation flags off nutrition programme in Kano

Aminu Imam

The Aliko Dangote Foundation, (ADF), has commenced the implementation of its nutrition flagship programme, tagged: Aliko Dangote Foundation Integrated Nutrition (ADFIN) program in Kano State. According to the ADFs Director of Health and Nutrition, Dr. Francis Aminu, the programme is in line with the plan to use the newly refurbished Primary Healthcare Centers (PHCs) across 5 pilot LGAs as Outpatient Care (OPC) and Inpatient Care (IPC) component of the Integrated Management of Acute Malnutrition (IMAM) services for the programme. According to Dr. Aminu, no fewer than 30 health workers have…

Read More