Tag: Aliko Dangote

Aliko Dangote ranked 117th in latest Bloomberg billionaires index

Aminu Imam

The President of Dangote Group, Aliko Dangote, has been ranked 117th in the latest Bloomberg Billionaires Index.  The index is a daily ranking of the world’s richest people.  In the index, which usually has its figures updated at the close of every trading day in New York, Dangote is said to have a net worth of $17.8bn. Top of the index is Tesla CEO, Elon Musk, with a net worth of $194bn, closely followed by Amazon founder, Jeff Bezos, who is also worth $194bn. In third place is Bernard Arnault…

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Dangote receives highest civilian honour in Cameroon

Aminu Imam

Aliko Dangote has received the highest civilian honour in Cameroon, the Commander of the National Order of Valour – from the President of the Republic, Paul Biya. According to President Paul Biya, the landmark honour was in recognition of his efforts in the infrastructural development of Cameroon and Africa through his cement plants. At a conferment ceremony in Yaoundé, President Biya expressed pride at Dangote’s efforts to promote industrialisation in Africa and urged African investor to consider more investments in the manufacturing sector.

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Super League fallout: Twitter users urge billionaire, Dangote to take over Arsenal FC

Aminu Imam

Arsenal fans are calling on Nigerian billionaire and Africa’s richest person, Aliko Dangote to launch a takeover of the club. Many fans were miffed by the club’s decision to join the European Super League, (ESL), alongside five other Premier League clubs, three Italian and three Spanish clubs. Arsenal, as well as Manchester City, Manchester United, Tottenham Hotspur and Liverpool, however, confirmed their exit from the competition on Tuesday. Arsenal described its earlier endorsement of the league as a “mistake” and apologised in a statement published on its website. Many fans…

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Just In: Ganduje reconciles Dangote, BUA in Abuja

Aminu Imam

Chairman of Dangote Group of Companies, Alhaji Aliko Dangote and Chairman of BUA Group of Companies, Abdulsamad Isiyaka Rabiu have reconciled their differences on Thursday at a meeting convened by Kano State governor, Abdullahi Umar Ganduje in Abuja. The meeting was attended by business tycoon Alh. Aminu Alhassan Dantata, who played the role of a father during the meeting; Minister for Commerce, Trade and Investment, Niyi Adebayo, amongst others. The reconciliation meeting took place at Kano Governor’s Lodge, Asokoro, Abuja, which put a stop to all rumours making round that…

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Aliko Dangote to earn N234 bn as 2020 dividend from his cement business

Aminu Imam

Africa’s richest man, Aliko Dangote, is set to earn a staggering N234 billion as dividends for the year ended 2020 from his stakes in his flagship company, Dangote Cement Plc. The billionaire, who founded Africa’s most diversified manufacturing conglomerate, Dangote Industries Limited, is the single majority shareholder of Dangote Cement. According to the information contained in the financial statement of his cement company, Aliko Dangote has a direct stake of 27,642,637 units, and an indirect stake of 14,621,387,610 ordinary shares, which he holds through Dangote Industries Ltd. A recent report…

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Dangote grooms Nigerian engineers to manage refinery complex on completion

Aminu Imam

The management of Dangote Oil Refinery is preparing young Nigerian graduates to take over the management of its 650,000 barrels per day single train refinery when it becomes operational in 2022. The President of the Dangote Group, Aliko Dangote, who made this disclosure on Saturday during the tour of the Dangote Refinery by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, affirmed that the country is blessed with great talents that are capable of running a refinery of this size, if given the necessary encouragement. He said that…

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