Africa’s richest man, Aliko Dangote, has seen his net worth climb to $30.2 billion, according to the latest data tracked by the Bloomberg Billionaires Index. The figure reflects an increase of $2.25 billion year-to-date (8%), supported by gains in his cement, oil, and fertilizer businesses. The Bloomberg data also shows that Dangote’s wealth rose by…
A chieftain of the All Progressives Congress (APC) and former governorship candidate in Kebbi State, Mallam Salihu Isa Nataro, has urged Nigerians to consider a potential presidential ticket pairing Africa’s richest man, Alhaji Aliko Dangote, with Abia State Governor, Dr. Alex Otti, as a pathway to restoring economic stability and driving industrial growth ahead of…
Aliko Dangote, founder and president/chief executive of the Dangote Group, says he believes that the Ajaokuta steel company will never work. Mr Dangote, in a video shared on the TVC X handle on Tuesday, emphasised the importance of a thriving steel industry for national development but believes Ajaokuta’s challenges make its success unlikely. He likened…
Billionaire businessman Aliko Dangote has revealed he built his business empire from the scratch despite being born into a wealthy family. Speaking in a video, Dangote said he chose not to rely on inherited wealth. Dangote said he worked with his uncle before venturing into his business, initially trading in cement. He recognised the vast…
Dangote Cement says Aliko Dangote, its majority shareholder and founder, has retired as the chairman of the cement manufacturer. In a statement on Friday, signed by Anthony Chiejina, the company’s group chief, branding and communications officer, Dangote Cement said the businessman relinquished the position to focus on Dangote Petroleum Refinery, petrochemical and fertiliser plant, as…
Lagos State governor, Babajide Sanwo-Olu and his Ogun State counterpart, Dapo Abiodun, alongside the President of Dangote Industries Limited, Aliko Dangote have arrived in Katsina. Others who arrived at the Musa Yar’Adua Airport alongside the trio, ahead of the burial of former President Muhammadu Buhari, were the former Minister of Information, Lai Muhammed, among others….
Africa and Nigeria’s richest man, Aliko Dangote, is taking another major step in the expansion of his industrial empire with plans to construct a deep seaport near his existing fertilizer and oil refinery plants. The initiative is aimed at boosting export capacity and strengthening the Dangote Group’s logistics operations. Speaking in a recent interview in…
The president of the Dangote Group, Alhaji Aliko Dangote, has said that Nigeria’s state-owned refineries, located in Port Harcourt, Warri, and Kaduna, may never operate properly again despite about $18 billion invested in their rehabilitation. Alhaji Dangote disclosed this while hosting members of the Global CEO Africa, who visited the Dangote Petroleum Refinery yesterday. He…
President Bola Tinubu on Thursday praised some of Nigeria’s top industrialists, describing them as “wise men”. The president made the remark during the commissioning of the access road to the Lekki Deep Sea Port in Lagos, lauding the project as “a great phenomenon of our time”. “I landed here with four wise men: Jim Ovia…
Aliko Dangote, president and chief executive officer (CEO) of Dangote Group, has been appointed to the World Bank’s Private Sector Investment Lab. The appointment places Dangote among a select group of global business leaders tasked with driving investment and job creation in emerging economies. The World Bank announced Dangote’s appointment on Wednesday as part of…