Wednesday, April 21

Tag: africa’s richest man

My Refinery Will Be Completed By The End Of 2021 – Dangote
Business

My Refinery Will Be Completed By The End Of 2021 – Dangote

President, Dangote Group, Alhaji Aliko Dangote yesterday said the multi billion dollars and 650,000-barrel per day (bpd) integrated refinery and petrochemical project will be completed by the end of this year, just as granulated urea fertiliser plant at Ibeju Lekki corridor will begin production of fertiliser products next week. This was even as the Lagos State Governor, Mr Babajide Sanwo-Olu promised to support the ongoing multi-bilion dollars investments on the axis with massive road infrastructure to further open up the economy of the axis and create a more conducive environment for the industries springing up in the area. The duo spoke with journalists during Governor Sanwo- Olu’s two-day working visit to the Lagos Free Zone, saying that the investments would turn around the ...
Femi Otedola Visits ‘Dangote Wonderland’ Second Time in One Month
Business

Femi Otedola Visits ‘Dangote Wonderland’ Second Time in One Month

Billionaire Femi Otedola on Saturday visited the oil refinery and petrochemical plant sites under construction in Lagos by Africa’s richest man Aliko Dangote. This was his second visit to the place he calls the Dangote Wonderland since February 7. Mr Otedola captioned a photo from the visit posted to Instagram: Today I visited the DANGOTE WONDERLAND. The $15 billion oil refinery will be one of the world’s biggest on completion. It is designed to process 650,000 barrels of crude daily. The complex will also house a fertilizer factory is estimated at $2.5 billion. Meanwhile, Dangote Group has suggested for inclusion in the Petroleum Industry Bill a provision that the licence to import petroleum products should be assigned only to companies with active refining licences. ...
Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF
Business

Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF

The International Monetary Fund, IMF, the global financial watchdog, is projecting that Nigeria’s Dangote Refinery would provide an elixir for the country’s economy when it is completed and start production by 2022. In its latest report on Nigeria’s economy, the Fund raised the hope that the start of production from the refinery, solely owned by Africa’s richest man, Aliko Dangote could help Nigeria improve its Current Account balance. It said Dangote Refinery has “the potential to catalyze more domestic crude oil production and boost GDP growth.” “On the upside, the Dangote refinery, if commencing production in 2022 as planned, could meet the full demand for domestic consumption of refined petroleum products—which are almost all imported at present—thereby improving the CA ba...
Otedola Visits Dangote’s Oil Refinery, Petrochemical Plant In Lagos; Calls It ‘ Wonderland’
Business

Otedola Visits Dangote’s Oil Refinery, Petrochemical Plant In Lagos; Calls It ‘ Wonderland’

Billionaire Femi Otedola has again visited the oil refinery and petrochemical plant sites under construction in Lagos by Africa’s richest man Aliko Dangote. Mr Otedola on Monday shared photos of his visit to the site on Instagram. He said: “Yesterday (Sunday) I visited the Dangote refinery and petrochemical project, what I personally call the DANGOTE WONDERLAND. Not been there in a year and now it’s almost completed! Kudos to my brother Aliko Dangote.” Otedola last visited the site in January 2020. The $15 billion oil refinery will be one of the world’s biggest on completion. It is designed to process 650,000 barrels of crude daily. The complex will also house a fertilizer factory is estimated at $2.5 billion. They will be powered by gas, which will be sent from the Nige...
Dangote Says His Ex-Girlfriend Tried To Extort $5 Million From Him
Scandals and Rumours

Dangote Says His Ex-Girlfriend Tried To Extort $5 Million From Him

Africa’s richest man, Alike Dangote, has told a U.S. court how his former American girlfriend, who exposed a part of his body via a social media post, is trying to extort $5 million from him. PREMIUM TIMES exclusively obtained the documents of a civil suit he filed with a pseudonym against the lady identified as Autumn Spikes at a Miami-Dade County Court in Florida, United States of America. The wealthy businessman used the pseudonym, John Doe, with AD, that stands for the ‘acronym’ for his name, Aliko Dangote, as his alias. He seeks “excess of $30,000” in damages against Ms Spikes. One of the court documents filed by the plaintiff on January 22, is titled, ‘Complaint petition for declaratory judgment complaint for (about) extortion petition for injunctive relief’. The d...
Dangote’s Side Chick Exposes The Billionaire For Offering Her Money To Deny Their Relationship
Scandals and Rumours

Dangote’s Side Chick Exposes The Billionaire For Offering Her Money To Deny Their Relationship

  Autumn Spikes, the lady who came out few months ago claiming to be the girlfriend of Africa’s Richest Man–Aliko Dangote, has exposed the billionaire for trying to shut her up about their relationship. She disclosed on her social media page how the business mogul and his lawyers tried to persuade her with monthly salary to stop making public her relationship with Dangote. Few months ago, Autumn released photos and videos of what looked like a sexual affair with Dangote which went viral. She said she was accused of tarnishing the image of the businessman and was forced to sign a non-disclosure agreement (NDA) which she refused. The lady wrote on her Instagram page that the lawyers of the Billionaire offered her 15k and 2,500 monthly to shut her up. “I Was Insultingly...
Before You Give A Pastor Your January Salary, Think About This – Daddy Freeze
Celebs

Before You Give A Pastor Your January Salary, Think About This – Daddy Freeze

  Aliko Dangote, a Nigerian, has been named the Africa’s richest man for the tenth consecutive year, according to the 2021 Forbes’ Africa Billionaires List released on Friday January 22. The leader of free nation church Daddy Freeze reacting to the list tells Nigerians that before they give out their January salary to a pastor, they should think carefully about Dangote being the richest man in Africa for tenth consecutive year without paying tithes, giving first fruit or sowing dangerous seeds. In his words: "Aliko Dangote remains the richest man in Africa for the 10th consecutive year, without paying tithes, giving first fruit or sowing dangerous seeds. The only other Nigerian on the top 5 is Otunba Mike Adenuga who I also believe doesn’t pay tithes or first fruit. Be...
Dangote Drives Himself To Pastor Ituah’s Place On Condolence Visit
News

Dangote Drives Himself To Pastor Ituah’s Place On Condolence Visit

Unlike lots of rich people, Africa’s richest man, Alhaji Aliko Dangote, seems to like driving himself. Chairman of Ovation media group, Dele Momodu, has shared videos of the billionaire paying a condolence visit to Pastor Ituah Ighodalo over the death of his wife, Ibidunni, who died on Sunday, June 14th. The video shows him making his way to his gray G-Wagon car, with no aide in sight. Watch the videos below…
I Didn’t Inherit Any Money From My Father, I Built My Empire – Dangote
Business

I Didn’t Inherit Any Money From My Father, I Built My Empire – Dangote

 Africa’s richest man, Aliko Dangote has revealed in a new interview that he did not inherit any penny from his father but rather built his empire from scratch. Aliko Dangote is valued at $14B by Forbes making him the 95th richest person in the world. He has the largest cement company in Africa and his refinery in Ibeju-Lekki when completed is set to be one of the largest in the world. He noted that his father was also rich but he did not allow the wealthy to get into his head as he strove to build his. Watch the video below:
Dangote Moves To Purchase 10,000 Trucks From Indonesia
Business

Dangote Moves To Purchase 10,000 Trucks From Indonesia

Dangote Group has concluded plans to purchase 10,000 Indonesian-made light pickup trucks. The trucks, called the rural multipurpose mechanical tool, are expected to be marketed in Nigeria. Indonesian Industry Ministry’s Director of Maritime Industry, Transportation Equipment and Defense Equipment, Putu Juli Ardika, said that the vehicles would be purchased by Dangote through his company, Dangote Group. Putu explained that Dangote Group was very interested in importing the trucks, also known as the AMMdes to provide more affordable means of transportation to rural people in Nigeria. The director explained that the company was interested in the multipurpose vehicles to carry water and cassava and seed processors. Putu said: “Dangote’s team will check three units as a sample t...
Aliko Dangote Plans U.S. Office To Help Diversify Wealth
Business

Aliko Dangote Plans U.S. Office To Help Diversify Wealth

Aliko Dangote, Africa’s richest man, plans to take office space in New York to help diversify his investments and avoid the risk of currency fluctuations on his home continent. The owner of the biggest cement company in sub-Saharan Africa will use the base and an existing one in London to become more global after the completion of a $12 billion, 650,000 barrel-a-day refinery currently under construction in Nigeria. “In Africa, you know we have issues of devaluation, so we want to really preserve some of the family’s wealth,” Dangote told Bloomberg TV’s David Rubenstein Show. The 62-year-old Nigerian businessman became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. With a net worth of about $15 billion, he is ra...
UNGA74: Buhari Meets Bill Gates, Dangote In New York (Photos)
Politics

UNGA74: Buhari Meets Bill Gates, Dangote In New York (Photos)

President Muhammadu Buhari, Wednesday night, met with American business magnate, Bill Gates; and Africa’s richest man, Alhaji Aliko Dangote, in New York. The President met the duo at the sidelines of the ongoing 74th United Nations General Assembly (UNGA74) in the United States. The meeting of the trio was disclosed in a statement sighted on the verified Twitter handle of the Nigerian government, @NigeriaGov. According to the statement, Buhari applauded the contributions of Bill and Melinda Gates Foundation, and Aliko Dangote Foundation to humanitarian and developmental activities in Nigeria. The President said they have touched humanity in many positive ways, and congratulated them “for achieving what you had set out to do.”
“Bill Gates Turned Me Into A Different Person” – Dangote
News

“Bill Gates Turned Me Into A Different Person” – Dangote

Africa’s richest man, Aliko Dangote, has said that his meeting with billionaire philanthropist, Bill Gates, turned him into a different person. Dangote said this on Wednesday as a discussant at the 2019 Goalkeepers’ event hosted by the Bill and Melinda Gates Foundation in New York, US. “When I started my foundation in 1994, I never realised we had this massive challenge in the health sector,” Dangote said. “Really, it was mind-boggling when we had this agreement to collaborate with the Bill and Melinda Gates Foundation and that really opened my eyes to realise that there are a lot of challenges in health. “At that time I didn’t have the opportunity of meeting Bill but meeting Bill changed me into a different person. This is somebody that has nothing to do with us in Africa ...
UN Sec-Gen Names Dangote, Adesina, Others To Fight Global Malnutrition
Politics

UN Sec-Gen Names Dangote, Adesina, Others To Fight Global Malnutrition

United Nations Secretary-General, António Guterres, has appointed Africa’s richest man, Aliko Dangote, president of the African Development Bank, Akinwumi Adesina, and 25 others to lead the fight against global malnutrition. This was contained in a statement by the Scaling Up Nutrition SUN Movement, an initiative of the UN Secretary-General launched in 2010. According to the movement, one in three people suffer from malnutrition the world over and 149 million girls and boys are stunted, hence the job of the global leaders would be to support country-led efforts to scale up nutrition and to deliver for girls, boys and their families to ensure a world free from malnutrition by 2030. The appointments remain valid until July 2021. See the full list below: 1. Akinwumi ADESINA...
VIDEO: I Cannot Date Shatta Bandle; He’s Not My Taste – Fantana
Celebs

VIDEO: I Cannot Date Shatta Bandle; He’s Not My Taste – Fantana

Unlike Hajia4Real, MzVee and other Ghanaian women who are dying to have Africa’s richest man, Shatta Bandle, Rufftown’s Fantana says he is not her kind of man. According to Fantana in an interview with Zionfelix, Shatta Bandle’s appearance doesn’t fit in the category her kind of man and for that matter, she cannot date him. Fantana stated that even though Shatta Bandle claims to have money but looks and appearance matter to her which is the reason why she cannot be in a relationship with him. Fantana added that she wouldn’t mind featuring him in her music videos since he has become one of the funniest social media sensations. Skip to duration 29:49 to watch Fantana on why she cannot date Shatta Bandle. https://www.youtube.com/watch?v=VSO0CNMF9F4
Aliko Dangote Takes Ice Cream, Catches Gelato Bug
Lifestyle

Aliko Dangote Takes Ice Cream, Catches Gelato Bug

Africa’s richest man, billionaire Aliko Dangote and his friends have joined the Gelato trend as seen in a video which shows them having some ice cream. The video was shared by billionaire Femi Otedola, the father of DJ Cuppy who recently released a new single titled Gelato. Gelato features Zanku master, Zlatan Ibile who laced the dance track with some nice rap. WATCH Video Below
Xenophobia: Aliko Dangote Speaks On Reprisal Attacks
News

Xenophobia: Aliko Dangote Speaks On Reprisal Attacks

Africa's richest man, Alhaji Aliko Dangote, has condemned the recent xenophobic attacks on Nigerians living in South Africa. The chairman of Dangote Group also condemned the reprisal attacks being carried out by Nigerians on South African companies in the country. We had reported that properties worth millions of naira, belonging to Nigerians in South Africa, were set ablaze with many others looted by South Africans. President of the Nigeria Union in South Africa, Comrade Adetola Olubajo, said the attacks began on Sunday morning in Jeppestown area of Johannesburg. Mr Olubajo said in a statement that the mob “looted several shops owned by foreign nationals”, adding, ”but the police later dispersed the angry mob and made some arrest.” Nigerians have reacted to the attacks ...
Dangote Redeems $50,000 Pledge To Super Eagles
Sport

Dangote Redeems $50,000 Pledge To Super Eagles

The president of Dangote Group, Aliko Dangote, has redeemed his $50,000 pledge to the Super Eagles. Dangote, who was represented by the Group Managing Director and Chief Executive of Dangote Industries Limited (DIL), Mr. Olakunle Alake, presented the cheque to the national team officials at his office, in Ikoyi, Lagos. It would be recalled that Amaju Pinnick, the President of the Nigerian Football Federation (NFF) had revealed during the just concluded African Cup of Nations that Africa’s richest businessman, Aliko Dangote promised $50,000 for every goal scored during their Semi-Final match against Algeria while Femi Otedola promised to pay $25,000 per goal for the same match. Dangote promised to continue his support to the development of sports in Nigeria. The Nigerian Football ...
Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019
News

Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019

Aliko Dangote, president of Dangote Group, will own 50,000 cows by 2019, and produce 500 million litres of milk per year. The group, principally owned by Africa’s richest man, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production in the next three years. According to World Health Organisation (WHO) estimates, Nigeria needs about 1.5 billion litres of milk annually. US department of agriculture also puts Nigeria’s “insufficient” milk import at $225 million per year, stating that the country’s dairy market has a potential in excess of $3 billion. With Dangote’s drive, the group will produce a third of the country’s ideal demand and nearly all of its current import. According to Bloomberg, the company seeks to expand and deal with a shortage of...
No Country Can Survive With Republic Of Benin As Neighbour – Dangote
News

No Country Can Survive With Republic Of Benin As Neighbour – Dangote

Africa’s richest man, Aliko Dangote, has berated the volume of smuggled goods coming into Nigeria through the Republic of Benin. Dangote spoke at a stakeholders’ session in Lagos between the private sector and the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele. He said smuggling activities from the Benin Republic route is killing manufacturing in Nigeria. His words: “Smuggling is killing Nigeria and most of these smuggled goods come from the Benin Republic. There is no country that can survive with Benin Republic as a neighbour.
“Dangote Will Now Be My Father” – Teni Meet With Dangote, Changes Her Song Lyrics
Celebs

“Dangote Will Now Be My Father” – Teni Meet With Dangote, Changes Her Song Lyrics

Popular musician Teni meet with the richest man In Africa Dangote at an event as she sings and makes him laugh with her jokes. He denied one of his songs lyrics that says "But my papa no be Dangote" but now after meeting with Dangote she said Dangote must be his father. The richest man just laugh with his colleagues. Watch the Video below   View this post on Instagram   Meeting with the Richest man in Africa #Teni denies her song's lyrics, changes her name to Dangote. A post shared by Our Talk Room (@ourtalkroom) on Apr 14, 2019 at 2:46pm PDT
See The Time It Would Take Dangote To Pay Off His ₦792m Bugatti Veyron
Uncategorized

See The Time It Would Take Dangote To Pay Off His ₦792m Bugatti Veyron

Nigerian business magnate and investor, Aliko Dangote, As of March 2019, the richest man in Africa and 100th in the world, had an estimated net worth of US$10.6 billion. He has retained his position as the richest man in Africa for eight consecutive years. To celebrate his birthday, We want you see the time it would take the gentleman to earn his amazing $2.3 million Bugatti Veyron in hours, minutes and seconds. Using the Forbes Top 100 earners, Price-comparison website, GoCompare , used the increase in total net worth that Aliko Dangote has accumulated over a twelve month period between 2017 and 2018. According to GoCompare,the Chairman of Dangote Group, Aliko Dangote, whose net worth was $11.6b at the time of compiling its list, will need just 1314:00:00 to pay off his $2.2m...
Aliko Dangote Celebrates His 62nd Birthday Today
Uncategorized

Aliko Dangote Celebrates His 62nd Birthday Today

Aliko Dangote GCON (born 10 April 1957) is a Nigerian business magnate, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries. As of March 2019, he had an estimated net worth of US$10.6 billion. Dangote is ranked by Forbes magazine as the 100th-richest person in the world and the richest in Africa, and peaked on the list as the 23rd-richest person in the world in 2014. He surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over $2.6 billion to become the world's richest person of African descent. Early life Aliko Dangote, an ethnic Hausa Muslim from Kano, Kano State, was born on the 10th of April 1957 into a wealthy Muslim family. He is the great-grandson of Alhaji Alhassan Dantata, the riche...
Our Refinery Will Transform Nigeria’s Economy – Dangote
News

Our Refinery Will Transform Nigeria’s Economy – Dangote

Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has said his refinery, one of the world largest, when completed, will transform Nigeria’s economy. He stated this at the weekend at Dangote Group Special Day at the 40th Kaduna International Trade Fair. Represented by the Group Executive Director (GED), Strategy and Government Relations, Dagote Group, Mansur Ahmed, the billionaire businessman also said the Dangote Cement, Salt, Sugar as well as other food products have continued to play key roles in ensuring food security and improve lives of Nigerians. The refinery located in Lekki, Lagos State, is expected to produce 65.4 million litres of petrol, diesel, aviation jet fuel and Kerosene daily in high volumes. He said petroleum products are planned t...
Dangote: North Will Remain Poor Except…
Uncategorized

Dangote: North Will Remain Poor Except…

African richest and Chairman of Dangote Group of Companies, Alhaji Aliko Dangote has said Northern Nigeria will continue to remain poor except states governments move to close the development gap between the north and the south. Dangote, who spoke at the 4th edition of the Kaduna Investment Summit (KadInvest 4.0) in Kaduna on Wednesday, berated Northern governors for doing little to end poverty in the region. According to him: “Nigeria is ranked at 157th out of 189 countries on the human development index. While the overall socio-economic condition in the country is a cause for concern, the regional disparities are in fact very alarming. “In the North Western and North Eastern parts of Nigeria, more than 60 per cent of the population lives in extreme poverty. “It is instruc...
Dangote To Bid For Chelsea Football Club, If Stan Kroenke Fails To Sell Arsenal
Uncategorized

Dangote To Bid For Chelsea Football Club, If Stan Kroenke Fails To Sell Arsenal

Is Dangote offering to buy Chelsea? Africa’s Richest man drops hint Nigeria’s richest man and Arsenal FC supporter, Aliko Dangote has revealed he might be interested in owning another football club if his offer to buy the London club yet again fails. Dangote expressed his interest to acquire Arsenal back in 2017 and has continued to make open advances for a deal should majority shares owner Stan Kroenke be willing to listen. Arsenal is worth $2.5billion and are the most profitable football team in the world behind Manchester United, but it shouldn’t be a problem for the Fulani Business Magnate whose current net worth is put at $10.4 billion, per Forbes.comIn an interview last year in Singapore, Dangote restated his desire to make another bid to buy the Gunners because ‘I am very ...
Meet The World Billionaires Of 2019 – Forbes
News

Meet The World Billionaires Of 2019 – Forbes

Capitalism is taking some lumps—and not just in the headlines. For only the second year in a decade, both the number of billionaires and their total wealth shrank, proving that even the wealthiest are not immune to economic forces and weak stock markets. By our latest count there are 2,153 billionaires, 55 fewer than a year ago. Of those, a record 994, or 46%, are poorer (relatively speaking) than they were last year. In total, the ultra-rich are worth $8.7 trillion, down $400 billion from 2018. Altogether 11% of last year’s list members, or 247 people, dropped out of the ranks, the most since 2009 at the height of the global financial crisis. Asia-Pacific was hardest hit, with 60 fewer 10-figure fortunes. That dip was led by China, which has 49 fewer billionaires than a year ago. E...
Dangote Now 64th Richest Person In The World – Bloomberg
News

Dangote Now 64th Richest Person In The World – Bloomberg

President of Dangote Group, Aliko Dangote has significantly moved up in the World billionaires’ list as he emerged 64th richest person in the world, with an estimated worth of $16.6 billion, as against his previous ranking of 103rd in the world. Dangote, who remains the richest man in Africa for the 8th year running, was the only Nigerian on the list of the top 500 billionaires, as released last week by Bloomberg in its yearly billionaires list. Jeff Bezos remains the richest in the world with $136 billion in his kitty while Bill Gates and Warren Buffett followed as 2nd and 3rd respectively with $98.4 billion and $83 billion on the world billionaires chart, which is dominated by North Americans. Dangote’s estimated worth in the latest Bloomberg ranking far outstrips an earlier...
Why Dangote Was Dropped As Buhari’s Campaign Adviser
Politics

Why Dangote Was Dropped As Buhari’s Campaign Adviser

A quiet protest by Africa’s richest man, Alhaji Aliko Dangote, against his inclusion on the President Muhammadu Buhari’s Presidential Campaign Council was what pushed the presidency to quickly remove him, The Guardian learnt yesterday. Also, Buhari and the All Progressives Congress (APC) have been accused of seeking to drag Dangote’s name in the mud, and coercing him onto the presidential campaign committee. The APC on Friday made public the names of members of its Presidential Campaign Council for the 2019 elections through a press statement by the Special Adviser to the President on Media and Publicity, Femi Adeshina. On the Special Advisory Committee To the President, which the Vice President, Prof. Yemi Osinbajo chairs, Dangote was initially listed as a member, alongside A...
Dangote To Buy Another Club If Kroenke Doesn’t Sell Arsenal
Sport

Dangote To Buy Another Club If Kroenke Doesn’t Sell Arsenal

Aliko Dangote, Africa’s richest man, had said he will consider buying a football club other than London-based Arsenal if controlling shareholder Stan Kroenke refuses to sell. Dangote has long said he wants to buy the Premier League team, of which he’s a fan, but only after he’s completed one of the world’s biggest oil refineries in Lagos. “By the time we’ve finished, we’ll be a $30bn company in terms of revenue,” he said in an interview with Bloomberg TV at the New Economy Forum in Singapore. “We’ll have an excess amount of cash to start playing around with.” Kroenke owns almost all of Arsenal after buying Russian billionaire Alisher Usmanov’s 30 per cent stake in August in a deal that valued the club at about £1.8bn. It was funded with a £557m , two-year loan from Deutsche Ba...
Aliko Dangote Is Far More Influential And Powerful Than President Buhari – Senator Ben Bruce
Politics

Aliko Dangote Is Far More Influential And Powerful Than President Buhari – Senator Ben Bruce

Senator Ben Murray Bruce, on Thursday said Africa’s richest man, Aliko Dangote is far more influential and powerful than President Buhari.   Ben Bruce in a tweet, stated that power does not only comes from political offices,  as Nigerian politicians need a paradigm shift.   In his words, 'why do politicians think power only comes from political offices? Buhari isn’t the most powerful Nigerian. Aliko Dangote is far more influential and powerful than him. Our politicians need a paradigm shift. Don’t hold on to power. Hold on to honour and power will ever follow you
‘Even Dangote Is My Asset, I Am Richer Than Him’ – Oluwo Of Iwoland, Rasheed Akanbi
Lifestyle

‘Even Dangote Is My Asset, I Am Richer Than Him’ – Oluwo Of Iwoland, Rasheed Akanbi

Flamboyant monarch, Oluwo of Iwoland, Oba Abdul Rasheed Akanbi has declared himself the richest man saying, 'I want to tell you that no one is richer than the king'.   He then went on to say, 'you are all part of my assets. If the richest one is my child. Whose asset is he carrying? Even, Dangote is my asset, I am richer than him'. Read his full post below...   Unlike the Yoruba adage “Erin ki fon, ki omo re tun fon”. (Asipa owe ni) As required of a responsible, passionate and compassionate father for his subjects, i pray that, they(subjects) should be greater than me. The strength of my asset is measured by the greatness of my children. kings are fathers to all, of which their greatness is my glory. I want to tell you that no one is richer than the king. You ...
Dangote Emerges Only Nigerian On 2018 Forbes World Most Powerful People
News

Dangote Emerges Only Nigerian On 2018 Forbes World Most Powerful People

Of the nearly 7.5 billion people on the planet, Forbes has identified one person out of every 100 million whose actions mean the most. Africa’s richest man and Nigerian business mogul, Alhaji Aliko Dangote was the only Nigerian to make the 75 Most Powerful People in 2018, according to a list released by Forbes. He’s pegged on 66th position coming a spot ahead of Vice President of the United States of America, Mike Pence who’s pegged on number 67 on the list.
Dangote Acquires Gas Processing Company in Netherlands
News

Dangote Acquires Gas Processing Company in Netherlands

Africa's richest man, Aliko Dangote has completed the acquisition of Twister B.V., a gas processing company headquartered in the Netherlands. A statement by his company, Dangote Industries Limited (DIL) announcing the new acquisition, says the new company would help design and build the gas plants which would be critical in processing gas from oil fields for transportation via Dangote’s planned sub-sea pipeline (EWOGGS) for ultimate consumption by various industries and power plants. The statement quotes Dangote as saying “This was an important acquisition for us. Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about 3bcfd of gas in order to meet Nigeria’s gas needs.” Chief Executive Officer of Twister, John Young who also spoke...
Aliko Dangote Debunks Death Rumours
News

Aliko Dangote Debunks Death Rumours

Africa’s richest man, Aliko Dangote has debunked rumours making the rounds that he has passed on. The report what published by a German news medium DW-TV3. It reported that the industrialist died after a short illness in Germany. The billionaire reacted to the rumours in a tweet on Sunday afternoon. “I am hale, hearty and alive. Please disregard malicious report saying otherwise. Thank you,” he tweeted.
Aliko Dangote Plans to Buy Arsenal ‘Within Four Years’
Sport

Aliko Dangote Plans to Buy Arsenal ‘Within Four Years’

Africa's richest man Aliko Dangote has reiterated his intention to buy Arsenal, but insists any takeover will take "three to four years". The 59-year-old, a lifelong Arsenal fan who has a net worth of $16.7bn (£12.86bn) has previously stated his plans to purchase the Premier League club, but will wait for gas and oil investments to develop before focusing his efforts on North London. "Maybe three to four years," he told Bloomberg TV. "The issue is that we have more challenging headwinds. I need to get those out the way first and start having tailwinds. Then I'll focus on this. It's not about buying Arsenal and just continuing with business as usual. "It's about buying Arsenal and turning it around. I've run a very successful business and I think I can also run a very successful te...
Despite The Size of my Group, I Need 38 Visas to Move Around Africa – Aliko Dangote
News

Despite The Size of my Group, I Need 38 Visas to Move Around Africa – Aliko Dangote

Africa's richest man, Aliko Dangote says despite the large size of his group, he still requires to have 38 visas to move around the African continent. In an interview with CNBC, Dangote said African leaders need to work to remove barriers such as visa issuance so that businesses can effectively connect and thrive within the continent. ''Our leaders must give incentives. For example, little things like visa issuance. You go to a country that is looking for investment, that particular country will give you a run around just to get a visa. You have to know somebody who is big in that country to call somebody. They are giving you visas as if it is a favour. Somebody like me, despite the size of our group, I need 38 visas to move around Africa. Yes, I’ve heard that they are going to do the (A...
Nigeria’s Economy Still Number One in Africa – Dangote
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Nigeria’s Economy Still Number One in Africa – Dangote

The President of Dangote Group and Africa’s richest man, Aliko Dangote has said Nigeria remains the number one economy in Africa, despite recent economic challenges. Speaking at the 2016 Presidential Policy Dialogue session, organised by the Lagos Chamber of Commerce and Industry Dangote said he is optimistic that Nigeria will soon overcome the challenges and remain stronger. According to him the problem with the economy did not start with this current administration while he maintains faith that the country is still the best place to invest. On Wednesday, Bloomberg reported that South Africa has now overtaken Nigeria to regain its position as Africa’s largest economy due to the continued depreciation of the naira against the dollar. The news agency used the data by the International...

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