Friday, December 3

Tag: Dangote

Dangote Commits $700 Million To Sugar Production
Business

Dangote Commits $700 Million To Sugar Production

The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make Nigeria self-sufficient in sugar production. According to a statement issued on Sunday by Dangote Industries Limited, the company disclosed this to visiting members of the Nasarawa House of Assembly on Friday. The company noted that Nigeria was one of the sub-Saharan Africa’s largest importers of sugar, second only to South Africa with an annual import of over $337m. The Dangote Sugar management however assured the lawmakers that with the completion of its sugar projects in Nasarawa and Adamawa under the BIP, the nation would be saved more than half of the forex expended on sugar imports annually. ...
Ganduje, Others Reconcile Dangote, BUA Over Sugar Plant
Business

Ganduje, Others Reconcile Dangote, BUA Over Sugar Plant

Governor Abdullahi Ganduje of Kano state has waded into the dispute between Dangote and BUA companies owned by two business moguls from the state. This is in order to resolve the lingering conflict among the two Kano State prominent indigenes Aliko Dangote and Abdussamad Isyaka-Rabi’u over the establishment of a Sugar plant by BUA. A statement by Abba Anwar, the Chief Press Secretary to the governor on Thursday in Kano, said the reconciliation meeting took place on Wednesday in Abuja. He said that Alhaji Aminu Dantata, Kano Emirate and the Kano State Council of Imams joined the governor in the reconciliation meeting. The News Agency of Nigeria (NAN) recalls that recently there were reports that Dangote complained about the establishment of a sugar plant by BUA International...
Our Cement Price Is Lower In Nigeria Than Other Countries – Dangote
Business

Our Cement Price Is Lower In Nigeria Than Other Countries – Dangote

Management of Dangote Cement Plc has said yesterday that the price of its product per bag from the factory was between N2,450 in Obajana and Gboko, and N2,510 in Ibese, inclusive of VAT. The clarification came against the backdrop recent insinuations that the company sells cement in Nigeria at significantly higher prices relative to other countries, particularly Ghana and Zambia. Dangote’s Group Executive Director, Strategy, Portfolio Development & Capital Projects, Devakumar Edwin, who gave the clarification at an interface with journalists in Lagos, revealed that while a bag of cement sells for an equivalent of $5.1, including VAT in Nigeria, it sells for $7.2 in Ghana and $5.95 in Zambia ex-factory, inclusive of all taxes. He said that though the company has direct cont...
BUA’s Sugar Plantation: A Reply To Chika Mbonu By Perry Okolugbo
Business

BUA’s Sugar Plantation: A Reply To Chika Mbonu By Perry Okolugbo

BUA Sugar Plantation: Dangote, Flour Mills And Chika Mbonu’s Lies Busted Whilst banker turned TV analyst, chika mbonu was busy spewing lies about satellite imagery reminiscent of the infamous iraqi weapons of mass destruction saga, unbeknownst to him, journalists were on an unpaid media tour of the BUA Sugar Lafiagi plantation to see for themselves and also take pictures and videos that completely debunked his fake, clumsy claims of nothing being on ground. Lol. The truth was far different from what Mbonu was saying on TV. The plantation is being developed, the ethanol plant is completed and awaiting commissioning, construction of the sugar refinery is at 68percent and shoould be completed alongside the sugar mill in Q1, 2021. Nigerians begin to wonder why the continued onslaught...
Sugar: Dangote Can Do More, BUA Has Not Done Enough – Chika Mbonu
Business

Sugar: Dangote Can Do More, BUA Has Not Done Enough – Chika Mbonu

Chika Mbonu, an analyst on Arise TV’s business report, this morning took a quick drive into the current national conversation on local sugar production. The analyst took viewers through the key details of the plan while assessing the performance of all three stakeholders. His conclusion is the passion and drives that Dangote Sugar displays towards its refining business must be replicated in expanding its sugar production business. While acknowledging that Dangote actually has an operational sugar mill in Adamawa, Chika felt it should be much bigger right now, given Dangote’s profile. On BUA, He noted that there were gaps in the figures reported by BUA in its latest performance report and the satellite images obtained Arise TV. These satellite photos actually show that BUA has not...
Sugar War: Dangote Demands Sanction Against BUA
Business

Sugar War: Dangote Demands Sanction Against BUA

Facts have emerged on how Nigeria's biggest sugar producer, Dangote Industries Limited, alongside another producer, flour mills of Nigeria plc, approached the federal government to reprimand BUA, their rival in a bid to shut down its business. Correspondences exchanged between the companies and the federal ministry of trade and investment were exclusively obtained by POLITICS NIGERIA. Their grouse is against BUA's most recent sugar refinery plant in the Bundu Free Trade Zone, Portharcourt, Rivers state capital, which they accused of importing raw materials against regulations and the National Sugar Master Plan (NSMP) hinged on the backward integration plan. The development of NSMP commenced in 2008 under the administration of the late President Umaru Musa Yar’Adua but was approv...
Dangote Cement To Pay Over ₦97 Billion In Corporate Tax For 2020 Financial Year
Business

Dangote Cement To Pay Over ₦97 Billion In Corporate Tax For 2020 Financial Year

Africa's largest cement producer, Dangote Cement Plc has remained a major contributor to the economy with a tax charge of N97 billion for the financial year ended 31st December 2020, even as it proposed a dividend of N16 per share. According to the cement group's audited results released on the floor of the Nigerian Stock Exchange (NSE), the tax charge represents an increase of 95 per cent over the sum of N50 billion recorded in 2019. Dangote Cement's Nigerian operations during the period sold 15.9Mt for the full year 2020, compared to 14.1Mt in 2019. This includes both cement and clinker sales, which implies a 12.9 per cent growth for the full year 2020. Looking at the domestic sales alone, Nigerian operations sold 15.6Mt, up by 14.3 per cent year on year and resulting in an inc...
Dangote Fertiliser Plant To Commence Operations Next Week
News

Dangote Fertiliser Plant To Commence Operations Next Week

Aliko Dangote, chairman Dangote Group, says the $2 billion granulated urea fertiliser plant located at Ibeju Lekki, Lagos, will begin operations next week. He announced this in Lagos on Saturday, during a tour of facilities by Babajide Sanwo-Olu, governor of Lagos, at the Lekki Free Trade Zone and Dangote petrochemical refinery facilities. The billionaire businessman also disclosed that the refinery plant will be completed later this year and production will commence first quarter 2022. The fertiliser plant has a name-plate annual capacity of three million tons of urea and ammonia — largest in the world. It is also being constructed in the Lekki Free Trade Zone area which houses other plants and factories including the 650,000 barrels per day Dangote Refinery and Lekki ...
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. ...
‘Was Nigeria Created For Dangote Or Was Dangote Created For Nigeria?’ – FFK
Politics

‘Was Nigeria Created For Dangote Or Was Dangote Created For Nigeria?’ – FFK

The Nigerian government has allowed Dangote Cement to resume exports across its land borders which have been closed for over a year; and this has raised brows BUA Group and a gas company have also received presidential approval to move goods across the land borders, Joseph Attah, the spokesperson for Nigerian Customs, said. A number of Nigerians reacted asking the reason for this preferential treatment. Former Aviation Minister, Femi Fani-Kayode reacted on Instagram by sharing a photo of Dangote and writing: "During the Covid19 lockdown Dangote trucks were allowed to drive through Ogun state but everyone else was stopped. "Today Dangote trucks are allowed to go through our land borders but everyone else is stopped. "Was Nigeria created for Dangote or was Dangote created f...
Ban Tomato Importation – Dangote Tomato MD Tells FG
Business

Ban Tomato Importation – Dangote Tomato MD Tells FG

The Managing Director of Dangote Tomato Processing plant in Kadawa, Kano State, Abdulkarim Kaita has on Thursday called on the Federal government to ban importation of tomato paste like it ban rice importation into the country. This was as he decried importation of tomato paste which he said was still thriving as the commodity was being imported from Cameroon and Cotonour in Benin Republic. Kaita made the call while flagging off the distribution of tomato seedlings to 5,000 farmers under the Anchor Borrower of Central Bank of Nigeria on Thursday at Kadawa village in Kura LGA of the state. The MD also dropped hint that plans are underway by the company to ensure that Nigeria is self sufficient and positioned to export tomato by establishing the biggest greenhouse in Africa whic...
Samuel Ogundipe Resigns From Premium Times Over El-Rufai, Dangote Stories
News

Samuel Ogundipe Resigns From Premium Times Over El-Rufai, Dangote Stories

Samuel Ogundipe, a top Nigerian journalist in Abuja, has resigned from Premium Times. His resignation seems to be related to the story he did about Bello El-Rufai, who threatened to gang rape someone’s aged mother. El-Rufai’s son publicly threatened to deal with Samuel for writing the story, but Premium Times didn’t do anything about it. Weeks later, he tweeted about a document from Dangote that he received and his editor, Musikilu Mojeed, came online to attack him and threatened to punish him. Many people attacked Mojeed on social media for conducting himself unprofessionally. Samuel resigned a few weeks later and made his decision known on Twitter today, September 16. He has now started a new digital media outlet, Peoples Gazette, in Abuja. If this could happen at ...
Dangote not a co-owner of Executive Jets Services Ltd
News

Dangote not a co-owner of Executive Jets Services Ltd

Dangote has denied allegations that he is a co-owner of Executive Jets Services Ltd, an aviation company whose operating license was recently suspended indefinitely by the Ministry of Aviation after flouting lockdown guidelines for safety when it conveyed an artiste to Abuja for a concert.   A statement by Anthony Chiejina, Group Head, Branding and Corporate Communications, Dangote Group refuted claims that Alhaji Aliko Dangote is part owner of Executive Jets Services Ltd and further denied ownership of the Bombardier Challenger 605 with registration number 5N-EXS.   He said, “Our attention has been drawn to an online publication which alleged that our President/CE, Aliko Dangote is a co-owner of the Executive Jets Services Ltd, a private airline based in Lagos. We he...
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…
Okpella Mining Site: BUA Group Tells Dangote To Respect The Judicial Process
Business

Okpella Mining Site: BUA Group Tells Dangote To Respect The Judicial Process

BUA Group has described the publication of Dangote Group wherein it stated that BUA misinterpreted the fact about a pending court case as untrue and laden with fraught misrepresentations. A statement by BUA Group explained that Dangote, in its hurry to twist facts, failed to justify the alleged misinterpretation in its publication but stylishly stated that it has appealed the judgement whilst accepting the recent court order, which granted BUA the right to peaceful possession and operations of three of its mining sites in Obu, Okpella in Edo State. “In the said publication by Dangote Group, it was alleged that the initial publication of the BUA Group was riddled with misrepresentations and deliberate distortions of facts. We however note that the Dangote Group failed to identify any ...
Court Restrains Dangote, Police From Interfering With BUA Mining Sites
Business

Court Restrains Dangote, Police From Interfering With BUA Mining Sites

A Federal High Court in Benin City has restrained Dangote Industries and the Nigerian Police Force from interfering with BUA Group’s operations of the disputed Okpella mining sites in Okpella, Edo State in a judgement it delivered recently. A statement by the management of the company on Sunday recalled that BUA was legally operating on its mining sites before operations at three of those mines were abruptly disrupted by the Inspector General of Police and the Edo state Commissioner of Police on the order of Dangote Industries & Dangote Cement Plc in 2017. According to the statement, the court ordered the Inspector General of Police as 1st Respondent, Commissioner of Police, Edo State as 2nd Respondent, Dangote Industries, 3rd Respondent and Dangote Cement Plc as 4th Respondent t...
Oba Of Benin, Buhari, Dangote Couldn’t Reconcile Obaseki, Oshiomhole – Osunbor
News

Oba Of Benin, Buhari, Dangote Couldn’t Reconcile Obaseki, Oshiomhole – Osunbor

Prof. Oserheimen Osunbor, a former governor of Edo State at the weekend said efforts by President Muhammadu Buhari, Oba of Benin, Ewuare II and Alhaji Aliko Dangote and others to reconcile Governor Godwin Obaseki and Comrade Adams Oshiomhole, National Chairman of the ruling All Progressives Congress (APC) has not yielded any positive result. In a statement made available to Daily Independent, Osunbor also said it is unfortunate that the Reconciliation Committee set up by the National Executive Committee (NEC) of the party has not yielded the desired result with the governorship primaries less than a month away. Osunbor who said the signs ahead are not good also appeal to the party leaders and warring parties to sheathe their sword and avoid playing into the hands of the opposition ...
‘I Can Never Date Dangote’ – Popular Yoruba Actress Brags
Celebs

‘I Can Never Date Dangote’ – Popular Yoruba Actress Brags

Fast Rising US based Yoruba actress, Oyinkansola Emmanuel has opened up that she can never date Alhaji Aliko Dangote. According to her, she can never date Dangote, the richest black man in the world. She added that she can only date him if he has the qualities she wants in an ideal man. Oyinkansola made this known in an Instagram live interview with Newsman Gbolahan Adetayo. The interview was conducted on the 11th of May, 2020. When she was asked about her kind of man, the Nollywood star in the making said; “firstly, I will appreciate a God fearing man, who knows what it takes to have a woman at home as a wife. He must be very respectful and know how to treat me well.” ” I don’t want a man that will turn himself to Mike Tycson or Anthony Joshua in my marriage. Re...
‘You Must Not Be Slave To Dangote To Be Fulfilled’ – Fani-Kayode Fires Back At Gov Abiodun
Politics

‘You Must Not Be Slave To Dangote To Be Fulfilled’ – Fani-Kayode Fires Back At Gov Abiodun

Fani-Kayode asked whether some people are more equal than others. He said it is a crying shame that a few sons of the South West bow, quiver and tremble before their masters. He asked: “Are Dangote’s drivers and trucks immune to COVID-19? Will you give similar exemptions to southern businessmen and traders?; saying “Shame on you!” Reacting to critics, Gov Abiodun said he wondered why the exemption he granted Aliko Dangote Group of Companies has generated so much hues and cries. He told his critics, among whom was Fani-Kayode, to try and be like Dangote if they want to enjoy similar preferential treatment. While addressing a press conference in his Iperu residence on Monday, Abiodun said: So, if I give Dangote an exemption and you think he did not deserve it, you can choo...
“My Name Is Not On The List, Let Them Go And Rewrite It”, Cubana Chief Priest Replies Davido
Celebs

“My Name Is Not On The List, Let Them Go And Rewrite It”, Cubana Chief Priest Replies Davido

The popular Nigerian singer David Adeleke popularly known by his stage name Davido posted the official list of those who contributed to the Nigerian government in order to fight Covid-19 pandemic. The list included the names of top Nigerian billionaires like Dangote, Femi Otedola and Deji Adeleke who happens to be Davido’s father. With regards to this, the famous celebrity popularly known as CubunaChief priest replied Davido’s post. On his reply he said, “I no see my name there, make them go rewrite am”. Looking at the list, you will find out Cubana Chief Priest’s name is not there.So the celebrity now replied Davido to tell them to rewrite the list. See Cubana’s reply to Davido’s post below. The total sum of the money contributed was about N15,000,000,000....
Dangote Set To Build 600-Bed Capacity Isolation Centre In Kano
Health

Dangote Set To Build 600-Bed Capacity Isolation Centre In Kano

Nigerian politician and governor of Kano state, Abdullahi Umar Ganduje has informed the general public on a imminent ICU centre yet to be built by the richest man in Africa, Alhaji Aliko Dangote. Africa richest man, Aliko Dangote The governor announced this at an inauguration of a fundraising committee. The 600-bed capacity ICU will help treat coronavirus patients and also cater for the sick or high risk people with a specific ailment.
Buhari Praises Dangote, Elumelu, Atiku, Banks and Other For Donations
Politics

Buhari Praises Dangote, Elumelu, Atiku, Banks and Other For Donations

BATTLE AGAINST COVID-19: PRESIDENT BUHARI THUMBS UP ELUMELU, RABIU, DANGOTE, ATIKU, BANKS, OTHERS President Muhammadu Buhari has saluted the public-spiritedness of wealthy Nigerians and organizations for standing up to be counted in the battle against the Covid-19 pandemic. The President commends members of the Nigerian Private Sector Coalition Against Covid-19, made of people like Aliko Dangote, Abdulsamad Rabiu of BUA Group, Femi Otedola, Tony Elumelu, Herbert Wigwe, Segun Agbaje and Jim Ovia of UBA, Access, GT, and Zenith Banks, respectively, for contributing N1 billion each, and being in the vanguard of encouraging others in the private sector to do same. UBA has equally donated the sum of N5 billion to Nigeria and Africa, former Vice President Atiku Abubakar has pledged N50 m...
Dangote Loses $2.5bn In One Month – Bloomberg
Business

Dangote Loses $2.5bn In One Month – Bloomberg

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by $2.5bn in the last 30 days, according to Bloomberg Billionaires Index. The index, which is a ranking of the world’s 500 richest people, showed that his wealth fell from $15.9bn as of February 25, 2020, to $13.4bn on March 26. It had risen to a high of $16.5bn on January 27. He was the only Nigerian on the list of 500 billionaires and retained his position as Africa’s richest person. “Africa’s richest person controls Dangote Industries, a closely held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N901.2bn ($2.5bn) in 2018. It also has interests in sugar, salt, flour, fertiliser and pack...
Dangote Eating Watermelon And Suya; Enjoyment Is Not Expensive
Lifestyle

Dangote Eating Watermelon And Suya; Enjoyment Is Not Expensive

The World Richest Black Man Eating Suya and Watermelon. The world’s richest black man shows enjoyment is not expensive by eating just suya and watermelon, washing it down with a glass of juice. Most persons feel that for one to enjoy the best things in life you have to spend extravagantly, but Aliko Dangote Africa’s richest man and the world’s richest black man proved the theory wrong by relaxing with just a plate of suya, watermelon with a glass of juice. This is a refreshment delicacy any average Nigerian man can afford, and dangote has proven enjoyment is not expensive.
Only poor people ask Nigerian celebs how they make their money – Swanky Jerry defends Toke Makinwa
Celebs

Only poor people ask Nigerian celebs how they make their money – Swanky Jerry defends Toke Makinwa

Celebrity Stylist, Swanky Jerry, says it is only poor people that go about questioning the source of income of Nigerian celebrities. In a post shared on his IG page, Swanky said rich people never ask how celebs make their money but it is only those who have not eaten well enough that make such inquiries. Making particular reference to those who question the sources of income of Toke Makinwa and Hushpuppi, Swanky wrote: It’s so funny how you never see a rich person asking how celebs make their money ... it’s mostly people who never chop bellyful asking these questions .... Why must celebrities be your only inspiration ? There are people like dangote , folorunsho alakija , femi otedola , mark Zuckerberg , bill gates ,and many more that could inspire you ..... shebi you know their source...
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...
Apostle Omotosho Releases Shocking 57 Prophecies About Dangote, Otedola, Oshiomhole And Others
Religion

Apostle Omotosho Releases Shocking 57 Prophecies About Dangote, Otedola, Oshiomhole And Others

The Apostle with prophetic mantle, Apostle Omotosho Tope Joseph has reeled out fresh prophecies for 2020 which covers Nigeria in particular and the world at Large. In an exclusive chat with me, he unfolded his predictions for 2020. It would be recalled that over the years, he has given lot of prophecies which bothers on the state of the nation , the world and all sectors of the economy. Here is the prophecy as received from him: PROPHECY ALERT 2020 2020 is going to be great year for the children of God and a year of repentance for sinners. 1) Let us pray against the death of a prominent Islamic scholar and a Pastor. Let us pray against religious crisis in Nigeria. I see mosques being attacked by Christians and churches being attacked by muslims. I see Kaduna crisis coming up ag...
Dangote To Renovate MKO Abiola Stadium
News

Dangote To Renovate MKO Abiola Stadium

The minister for youth and sports development, Sunday Dare, has stated that foremost Nigerian businessman, Aliko Dangote, is set to renovate the MKO Abiola Stadium, Abuja. He made this known while fielding questions from journalists on Thursday, 7th November. His words: “Yes, Abuja is coming back up,” he said. “Already we have gotten Dangote, I can say that he has agreed to bring back the Abuja football pitch, the light and scoreboard. “Work will start in another one week or two weeks. “And we will use the same model, we will adopt the pitch model for several of our stadia. At least, the three other big ones. “We are looking at between now and March we should have four big stadia, foot scoreboard, FIFA scoreboard “And I think given time, within a year this country shoul...
Nigeria Will Start Exporting Rice Soon – Dangote
Uncategorized

Nigeria Will Start Exporting Rice Soon – Dangote

The Dangote Group has pledged to change Nigeria from a nation that imports rice to a major exporter of the staple food. The group said that its 150,000 hectares rice farmlands in Jigawa, Kano, Kebbi, Nasarawa, Niger, Sokoto, and Zamfara States as well as 10 rice mills it was establishing in different parts of the country would deliver one million tons of rice annually. This was disclosed by Dangote Group’s Executive Director, Kunt Ulvmoen, when he spoke to captains of commerce and industry during the Dangote’s Special Day, at the ongoing 33rd Lagos International Trade Fair. According to Mr Ulvmoen, the group had been known to be the number one in rice business in Nigeria until it took the decision to terminate any commodity trading that would not achieve value addition on loca...
SymbasErothick drools over photo of Burna Boy as she directs her attention from Dangote to him
Entertainment

SymbasErothick drools over photo of Burna Boy as she directs her attention from Dangote to him

Sibongile Cummings, popularly known as SymbasErothick, has directed her attention towards Burna Boy since Africa's richest man Alh. Aliko Dangote is "always too busy" for her. The curvy Instagram model, who regularly speaks about her admiration for Dangote, turned her attention towards Burna Boy and made explicit comments about his male member. She shared a photo that shows an outline of Burna's male member then she proceeded to make comments about him sexually. She wrote: "I think it's time to break fast. is anyone hungry?? I love his music #dontyou. #sorrydangote but your always too busy for me or they keep saying I'm too muhh of a thot for you so guess what I need to have something juicy to sit on... I mean fall back on."
CNN Adverts: FG Must Punish Dangote, Zenithbank, Globacom – Bode George
Politics

CNN Adverts: FG Must Punish Dangote, Zenithbank, Globacom – Bode George

Owners and managers of Nigeria-domiciled companies whose products and services are meant for Nigerian consumption but are being advertised on expensive foreign media such as CNN and others have been described as shameless people on mere ego trip. Such companies must restrict their advertisements to local media and stop frittering away money in the names of adverts to foreign media such as Cable News Network (CNN). Speaking with Daily Independent in Lagos on Thursday, Chief Olabode George, a former Deputy National Chairman of the Peoples Democratic Party (PDP) said paying huge amounts in advertising local brands on international media does not make any economic, human or political sense. According to George, some companies guilty of this are ZenithBank, Dangote and Globacom network...
Dangote To Empower 106,000 Women With N1.1bn
News

Dangote To Empower 106,000 Women With N1.1bn

The Aliko Dangote Foundation is set to empower 106,000 women across four states in the north with N1.1 billion. Towards achieving this women empowerment scheme, ADF has already commenced the iden-tification of eligible beneficiaries, towards the implementation of the programme across these states. The foundation will empower 23,000 women in Sokoto, 34,000 women in Katsina, 21,000 women in Kebbi and 28,000 women in Zamfara. The programme is a N10bn programme that targets 1million indigent and vulnerable women. It was launched in Kano State in 2011 and is being systematically rolled out nationwide to cover the 774 local government areas of the country. So far, 334,500 women and youths have benefitted from the programme across Kano, Jigawa, Kogi, Adamawa, Borno, Yobe, Lagos, Nasarawa a...
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...
“Why Nigeria’s Economy Cannot Grow” – Dangote
News

“Why Nigeria’s Economy Cannot Grow” – Dangote

Dangote urged government to promote import substitution for foreign exchange accumulation through proceeds from exports. President of Dangote Group, Aliko Dangote, has said the poor performance of the country’s power sector was hindering growth of the economy. Dangote spoke at a consultative roundtable session for public and private sector stakeholders organised by the Central Bank of Nigeria, CBN, in Lagos, weekend. According to Dangote, Nigeria had been struggling to increase its electricity output for the past 18 years without success. He urged the Federal Government to improve the sector, saying no business would thrive with business owners generating their own power. He said:- “How do you have economic growth without power? So, no power, no growth because without power...
If you Can’t Afford Pierre-Cardin tuxedo, Don’t come to me – Sharon Francis
Uncategorized

If you Can’t Afford Pierre-Cardin tuxedo, Don’t come to me – Sharon Francis

Actress, Oluchi Sharon Francis has revealed that not only does she have a penchant for great movies with beautiful themes, but she has no respect and love for any man that can’t afford to buy himself a Pierre-Cardin Tuxedo to grace the red-carpet. While speaking with Potpourri, Sharon Francis said: “It hasn’t been so rosy, I must say…but that big man up there has been faithful. My victories have been more than my obstacles because till date I’ve done so many movies that I can’t easily recall. But guess what? There isn’t a single movie of mine that has not been a blockbuster. I’ve starred in movies like ‘Street of Canaan’ , ‘Black Cats’ , Red Mafianm’, to mention a few” she added. She then stated that any man that is not financially stable and could not aff...
Man Who Wants To Dine With E-money And Dangote Receives N20k And Dangote Product
Uncategorized

Man Who Wants To Dine With E-money And Dangote Receives N20k And Dangote Product

Kokun Foundation gives man who desired to dine with E-money and Dangote; a dangote pasta, dangote sugar, dangote seasoning and 20,000 naira. Gistvic Reports. We could recall the man was wearing Tortoise mask that covers his head and face, with blue bag in Lagos as he said he wanted to eat with Emoney and Dangote with his phone number included. Kokun Foundation wrote: "Yesterday I saw something on @instablog9ja about a man who want to eat with EMoney and Dangote so commented that I would love to give him @dangotepasta, @dangotesugar @dangote_salt and @dangote_Danq and he was here this morning in our office and I did as I promised with cash of 20,000 Naira and wish him well !! Please don’t send me to him!! He’s number is there." Watch Video Below:   ...
“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
Why I Have no House Outside Nigeria – Dangote
Celebs

Why I Have no House Outside Nigeria – Dangote

Africa’s richest man, Aliko Dangote, has declared that he has no personal house outside Nigeria. The business mogul said this at the 2019 Mo Ibrahim Forum. Dangote hinted that he avoids luxury things “because they distract and take time”. Dangote said: “I don’t have any holiday home anywhere. I don’t have a house anywhere but I know people who are working for me…they have houses in London.” “But you see, a lot of people, even the younger ones, we need to be very careful because one of biggest issues with us as Africans is that we spend our projected incomes. “Once you start doing business [and] it starts doing well, but rather than for you to invest more in the business, you start spending thinking that profit will continue to come. “There are ups and downs in busines...
I Do Not Wear Pants Anymore – Nazo Ekezie
Celebs

I Do Not Wear Pants Anymore – Nazo Ekezie

Nollywood actress, Nazo Ekezie has declared that she is no longer wear pants, due to the high rate of rituals in the country. This was made known in a report by Sunnewsonline, where she revealed that she ditched the underwear so as to secure her destiny. She said; “I might sound cliché but I don’t wear pants anymore. I’m not going to joke with my destiny, and if I’m taking my clothes off anywhere, my underwear is going straight into my bag.” In the same report, the actress also spoke about her love life, revealing that she is desperately in need of a man who would love her for her. She said; “I’m single and available. I am looking for someone who fame doesn’t entice or affect. I want someone who would be patient enough to know me and not look at me from the movie angle. I w...
Court Jails Four Dangote Employees Over N15million Fraud
News

Court Jails Four Dangote Employees Over N15million Fraud

An Ogun State High Court sitting in Abeokuta, on Monday, sentenced four Dangote employees to various terms of imprisonment for stealing N15million belonging to their employer. Punch Metro had reported that Adewale Dalmeida, Ibrahim Lawal, Afeez Olaniba and Lukman Adam, on December 6, 2018, were arraigned before Justice O. J. Bamgbose on two counts of conspiracy and stealing by the Economic and Financial Crimes Commission, Lagos Zone. They had pleaded not guilty to the charges. However, on December 16, 2018, the defendants changed their plea to guilty after entering a plea bargain with the prosecution. According to the EFCC, a petition was received from the company that Dalmeida, a fleet analyst, whose job schedule included monitoring, tracking and reporting trucks of Dangote Cem...
Dangote, BUA Commend NFF’s Transparency on Falcons’ Cash
Sport

Dangote, BUA Commend NFF’s Transparency on Falcons’ Cash

Two big voices within Corporate Nigeria have thumbed up the Nigeria Football Federation for display of transparency with regards to the N50million and N25million windfalls from both organizations to the Super Falcons, following the team’s triumph at the Women Africa Cup of Nations in Ghana early last month. At a special event honouring the Federation’s sponsors and partners and the Super Falcons in Lagos, Mr. Olakunle Alake (Group Managing Director, Dangote Industries) and Otega Ogra (Group Head, Corporate Communications of BUA) and Tajudeen Ahmed (Group Head, Business Development of BUA) lauded the decision by the NFF to have the monies transferred directly to the beneficiaries. “We asked to transfer the money directly to the NFF but the leadership opted for direct payment to th...
Dangote Refinery To Save Nigeria From Dirty Fuels With Euro V Specification
News

Dangote Refinery To Save Nigeria From Dirty Fuels With Euro V Specification

Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification. Sulphur in petroleum fuels results in vehicle exhaust emissions that have negative impact on health and environment. Nigeria has continued to remain a home for fuels with very high sulphur contents (dirty fuels), and the presumed ban on such products happens not to be having any effect. Speaking on Promoting Efficiency & Clean Fuels in African Refining and Petrochemicals Market at the Oil Trading and Logistics (OTL) conference in Lagos on Tuesday, Dangote’s Group Executive Director, Devakumar Edwin, said Dangote Refinery is investing in most advanced units to...
NSE Market Indicators Record Marginal Gains
Aware

NSE Market Indicators Record Marginal Gains

Activities on the Nigerian Stock Exchange (NSE) improved on Tuesday with the market indicators appreciating marginally due to price gains by some blue chips. Nigerian Stock Exchange The market capitalisation rose by N242 billion or 2.04 per cent to close at N12.089 trillion against the N11.847 trillion recorded on Monday. Also, the All-Share Index rose by 704.27 points or 2.17 per cent to close at 33,114.44 from the 32,440.17 posted on Monday. Nestle led the price gainers’ table, gaining N95 to close at N1,495 per share. Dangote cement followed with a gain of N5 to close at N210, while International Breweries and Stanbic IBTC added N2 each to close at N32.5 and N44 per share, respectively. GTBank appreciated by N1.75 to close at N37 per share. On the other hand, Total Oil t...
Dangote’s Son In-law, Jamil Abubakar Impregnates His Side Chic, Irene Nwachukwu
Scandals and Rumours

Dangote’s Son In-law, Jamil Abubakar Impregnates His Side Chic, Irene Nwachukwu

The son of a former inspector general of Police who flies for a living has just recently welcomed a baby with a Lady named Irene Nwachukwu but there is serious Brouhaha ongoing as Stella Dimoko Korkus sources reveal that he has allegedly refused to take responsibilities for the little tot who is his spitting image According to a close source, Irene and Mr Jay met and started an affair around 2015 and had been intimate on several occasions which led to her being pregnant in August 2017. He then asked her to have an abortion and allegedly offered her over a million naira but she refused the money... Insiders say his reasons for not wanting the baby was that it’s a taboo to have a child out of wedlock in his religion and his family would never accept. The source says ''He made it clear t...
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.

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