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DANGOTE GROUP
news and analysis about Dangote Group
Africa’s richest man and CEO of Dangote Group, Aliko Dangote, has explained why his company decided to sell off its flour mill in Nigeria in 2019.
Dangote says firm will drop plan to invest in Nigeria’s steel industry to avoid monopoly allegations
The President and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote, has announced that the company will...
Dangote Group has revealed that it is targeting around $30 billion in revenues by the year 2025 whilst projecting to become the largest supplier of foreign exchange in the FX market in the future.
Aliko Dangote has projected that the completion of the OB3 gas pipeline will attract an inflow of $2 billion into Nigeria’s oil and gas sector.
Nigerian stocks ended the month of May with a surprise gain after the NGX All-Share Index (ASI) staged consecutive gains this week, closing at 99,300.38 points.
Two members of Dangote Group, Dangote Sugar Refinery and National Salt Company posted cumulative equity gains of N59.33 billion, as the Nigerian Exchange continued its bullish run, gaining 0.44% during the day.
Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has described the Dangote Group as the driving force of the Gateway International Trade Fair.
17 states have received their shares of the over 1 million 10kg rice, being distributed by the Aliko Dangote Foundation (ADF), across the 774 local governments in Nigeria
The Dangote Group has expressed concern over EFCC’s denial of adequate time to respond to allegations and submit ten years’ worth of the company’s foreign exchange records in response to the recent EFCC raid on their Lagos headquarters.
Ikenga Ikeagwuonu, has said the raid on offices of Dangote Group by officials of the EFCC can hurt the economy.
EFCC on Thursday carried out a scrutiny of Dangote Group's financial records, as part of an investigation into potential misappropriation of foreign currency obtained from the central bank, according to two sources within the agency who spoke to Reuters.
Aliko Dangote, the richest man in Africa wealth valuation moderated significantly in dollar terms. Dangote lost $3.61 billion this year amid the CBN's devaluation of the naira.