President of the Dangote Group, Aliko Dangote, has criticised the Central Bank of Nigeria’s (CBN) decision to raise interest rates to nearly 30 per cent. The foremost entrepreneur also advocated for policies that safeguard domestic industries and cultivate them into indigenous champions capable of generating jobs and fostering prosperity in face of current global economic woes. The Africa’s richest man …

Aliko Dangote has been ranked as the world’s sixth richest person in the manufacturing industry. Dangote whose net worth is put at $14.3 billion is the founder of Dangote Cement, the leading cement producer in Africa, in which owns about 85 per cent stake, as well as Dangote Fertilizer and Refinery, the world’s largest single-train refinery. The ranking was carried …

Ondo State Council for Islamic Affairs (ODSCIA) has distributed 10,000 bags of rice donated by Dangote Foundation to Islamic stakeholders. League of Imam and Alfas, FOMWAN, NACOMYO, Ansa-ur-deen, NASFAT, MSSN, and others were beneficiaries. Chief Imam of Araromi-Obu and Chair of ODSCIA, Sheikh Muhammad Akinpelumi, said the distribution was monitored by the Muslim Welfare Board. He said Allah used his …

The cut in diesel price by the Dangote Refinery will reduce inflation, President of Dangote Group, Alhaji Aliko Dangote, said yesterday. He believes with the cost of diesel dropping to N1,200 from N1,650, the inflation rate will further drop. In February, the headline inflation rate increased to 31.70 per cent relative to the January 2024 rate, which was 29.90 per …

President Bola Tinubu has extended his warm congratulations to the Chairman of Dangote Group, Alhaji Aliko Dangote, on his 67th birthday. The President joined Dangote’s family and friends to celebrate the founder of the largest industrial conglomerate in West Africa and one of Africa’s business lodestars. Referencing the many industrial feats of the business colossus, President Tinubu extolled Dangote’s famed …

Lagos State Government has received 80,000 bags of 10 kilogrammes rice to bolster its interventions targeted at ameliorating the impacts of current hardship on vulnerable households in the state. Governor Babajide Sanwo-Olu, on Wednesday, personally received fully loaded trucks laden with 80,000 units of 10kg bags of rice supplied by Aliko Dangote Foundation for immediate distribution to various segments of …

The Chairman and CEO of Dangote Group, Aliko Dangote, has named the “biggest” road network leading to his Lagos refinery after the late Herbert Wigwe. Wigwe died with his wife and son in a helicopter crash in California, the United States of America. Dangote, while paying his tribute to the late billionaire banker in a programme organised in his honour, …

The President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has said that his friend and billionaire businessman, Femi Otedola, is welcome to attempt a corporate takeover of Dangote Cement. Dangote said this on Friday at the Dangote Cement customers appreciation event in Lagos. While introducing some dignitaries at the event, he mentioned Otedola, saying, “We must also welcome our newest …

The Minister of Works, Senator David Umahi, yesterday met behind closed doors with prominent members of Nigeria’s business community to deliberate on new strategies of engaging the private sector in providing financing for the nation’s road infrastructure. The meeting, which was part of a series of consultations over the involvement of the private sector in infrastructural development, was held at …

The president of the Dangote Group, Aliko Dangote, has retained his position as the richest person in Africa with a net worth of $13.9 billion in the 2024 Forbes list of 20 of Africa’s Richest billionaires released yesterday. According to Forbes, the fortunes of Africa’s wealthiest people rebounded slightly in the past 12 months, reversing the decline in their fortunes …