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Farooq

Posts Tagged "dangote"

HomePosts Tagged "dangote"

* Nigeria working to end reliance on refined product imports * OPEC member aims to lift oil output to 1.8 mln bpd by Jan (Adds comments on output, OPEC)   By Wendell Roelf CAPE TOWN, Oct 24 (Reuters) – A refinery with capacity to process 650,000 barrels per day (bpd) of oil being built in […]

The federal government has urged Aliko Dangote, president of Dangote group, to make sure that he achieves his target of ending fuel importation in the country by December 2019. Ibe Kachikwu, minister of state for petroleum resources, made the call when he visited the Dangote oil refinery site at Lekki free trade zone, Lagos state, […]

Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production in the next three years as the company seeks to expand and deal with a shortage of dollars in its home market of Nigeria. The conglomerate plans to increase its production […]

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    Alex Ikechukwu
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The Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $3.8bn in sugar and rice, and $800m in dairy production in the next three years as the company seeks to expand and deal with a shortage of dollars needed to import raw materials. The conglomerate plans to increase its production of sugar […]

Akinpelu Dada For the African continent to attract the required investment into key sectors and achieve economic integration, the President of the Dangote Group, Aliko Dangote, has urged leaders to review their visa procedures and tariff regimes. The review, according to him, will remove unnecessary barriers to intra-African trade and guarantee real growth and foreign […]

Aliko Dangote, president of Dangote Group, says the economy loses about N20 billion daily to the state of Apapa-Wharf road. Dangote, who commended the efforts of the government concerning the rehabilitation, said the state of the road is an embarrassment to the country. He said: “The economy loses more than N20 billion daily. It affects […]

Akinpelu Dada The Dangote Group has disclosed plans to invest $1bn in rice cultivation in five states to boost food self-sufficiency in the country. The group stated this in a statement made available to our correspondent on Monday. Speaking at the just concluded 2017 Gateway Trade Fair, which held in Abeokuta, Ogun State, a director […]

The President, African Development Bank, Dr. Akinwumi Adesina, says billionaire businessman, Aliko Dangote, may become the largest exporter of rice in the world by 2021. Speaking at the Mo Ibrahim Forum in Morocco over the weekend, Adesina said Africa must focus on agriculture to drive growth and create jobs on the continent. He said, “I […]

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    Alex Ikechukwu
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Femi Asu The President and Chief Executive Officer, Dangote Group, Alhaji Aliko Dangote, has said the crude oil refinery being built by Dangote Oil Refining Company Limited will be listed on the Nigerian Stock Exchange. Dangote disclosed this on Monday while speaking with journalists after beating the closing gong at the NSE in Lagos in […]

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    Alex Ikechukwu
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Nigeria’s hard-currency shortage is forcing companies to get creative in their hunt for dollars. For many, including Dangote Cement Plc, that’s meant a bigger focus on exports. The continent’s largest producer of the building material has about 1,500 trucks hauling cement across the border to Benin, Ghana and Chad to access hard currency, Chief Executive […]