News

…Dangote, Okomu, Presco target investment opportunities

As Edo State prepares for the Alaghodaro Summit 2021, big-ticket investors like Dangote Group, Okomu Plc and Presco Plc have declared interest to wholly participate in the summit, leveraging the platform to tap into the investment opportunities created by the businessfriendly disposition of Governor Godwin Obaseki-led state government. The summit, in its fifth edition, is […]

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Dangote, driver of industrialisation in Africa –MAN

…re-elects Mansur as President Given its massive investments in Nigeria’s manufacturing sector, Pan-African conglomerate, Dangote Group, has been described as a pillar of Nigeria’s manufacturing sector. Speaking on the sideline of the just concluded 49th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) in Abuja, the Director-General of the association, Mr. Segun […]

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Tax: Dangote Cement, MTN pay N190.30bn to FG

Foremost cement manufacturer, Dangote Cement Plc and telecommunication giant, MTN, emerged the highest tax payers in 2020 as they paid a total of N190.30 billion to the Federal Government. A statement made available to New Telegraph yesterday said while MTN paid N93.6 billion as tax for the year under review, Dangote Cement doled out N97.24 […]

Business

NARTO, Dangote Refinery collaborate on efficient product distribution

Road transport owners across Nigeria have expressed optimism that the 650,000 barrels-per-day Dangote Petroleum Refinery will deepen the downstream sector and positively impact their businesses. The transporters, under the aegis of Nigerian Association of Road Transport Owners (NARTO), after a guided tour of the refinery plant in Ibeju- Lekki area of Lagos recently, said they […]

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FEC okays N309.9bn tax credit road contract for Dangote Group

…formalises Police Special Services, approves N8.6bn for health procurement…as President swears-in five perm secs The Federal Executive Council (FEC), chaired by President Muhmmadu Buhari, has approved the award of a contract for the construction of five con-crete roads totaling 274.9 kilometers across the country at the sum of N309, 917,717,251.35 to Dangote Group. Minister of […]

Business

Dangote Cement moves to buy back 10% of shares

Dangote Cement Plc has said it will soon commence the programme of taking back 10 percent of its shares from existing shareholders. The move is however subject to approval of the relevant capital market regulatory authorities though shareholders have asked the company to proceed with the deal. “Dangote Cement Plc had established this programme pursuant […]

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Dangote Refinery to create 250,000 jobs

The management of Dangote Refinery and Petrochemicals has disclosed that the 650,000 barrels per day project will create jobs for not less than 250,000 Nigerians when completed next year. Group Executive Director, Strategy and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, told reporters at the site that the refinery had potential to turn around […]

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FG exempts Dangote, BUA, gas firm from border closure

Amidst a general closure of borders against importation and exportation of goods to and from neighbouring African countries, two lead-ing cement manufacturers in the country, Dangote and BUA have been exporting their products. The two companies, it was gathered, were granted an exemption by the Federal Government to continue their exportation despite the border closure. […]

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Dangote’s $11bn refinery attains 80% completion

$2bn fertilizer plant ready in December The management of Dangote Group has disclosed that its biggest project, the Dangote Refinery, in Lekki, Lagos is now at 80 per cent capacity level completion. The $11 billion petrochemical plant will receive its first refining product in the last quarter of 2021. Also, the management noted that its […]

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204 millionaires emerge in Dangote Cement Consumer Promo

More Nigerians are reaping the rewards of consumer patronage and brand loyalty as over 200 lucky winners across the country have emerged star prize winners and become instant millionaires in the ongoing Dangote Cement Bag of Goodies Consumer Promo Season 2. While the new millionaire consumers of Dangote Cement product jubilated over their good fortune […]

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