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Tag Archives: Dangote

Dangote, Niger State sign N166bn MoU on sugar production

Dangote

DANGOTE Group, recently, in Minna, signed a Memorandum of Understanding (MoU) with Niger State Government for the establishment of a fully integrated sugar complex, worth $450 million (about N166 billion), in the state, a boost to government’s backward integration policy towards attaining self-sufficiency in sugar production. President of the Group, …

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Dangote acquires gas firm, Twister BV in the Netherlands

Dangote

The management of Dangote Industries Limited on Sunday announced that it had completed the acquisition of Twister BV, a company in the Netherlands, as part of its strategy to meet Nigeria’s gas needs.   According to a statement by Dangote, Twister BV provides robust solutions in natural gas processing and …

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Dangote’s tomato company threatens to quit production

Aliko Dangote

Just a few days after Erisco Food Limited said it was going to shut down its tomato processing factory, Dangote Industries Limited has also disclosed plans to halt tomato paste production citing the harsh operating environment which gives the advantage to imported production. Alhaji Sani Dangote, Group Vice President of …

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Dangote set to invest N6t in Nigeria

Aliko Dangote

The Chairman, Dangote Group, Aliko Dangote, has revealed plans to increase his investments in the country and across the continent by injecting about N6.09tn ($20bn) into projects despite the current economic challenges. According to a statement by the group on Sunday, Dangote made the commitment in New York, United States, …

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2016 Business Eye Roundtable Panel Discussion

2016 Roundtable Special Edition The 2016 Business Eye Roundtable Discusstion held on Thursday 14 January at The Wheatbaker, Ikoyi, Lagos. At the event, stakeholders from the public and private sectors gathered to lend their voices to, and to chart the way forward for the Nigerian economy in 2016. Public leaders, …

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Dangote: He was named ‘Victor’

Determined from back in the day Alhassan Abdullahi Dantata, Dangote’s maternal great grandfather was the largest exporter of kolanuts in West Africa in 1913. He died as the richest man in the sub region in 1955. His eldest son, Sanusi Alhassan Dantata recorded as Nigeria’s first millionaire was the eldest …

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Business risks pay Dangote

Tunde Oyekunle, dealer in the capital market and CEO of Finawell Capital Limited wants other Nigerian companies to join Dangote Group in profitable risk ventures. He spoke with Simon Ugwu. Dangote’s Stock market activities Dangote Group sells 18 major commodities and its four listed companies at the stock exchange total …

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Dangote enjoys pricing advantage

Dr. Simon V. Akaayar, commercial and industrial lawyer at the Faculty of Law, University of Lagos says the Dangote Group’s business model enables it determine prices and lobby for favourabe policies. He spoke with Temitope Owolabi. My view There is no direct implication because other companies have not been denied …

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Dangote owns Nigerian economy

Dr. (Mrs.) Margaret Abiola Loto, from the Department of Economics, Faculty of Social Sciences, University of Lagos says as an oligopoly, the Dangote Group, is the owner of the Nigerian economy. How I see it Dangote Group dominates the Nigerian economy because the group has the largest percentage of the …

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