Nigeria’s leading cement manufacturer,Dangote Cement Plc has unveiled a circular economy programme, called ‘DangCircular’ even as the company trained traders on financial literacy. The new initiative aims to promote recycling and reuse of scarce resources in society to reduce landfilling and create wealth as a contribution to environmental sustainability. DangCircular was rolled out during this
Dangote tops the chart as Africa’s richest man in October,2022, and he is the only African on the list not below the 200th position. According to Bloomberg, Africa’s wealthiest men remain unchanged while there has been a change in their fortunes in October 2022. For context, the world’s richest man has been reported to have
The Group Executive Director, Strategy, Portfolio Development & Capital Projects, Mr. Devakumar Edwin, revealed that, the coming on stream of the Dangote Refinery and Petrochemicals will go a long way in bringing the much-desired resolution to the unemployment crisis ploughing the nation as the company would engage about 2000 personnel in the field of engineering
Nigeria’s largest sugar producer, Dangote Sugar Refinery declared a profit before tax of N34.6 billion for the financial year ended December 31, 2018. A breakdown of the result released on the floor of the Nigerian Stock Exchange (NSE) indicated that while gross profit stood at N39.7 billion, the refinery earned a revenue of N150.4 billion.
The Dangote Petroleum refinery is to make 65.4 million litres of Premium Motor Spirit (PMS), popularly called petrol, Diesel (AGO), Aviation Jet fuel, and Dual Purpose Kerosene (DPK) daily, when it becomes operational. The 650,000 barrels per day (bpd) Dangote refinery which is to commence operations in 2020 is expected to transform Nigeria from a
Dangote Petroleum Refinery & Petrochemicals Company has inaugurated a vocational training scheme that will instill necessary skills in young men and women from the Ibeju-Lekki area of its operation. The company said the initiative was part of efforts aimed at making youths from its host communities employable. The Executive Director, Capital Projects, Dangote Group, Mr
The President, Dangote Industries Limited, Alhaji Aliko Dangote, has said Dangote Cement’s exports to other African countries are targeted to rise to $600m annually. “By next year, we will be the largest exporter of cement in sub-Saharan Africa with about $600m worth of cement export to other African countries with limited access to limestone. “In
On completion, according to the President of the Group Aliko Dangote, the project will generate over 15,000 jobs in the state The $450million pact which was signed in the government house will see the company producing raw sugarcane on 16,000 hectares of land In another bold move for self-sufficiency in sugar production through the government’s
Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. In the financials released on the floor of the Nigerian Stock Exchange indicated that the increase in sales volume showed a growing capture of Pan-African market
Although Africa’s richest man, Nigerian Aliko Dangote dropped to 105th on the 2017 Forbe’s real-time billionaires’ ranking, he maintains the lead in Africa, as the richest man. There are 21 African billionaires living in Africa worth a combined $70 billion or N22 trillion. Dangote, who was ranked 51st in 2016 with a net worth of
