Business Hilights

Tracking Nigeria's Headline Business News Online

Aliko Dangote

Without Discos investing in infrastructure, steady electricity’ll be elusive—TCN

The only guarantee to end incessant collapse of electricity distribution networks across the nation as a result of the rainfall and obsolete infrastructure being experienced nationwide remains massive investment in infrastructure by distribution companies (Discos). This is, and has been…

Can Dangote invest in Truck Park to save Lagos metropolis from gridlocks?

Though it is not only his trucks and articulated vehicles that line up and disrupt vehicular traffic initially around Lagos ports axis and lately southern half of Lagos State, majority of Lagos motoring public has called on Africa’s richest man…

By 2020, we’ll be the largest cement exporter in sub-Saharan Africa—Dangote

The epi-climax of backward integration in cement production will be noticed from 2020 when Dangote Cement will become the largest exporter of cement in sub-Saharan Africa. This was the submission of the elated Aliko Dangote, President of Dangote Industries Limited,…

Dangote, Adenuga lead 7 Africans, 44 Chinese in 500 world richest peoples’ list—BBI

Latest richest peoples rating by the Bloomberg Billionaires Index (BBI), has revealed that in Africa, only seven investment moguls make the list of 500 richest people lead by Nigeria’s Aliko Dangote and Mike Adenuga. Whereas Egyptian brothers; Nassef and Naguib…

Only advantage Nigeria has on Dangote Refinery is zero freight cost—Expert

Contrary to the ongoing insinuations that the commencement of full scale production by the emerging 650,000 bpd Dangote Refinery will rest scarcity and high cost of petroleum products especially fuel, a product marketing consultant, Mr. Saidu Abubakar, has averred that…

(Special Report) Why Dangote should watch his back ahead of 2019 election

Since the coming of the current administration in Nigeria, investigations have shown that Dangote Group has become the conglomerate with the highest volume of private sector investments. This spanned from rice mills and farms, sugarcane fields and mill, cement production…

FG ambushes Dangote refinery, shifts revival of all 4 refineries to 2020

Twist has again, occurred in the federal government’s plan to revive all four national oil refineries as the Minister of State for Petroleum, Dr Ibe Kachukwu, yesterday in Cape Town, South Africa, gave a rather new date of 2020 as…

Key to Africa’s economic growth, strength remains regional market—Dangote

African leading industrial giant, Aliko Dangote has averred that the key to Africa’s economic growth and strength is in the development of the regional market, saying “Regional markets in Africa must work.” The industrialist, who called for conscious efforts at…

Arrival of BBC Naples at new Dangote jetty assures early delivery of refinery

Recent safe arrival and berthing of the first ship, BBC Naples at the new Dangote Jetty carrying essential equipment for the ongoing construction work at the Dangote Refinery has signaled possibility of delivering the refining facility on schedule. Dangote Oil…

Argument flares up on actual delivery time of Dangote refinery, group maintains 2020

The given time for the completion and delivery of emerging 650,000bpd refinery being constructed by Aliko Dangote remains 2020 according to the Executive Director, Dangote Group, Devakumar Edwin, who oversees the project. He told Reuters last month that more than…