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Tag Archives: dangote group

NPA mobilized contractor handling Apapa Wharf road with N1.8bn in July

NPA boss

In its usual show of commitments to the ease of doing business at the ports and in line with its resolve to partner with the private sector including Dangote group and Flour Mills of Nigeria (FMN), the managing director of Nigerian Ports Authority (NPA),  Ms. Hadiza Bala Usman, in July released the sum of N1.8bn for the ongoing reconstruction of ...

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Dangote deepens backward integration in sugar, seals N166b pact with Niger State

Dangote 77

Basking on the euphoria of the tremendous success achieved in cement backward integration few years ago, Dangote Group has inked a Memorandum of Understanding (MoU) with Niger State Government to drive similar feat in sugar production. The agreement was in favour of establishing a ($450m) N166-billion state-of–art and fully integrated sugar complex in the state. Business Hilights recalls that Niger ...

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Dangote reveals why he is not investing in ICT, telecoms

Dangote

After years of being economical with words, President of Dangote Group, Alhaji Aliko Dangote has opened up on why he has not really mustered interest in investing in either Nigeria’s or even African telecoms market. Explaining issues on the suggestion of financially backing up tech start-ups, he opined that technology was not really an area he wanted to go into ...

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Dangote shares N850m in compensation for refinery land owners

Dangote meeting

As part of compliance for extant laws, Dangote Group has commenced the disbursement of more than N850m as compensation to land owners affected by its sugar refinery project in Tunga, Awe Local Government Area of Nasarawa State. Business Hilights gathered that the site, a 60,000 hectare, was acquired by the group for the construction of the refinery. Deputy Governor of ...

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Niger State: Dangote to pump $450m in 3-year commercial farming drive

Dangote

Barely one week after sealing a multibillion naira deal with government of Kano State in building solar power plant to run industries, leading African industrialist and President, Dangote Group, Alhaji Aliko Dangote, on Monday revealed new investment plan worth $450m in agricultural development in Niger State. The scheme will run in the next three year. Giving the hint during the ...

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Dangote invests in solar power plant, seals MoU on 100MW with Kano State

Dangote Gan Emir

Kano State government is now changing its narrative on issues of electricity for industrial purpose in partnership with leading conglomerate, the Dangote Group. Already, both parties have sealed a Memorandum of Understanding (MoU) for the proposed 100 megawatts Dangote-Black Rhino solar power plant. Dangote group in a statement made available to Business Hilights revealed that the formal agreement for the ...

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Breaking: Minister tours Dangote refinery, Lekki, seeks early completion

Dan K1

Barely 24 hours after he hinted the desire of the federal government to quit further oil exploration and; three day he signaled plans to sell off two ‘commercially unviable’ refineries, the Minister of State for Petroleum, Dr. Ibe Kachukwu, on Monday paid a working visit to the premises of emerging Dangote Refinery, Lekki, in Lagos. Key plea to the investor, ...

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Dangote reveals plans to deepen investment in sugar, rice, diary with $4.6bn in 3 years

Dangote group

Leading quintessential African investor and President, Dangote Group, Alhaji Aliko Dangote has made public, fresh move to deepen presence in commercial agriculture in Nigeria. According to the new drive, the group is set to pump about $3.8bn in sugar and rice, and another $800m in dairy production in the next three years. On the company’s investments in dairy, industry analysts ...

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Lagos steps up campaign in wooing investors to Lekki Free Zone

Gov Ambode

The Lagos State Government has stepped up international and local marketing of unoccupied portions of the Lekki Free Trade Zone. Currently, Dangote Group is developing the South-East Quadrant of the Zone in Lekki, which is about 2635 hectares of land for the establishment of 650,000bpd capacity refinery complex, petrochemical, gas and fertilizer plant with a projected cost of over $12billion. ...

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Dangote reveals how Nigeria loses over N140 bn weekly to Apapa gridlocks

Dangote

Joint financier of the reconstruction of the Apapa-Wharf road and President of Dangote Group, Aliko Dangote has lauded the decision of the Federal Government to involve stakeholders in the planned redevelopment of the failed highway to the nation’s gateway and flagship seaport, Apapa. He observed that the poor state of the Apapa Wharf road serves as both an embarrassment to ...

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