Nigeria is saving about $2bn annually as a result of the local production of cement by different manufacturers, the Dangote Group has stated. It also stated that the upsurge in cement production had helped increase the manufacturing sector’s contribution to Nigeria’s Gross Domestic Product from...

The Association of Electricity Distribution (ANED) in Nigeria has faulted the statement credited to a business mogul, Alhaji Aliko Dangote, the president of Dangote group that the power privatization should be reversed by the federal government. Dangote had last week in Jos said that the...

The President, Dangote Group, Aliko Dangote, has said that more than 100 million out of the country’s estimated population of 187 million are wallowing in poverty. He told participants at the Executive Course No. 38, 2016 of the National Institute for Policy and Strategic Studies,...

The President/CEO Dangote Group, Aliko Dangote has said the power sector privatisation was done wrongly and suggested it should be reversed. He said the problem in the power sector has persisted despite privatisation because the buyers lack understanding of the complexities of the sector. Dangote made...

The profit after tax of Dangote Cement Plc dropped by N24.47bn in the nine month, ended September 30, 2016. The company attributed the drop from N157.993bn recorded in the Q3 2015 to N133.521bn in the Q3 2016 to enormous money spent on cost of sales...

Against the background of the current paucity of forex, the Dangote Group has said it is currently driving six major projects, which will generate foreign exchange earnings of about $15n annually for the nation. The group, according to its President, Aliko Dangote, is investing a...