The current recession rocking the Nigerian economy has hit one of the biggest employers of labour in the country outside of the government as the Dangote Group, belonging to Africa’s richest man, Aliko Dangote, has fired 48 members of staff. Our correspondents gathered that those...

...Plans to venture into dairy production The President, Dangote Group, Aliko Dangote has stated that Nigeria’s quest to diversify its economy away from crude oil cannot be achieved if there is little or no foreign exchange available for private sectors to work with. Dangote called on...

The Dangote Sugar Refinery Plc, a member of Dangote Group, has  said it plans to produce between 1.5 and 2 million metric tons of refined sugar annually from locally produced sugarcane. The Acting Group Managing Director, Mr. Abdullahi Sule, made the disclosure at the 2016 World...

As Nigerians list opportunity costs of the present hard times and steps the Governments is taking to rescue the economy from the current shambles, the Africa’s richest man, Alhaji Aliko Dangote, recently suggested sales of some of the national assets in order meet urgent...

...Says naira under attack, N500/$ not true reflection of currency’s value ...IOCs to exercise preemptive rights in the event of assets sale Following the outcry that has trailed the advocacy for the sale of the country’s national assets as a quick measure to fund the 2016...

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, Dangote made the commitment in New...