The country needs $15bn from asset sales and borrowing to revive the slumping economy and boost foreign reserves, according to Africa’s richest man, Aliko Dangote. Dangote said in a Bloomberg TV interview at the US-Africa Business Forum in New York, “Through sales of assets, through...

The Revenue Mobilization Allocation and Fiscal Commission has disagreed with Aliko Dangote on the sale of Nigerian Liquefied Natural Gas (NLNG) and other Federation Assets he proposed during an interview with a cable Television, the CNBC Africa as a way of augmenting the current...

Africa’s richest man and Chairman of Dangote Group, Alhaji Aliko Dangote, has lost $5.4 billion in his fortune since this year, according to data obtained from Bloomberg Billionaires Index. Using an average exchange rate of N250 to a dollar, Dangote’s $5.4 billion loss translates to...

The Dangote Foundation has spent over N4.5billion in the North-east as donations to ease the plight of Internally Displaced Persons (IDPs). This was disclosed by the president of the foundation, Aliko Dangote, at a press conference in Abuja. Dangote announced a new partnership with the lead...

The management of SunTrust Bank Limited, one of the recently licensed commercial banks in the country officially opened its doors to customers. The bank has a regional banking licence. Speaking at the opening ceremony which attracted top government officials, politicians as well as traditional rulers in...

Dangote Industries Limited has announced the commencement of the construction of concrete roads in various states across the country, particularly in Lagos, Bauchi, Kogi, Kaduna and Ogun states. “We are very happy at the moment. We can categorically state that we are in more than...