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Dangote: I’m Not Interested in Buying NLNG, Other National Assets

...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...

Dangote Plans N6tn Investment in Nigeria, Others

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...

FG Needs $15bn From Asset Sales, Borrowing- Dangote

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...

RMAFC Disagrees with Dangote on Sale of NLNG

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...

Dangote’s Net Worth Slips by $5.4bn on Nigeria’s Economic Woes

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...

We’ve Spent over N4.5bn in North East — Dangote

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...