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Senate Asks FG To Recover N42bn Waivers Granted Dangote, Bua, Others

...Asks Stallion, Olam, Milan to refund N24bn ...House: FG loses $2.9bn annually to tax waivers The Senate has asked the federal government to recover N42 billion grants as import duty waivers to six companies including Dangote Limited and BUA Sugar Refinery between 2013 and 2015. The upper chamber...

FG Okays Dangote’s Proposal To Construct Obajana-Kaba Road

The Federal Executive Council (FEC) has approved a proposal by a subsidiary of the Dangote Group to construct the Obajana-Kabba Road. Minister of Power, Works and Housing Babatunde Fashola, told State House reporters that the approval was based on a memo by his ministry seeking...

Dangote: I’m in Business Not Just to Make Money, But to Help Africa

Africa’s richest man and the President of Dangote Group, Alhaji Aliko Dangote, has stated that he’s not in business solely to make money, but is just as interested in developing Africa and humanity, hence his philanthropic works through his foundation. He equally said that labelling...

Dangote, Adenuga, Otedola, Alakija, Rabiu Make Forbes World Billionaire List

Five Nigerians including Alhaji Aliko Dangote, Mike Adenuga; Femi Otedola; Folorunso Alakija and Abdulsamad Rabiu, were named in the Forbes 2016 World’s Billionaires’ list that was released on Tuesday. The latest Forbes World Rich list profiled 1,810 billionaires across the globe. While Dangote retained his number...

Dangote Cement Posts N181.3billion Profit, declares N8 Dividend

Dangote Cement Plc has declared a Profit After Tax of N181.3 billion for the financial year ended Dec. 31, 2015. This is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) on Tuesday in Lagos. The News Agency of Nigeria (NAN) reports...

Dangote Cement declares N74.7bn profit for first quarter of 2015

Nigeria’s largest cement producer, Dangote Cement, has announced a gross profit of N74.7 billion for the three months ended March 31, 2015. This represents an increase of 10.5 per cent over N67.63 billion recorded in the same period in 2014. According to the cement giant’s...