NIGERIA: Dangote Foundation Empowers 34,000 Women

Photo Credit: The Guardian

The Aliko Dangote Foundation (ADF) has given financial support to about 34,000 women in all 34 local governments in Katsina state from about NGN10 billion micro-grant set aside for poor women all over the country. The NGN10 billion is set aside by Aliko Dangote Foundation to empower women economically to help them start a business… Continue reading NIGERIA: Dangote Foundation Empowers 34,000 Women

NIGERIA: Aliko Dangote’s Wealth Rise by $4.3bn

Photo Credit: The Guardian

The well known African figure and richest businessman has soared high on the list World billionaire list as he rolls up 96th richest person in the world, with a value worth of $14.8 billion to leave his previous ranking of 103rd in the world. Aliko Dangote, who stands as the richest man in the whole… Continue reading NIGERIA: Aliko Dangote¬ís Wealth Rise by $4.3bn

NIGERIA: Dangote Sugar Refinery Declares N1.10 Per 50 Kobo Share After 2018 Losses

Photo Credit: The Guardian

Dangote Sugar Refinery Plc, a leading brand in Nigeria’s FMCG sector has declared a final dividend of N1.10 kobo per 50 kobo ordinary share for the financial period ended Monday, December 31, 2018. According to the company, the dividend will be effected from Wednesday, June 19, 2019, and will be paid electronically to shareholders who… Continue reading NIGERIA: Dangote Sugar Refinery Declares N1.10 Per 50 Kobo Share After 2018 Losses

NIGERIA: IMF Says Dangote Oil Refinery Will Increase Nations Trade Balance By $2bn

Dangote Refinery Plant, Lagos, Nigeria. Photo Credit: The Guardian

The International Monetary Fund (IMF) has said that the refinery by Dangote Industries Limited will increase the nation’s oil and gas sector trade balance by $2bn per year after commencing operations. The international organization with its headquarters in Washington said although Nigeria has been a long-time exporter of crude oil products, she still imports refined… Continue reading NIGERIA: IMF Says Dangote Oil Refinery Will Increase Nations Trade Balance By $2bn

NIGERIA: FY Report; Dangote Sugar Drops 44.8% On NSE

Photo Credit: The Guardian

The Cane Sugar Refinery Company; Dangote Sugar Plc a subsidiary of the Dangote Group, has released its financial statements for the year ended Monday, December 31st, 2018. According to the report, Dangote Sugar Plc drops its profit compared to the previous fiscal year as it records revenue of N150 billion for the period under review,… Continue reading NIGERIA: FY Report; Dangote Sugar Drops 44.8% On NSE