dangote

Dangote Champions Non-Oil Exports for Nigeria’s Economic Revival Detailed Breakdown: 1. Dangote Group’s Call to Action The Dangote Group has emphasized Nigeria’s potential as a global non-oil export powerhouse. At the ongoing 2024 Kano International Trade Fair, the company reiterated its...

Oil Marketers Oppose Dangote’s Call for Import Ban, Warn Against Monopoly in Nigeria’s Fuel Market Detailed Breakdown: Three major oil marketing companies, AYM Shafa Limited, A.A. Rano Limited, and Matrix Petroleum Services Limited, have filed a legal opposition against a suit initiated by...

Dangote Invests $280 Million in CNG Conversion to Support Nigeria’s Clean Energy Transition In a significant move towards Nigeria’s clean energy goals, Dangote Group has announced an investment exceeding $280 million in Compressed Natural Gas (CNG) technology and infrastructure. This initiative...

MARKETERS SEEK DIRECT FUEL PURCHASE FROM DANGOTE REFINERY, AIMING TO BYPASS NNPC 1. Oil Marketers’ New Strategy: Independent petroleum marketers in Nigeria, under associations such as the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets...

NLC BLAMES POLICY SOMERSAULT FOR NNPC, DANGOTE DISAGREEMENTS Speaker: Joe Ajaero, President of the Nigeria Labour Congress (NLC), made statements regarding the ongoing issues between the Nigeria National Petroleum Company (NNPC) and Dangote Petroleum Refinery. Key Issue: Ajaero attributes the...

TOP BRANDS IN NIGERIA FOR 2024 Key Highlights: 1. Top 50 Brands Nigeria Assessment: - Conducted an evaluation of Nigeria's top brands for the year 2024. - Dangote Industries Limited was ranked as Nigeria’s most valuable brand for the seventh consecutive year. - MTN Nigeria was ranked...

DANGOTE GROUP’s STOCK PERFORMANCE AND THE MERGER DENIAL 1. Stock Price Decline: - Dangote Sugar Refinery: The stock price dropped by 18.67% from N45.00 to N36.60 between May and August 2024. This decline is attributed to supply chain disruptions and volatile sugar prices, which negatively...

DANGOTE PETROL: MARKETERS WAIT AS DELIVERY DATE EXTENDED AGAIN 1. Delayed Petrol Rollout: The Dangote Petroleum Refinery, with a capacity of 650,000 barrels per day, might not start producing petrol on the previously scheduled date of August 12, 2024. This follows earlier projections from...

GCR AFFIRMS POSITIVE RATING ON DANGOTE REFINERY - Rating Confirmation: - GCR Ratings has affirmed Dangote Industries Limited’s (DIL) national-scale long-term issuer rating at AA+ and short-term issuer rating at A1+. - Bond Ratings: - The national scale long-term issue ratings of AA+(NG)...

DANGOTE INVITED TO INVEST IN GABON AMID ACCUSATION OF MONOPOLY Key Details: - Aliko Dangote, President of Dangote Industries Limited, has been invited by Gabon’s President Brice Oligui Nguema to invest in cement and fertiliser production in Gabon. - The focus is on urea and phosphate...

DANGOTE GROUP TARGETS $30BN REVENUE TO STRENGTHEN NAIRA The President of Dangote Group, Aliko Dangote, announced that his businesses aim to achieve a $30 billion revenue target by the end of 2025, which is expected to boost the value of the naira. During a tour of Dangote Petroleum Refinery &...

AFRICA’S RICHEST MAN DANGOTE MAKES SHOCKING REVELATION, SAYS HE'S A TENANT IN ABUJA AND HAS NO HOUSE OUTSIDE NIGERIA Aliko Dangote, Africa’s richest man and chairman of the Dangote Group, revealed that he lives in a rented apartment in Abuja and does not own any property outside Nigeria...

Dangote Sugar Refinery Plc has registered a N200bn multi-instrument issuance programme with the Securities and Exchange Commission (SEC), as disclosed in a statement filed with the Nigeria Exchange Limited by Company Secretary Temitope Hassan. Key Details: - The programme underscores Dangote...

Overview: Dangote Sugar Refinery has successfully issued Series 4 and 5 Commercial Paper notes to raise a total of N42.79 billion. This issuance is part of the company's N150 billion Commercial Paper Issuance Programme. Details of the Issuance: - Total Amount Raised: N42.79 billion - Series 4...

DANGOTE TARGETS STEEL MANUFACTURING AS NEXT INVESTMENT VENTURE Summary: Alike Dangote, Africa’s richest man, announced plans to venture into the steel market following successful investments in food, cement, and energy sectors. Details: - Announcement Venue: Afreximbank Afro-Caribbean Trade &...

DANGOTE REFINERY EYES 500,000-BARREL PRODUCTION CAPACITY BY JULY Barring any last-minute changes, the $20 billion Dangote Oil Refinery is set to be listed on the Nigerian Stock Exchange by December 2024. Aliko Dangote, Chairman of the Dangote Group, expressed his desire for Nigerians...

Aliko Dangote Foundation partners with FG and Air Peace to settle stranded Nigerians on their return to Nigeria Dangote has partnered with the Federal Government and Air Peace to assist and provide support in settling g the evacuated Nigerians. The Board of Trustees of the Aliko Dangote...

It looks like Dangote Cement also in trouble with cash. they are listing bonds to be sold soon. see the information below. Dealing Members are hereby notified that the N100 Billion, 5 Years 12.50% Fixed Rate Series 1 Senior Unsecured Bonds due 2025 under the N300 Billion Debt Issuance Program...

Here are some of the top performers for today on the Nigerian stock exchange. DANGCEM N121 N133.1 12.1 10.00% NB N24.4 N26.8 2.4 9.84% GUARANTY N20.45 N21.9 1.45 7.09% ZENITHBANK N14.5 N15.9 1.4 9.66% DANGSUGAR N11.7 N12.7 1 8.55%