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South African billionaire Johan Rupert has reclaimed his position as Africa’s richest man, overtaking Nigerian industrialist Aliko Dangote. According to the Bloomberg Billionaires Index, Rupert’s net worth now stands at $14.3 billion, surpassing Dangote’s $13.4 billion. Rupert, the chairman of Richemont, a global luxury goods conglomerate, has gained $1.87 billion this year, while Dangote has
His Excellency, Peter Gregory Onwubuasi Obi wades into Dangote and the Federal Government debacle. He has this to say : “Dangote Refinery Should Be Fully Supported, Not Vilified The recent conflicts between Dangote Industries and some government agencies are deeply troubling. This issue transcends political affiliations and personal grievances. It is fundamentally about Nigeria’s economy, future,
Aliko Dangote offering to sell his 650,000 bpd Dangote refinery to the NNPCL, is all the proof you need. Alas, Nigeria happened to Alhaji! But when did the NNPC manage anything successfully? No one spent almost a decade building a refinery with the intention to sell it. The biggest mafia in Nigeria are the Electricity &
Alhaji Aliko Dangote Turns Down CBN’s Interest Rate, Urges Government to Support Established Companies. Says “Nobody can create jobs with an interest rate of 30%. No growth will happen.” Aliko Dangote, the Chairman of the Dangote Group , has expressed concern over the Central Bank of Nigeria’s decision to raise the interest rate to nearly
Marketers explain why they can’t import fuel now. Barring all unforeseen circumstances, Dangote imported fuel will soon enter Nigerian market as the Nigerian National Petroleum Company Limited (NNPCL ) has granted the Chairman of Dangote Group and President, Dangote Refinery and Petrochemical Company, Alhaji Aliko Dangote, licence to begin the importation of Premium Motor Spirit (PMS) or petrol into
Nigeria’s backward integration policy is set to be downplayed again, giving leverage to Africa’s richest, Aliko Dangote, to wield a ‘monopoly’ in the oil industry. A major player in sugar and cement production, Dangote has dominated with a lot of policies and waivers in his favour over the years. He is set to enjoy same
Aliko Dangote, 62, has an estimated net worth of $14.4billion and has been vocal in his desire to purchase Arsenal on numerous occasions in the past – now he’s spoken again Nigerian business magnate Aliko Dangote has once again declared his intention to buy Arsenal Football Club… in 2021. Dangote, Africa’s richest man, has previously made a number of
Aliko Dangote and Femi Otedola, Nigerian billionaires, have promised the Super Eagles $75,000 for every goal scored in their remaining games at the ongoing Africa Cup of Nations. Dangote has promised $50,000 per goal, while Otedola pledged the sum of $25,000 for each goal scored by the Eagles. Earlier in the group stage of the
[dropcap]F[/dropcap]or being the only Black African to make Bloomberg’s 50 most influential people, Aliko Dangote’s photo was displayed on Wednesday on the Nasdaq Tower in Times Square, New York. The other African to make the list is South Africa’s Elan Musk, founder of the electric car manufacturer, Tesla. The NASDAQ Tower is considered the
[dropcap]A[/dropcap]liko Dangote has a son whose name is Abdulrahman Fasasi. It is said that he is not the biological first son but he was adopted by Dangote. As you can see that he doesn’t bear the name of Nigeria’s richest man. While much is not known about Abdulrahman Fasasi’s public life, wife, family and