Shareholders of Dangote Cement, unanimously on Tuesday authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution. The company had earlier indicated an interest in undergoing a share buyback programme, in respect of...
While Nigeria boasts of the largest road network in Africa, only about 60,000km out of its estimated 195,000km road network is paved. Some of the roads are either in a state of disrepair, poorly maintained or altogether untarred. As part of the Federal Government’s efforts to improve the condition of...
… Cement, Sugar, Salt Units also bag individual awards Africa’s foremost conglomerate the Dangote Group won the coveted ‘ Overall Most Responsible Business’ Award, just as three of its subsidiaries clinched awards at the 16th edition of the Sustainability, Entrepreneurship and Responsibility Awards (SERAS) held at the Oriental Hotel, Lekki,...
The Dangote-led Presidential Committee on Flood Relief and Rehabilitation (PCFRR), known as Dangote Flood Committee has commenced the distribution of relief materials, worth N1.5 billion to victims of flooding nationwide. The PCFRR, which was established by the Federal Government following the 2012 flooding, is co-chaired by Africa’s foremost industrialist Aliko...
With the newly signed Petroleum Industry Act (PIA) in Nigeria, local Oil and gas traders/operators have been advised to leverage technology if they truly desire to join the global oil and gas community. This position was canvassed at the weekend by Mr Osagie Ediale, the Chief Executive of Flagship Energy...
Africa’s foremost industrialist, Aliko Dangote, is optimistic that the new multibillion naira investment in the sugar sub-sector would help provide no fewer than three hundred thousand jobs in Nigeria. A statement from the Corporate Communication Department of the company quoted the Group’s President Aliko Dangote as saying that the company...
President of the Dangote Group, Alhaji, Aliko Dangote, has announced that the Dangote Sugar Refinery (DSR) Plc is significantly scaling up its investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master plan (NSMP). Speaking at the Flag off Ceremony of the 2022/2023 Crushing Season...
…As Dangote Cement named Most Trusted Brand of the Year In a blaze of honour, the Pan-African conglomerate, Dangote Industries Limited (DIL) and its Africa’s leading cement manufacturer subsidiary, Dangote Cement Plc were adjudged the Largest Corporate Bond lodgment on FMDQ in gold category and the 2022 Most Trusted Brand...
The National Youth Service Corps (NYSC) has entered into partnership with Hudson Consulting Company, an American based Agro-allied corporation, with a view to establishing a mega rice mill at Isampou, Ekeremor Local Government Area of Bayelsa state. NYSC Spokesman, Eddy Megwa disclosed the development in a statement issued on Monday,...
The Minister of Works and Housing, Mr. Babatunde Fashola has queried those living and selling under bridges in Lagos, saying that they were built for ease of vehicular movement, movement of goods and services and for the benefit of humanity. This was contained in a statement issued by the Director,...