The Dangote Group has revealed that it is targeting around $30 billion in revenues by the year 2025 whilst projecting to become the largest supplier of foreign exchange in the FX market in the future.
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Without mentioning names, the businessman stated that foreign banks are not interested in helping Africa grow, explaining that indeed some of them clandestinely attempted to push the company into loan default during the COVID-19 pandemic.
“Our turnover for the financial year ended December 31, 2023, grew 37 percent to N80.8 billion, marking a significant increase from the previous year. Profit after Tax also saw an impressive growth of 151 percent to N13.7 billion, reflecting our commitment to operational efficiency and excellence.”
A source has disclosed that the former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele might face an amended charges.
The Dangote Group has expressed readiness to assist the Economic and Financial Crimes Commission (EFCC) in its investigations, following the commission’s visit to the company’s head office in Lagos.
The operatives of the Economic and Financial Crimes Commission (EFCC) are currently conducting a search operation at the Lagos head office of the Dangote Group.
ASHENEWS reports that the Dangote Industries Limited (DIL) and the Niger state government are strengthening existing ties to explore fresh investment opportunities in the state.
The Dangote brand has, for the sixth consecutive year, been adjudged the most admired african brand among top 100 brands on the continent.
The President of Dangote Group, Mr Aliko Dangote, has urged African countries to dismantle all barriers hindering free trade among them to achieve sustainable growth and development across the continent.
The Dangote Cement Plant Plc on Wednesday donated N5 million to Federal Radio Corporation of Nigeria (FRCN), Kogi Prime FM Station, towards educating and enlightening the public on daily activities in Nigeria.