Dangote Group’s subsidiaries have emerged as major recipients in the latest Retail Dutch Auction conducted by the Central Bank of…
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The chairman of Dangote Group, Aliko Dangote has said that he does not have houses abroad because of his passion for industrialisation in Nigeria.
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.
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.