Lagos, April 3, 2019 (NAN) Dangote Sugar Refinery, a subsidiary of Dangote Group, has declared a profit before tax of N34.6 billion for the financial year ended Dec. 31, 2018.
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The Management of NASCON Allied Industries formerly National Salt Company, a member of the Dangote Group, over the weekend released its financials for the year ended December 31, 2018 with a revenue of N25.8 billion and a profit after tax of N4.4 billion.
President of Dangote Group, Aliko Dangote, has significantly moved up in the World billionaires’ list as he emerged the 64th richest person in the world, with an estimated worth of $16.6 billion as against his previous ranking of 103rd in the world.
Alhaji Aliko Dangote, President, Dangote Group, says his investment in the sugar sector will place Nigeria on the global map of sugar producers while increasing employment and saving huge foreign exchange for the country.
The President, Dangote Group, Alhaji Aliko Dangote, has retained Africa’s richest man title in the 2019 Forbes Africa’s Billionaires list for the eighth consecutive year, with a current net worth of $10.3 billion.
The Dangote Group on Wednesday unveiled its new products – BlocMaster Cement, Stew mix and Curry powder – to the delight of visitors at the ongoing Lagos International Trade Fair.
The philanthropist attitude of Aliko Dangote, President of Dangote Group, was recognized and highlighted by Richtopia, a digital periodical that covers business, economics and financial news, based in the United Kingdom, on Wednesday as the richest man in Africa was named as the sixth most charitable man in the world.
The President of the Nigeria Football Federation, Amaju Melvin Pinnick, has spoken further on why he invited business moguls, Aliko Dangote and Femi Otedola, to the FIFA Best Awards ceremony in London on Monday night.
The Sultan of Sokoto, Alhaji Sa’ad Abubakar, will lead prominent Islamic leaders to Ibadan on Sunday to raise N1.5 billion for the construction of the International Islamic Centre for Muslim Community of Oyo State.
The award was conferred on Dangote at the Fourth NRA summit attended by top executives of both public and private sector.
Dangote has emerged as the most valuable brand among the top 50 brands in Nigeria for 2018 unveiled at the weekend in Lagos.
The Executive Director of the Dangote Group, Hajiya Halima Aliko Dangote, has urged millennials in Nigeria and across Africa to diversify from service-oriented enterprises to manufacturing and agriculture in a bid to fast-track the development of the continent and better life for its nationals.
Alhaji Aliko Dangote, Chief Executive Officer, Dangote Group, has urged the Federal Government to provide critical infrastructure that would make the nation’s environment conducive for businesses to thrive.
The initiative will see an initial investment of N500 million by Dangote Group
The company even comes ahead of telecommunication giant, MTN, according to the South African based Brand Leadership Movement in collaboration with the Johannesburg Stock Exchange.
He said: “I want to congratulate the Inspector General of Police on this latest donation of 150 cars.
Dangote stated this on Wednesday in Lafia while disbursing N130 million micro grant to 13,000 vulnerable and less privileged women in Nasarawa State.
Dangote spoke just as the flagship of the conglomerate, the Dangote Cement Plc, commenced the training of its newly engaged managers in order to sustain its leadership and competitiveness in the industry.
The MoU was signed on Wednesday
Ambode, who inspected the progress of work alongside cabinet members; billionaire businessmen, Aliko Dangote and Femi Otedola; among other businessmen, said the investments and the infrastructural renewal in the Lekki-Epe axis simultaneously ongoing were geared towards preparing the State for industrial revolution taking place in Nigeria and by extension the West African region