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Desire of the Management of Dangote Cement to ‘buy back’ 10 per cent of its entire issued shares from shareholders was unanimously granted on Wednesday as the company’s shareholders’ voted in support of the ‘share buy back’ plans. Dangote Cement, which currently has 17.04 billion fully paid up ordinary shares of 50 kobo each, would be buying back 1.70 billion shares.
Vice President Yemi Osinbajo, former President Olusegun Obasanjo and All Progressives Congress (APC) National Leader, Bola Tinubu, on Saturday in Lagos graced the 80th birthday celebration of Chief Rasaq Okoya, founder of Eleganza group of companies.
The Minister of Industry, Trade and Investment, Mr Richard Adebayo, said that the ministry would partner Dangote Group to set up a Foreign Trade Academy.
Africa’s wealthiest man, Alhaji Aliko Dangote ended 2019 with a total worth of $14.8 billion, representing an increase of $4.3 billion from the $10.3 billion recorded in 2018, according to Bloomberg’s Billionaires Index released recently.
The Ooni of Ife Oba Enitan Adeyeye Ogunwusi has stressed the need for the nation to cultivate the habit of celebrating those who have and are making the country proud by offering exemplary leadership and making sacrifices for growth and development.
African richest man Aliko Dangote has significantly moved up in the World billionaires’ list as he emerged 96th richest person in the world, with an estimated worth of $14.8 billion, as against his previous ranking of 103rd in the world.
As part of Dangote Industries Limited’s commitment to the Federal Government of Nigeria, Group President/CE of Dangote, Aliko Dangote, took the Minister of Works and Housing, Babatunde Fashola, on an inspection tour of the 35-kilometer Apapa-Oshodi-Oworonsoki-Ojota highway currently under construction by Dangote Industries Limited.
Dangote Cement Plc is seeking shareholders’ approval to embark on share buy-back in move aimed at improving return on equity and shareholder value.
Chairperson of the Nigeria Women Football League, Aisha Falode, has commended the on-going initiative under the Youth and Sports Development Minister Sunday Dare, adding it would help the further development of sports in the country.
The Nigeria Governors’ Forum (NGF) led by Ekiti State governor, Dr. Kayode Fayemi, on Friday commended the Lagos State government for creating an enabling environment for the construction of the Dangote Refinery at Lekki Free Trade Zone in Ibeju Lekki.
Since the implementation of the Nigerian Sugar Master Plan in 2013, over N157bn has been invested in the sugar sector through the Backward Integration Strategy.
The President/Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, yesterday said the company would increase its revenue base from $4 billion to $30 billion by 2021.
This was the revelation from Simon Tsuwan, a representative of the Acting Managing Director, Nigeria Export Processing Zones Authority (NEPZA), David Terhemba Nongo, has revealed. He spoke on the sidelines of a two-day national workshop in Lagos, last week.
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has advised corporate bodies in the country to take advantage of the Presidential Order 7 to raise infrastructure bonds at concessionary rates to support the federal government in its desire to develop infrastructure in Nigeria.
Details of the incident are unclear, however, a government statement gave his name as Juergen Schedema and local media reported that he worked as a manager in a logging firm in the West African state.
Chinese authorities have urged people to stop travelling in and out of Wuhan, the city at the centre of a new virus outbreak that has killed 17 people.
Leicester City boss Brendan Rodgers has opened up on Wifred Ndidi’s ‘remarkable’ return.
The Kaduna State Traffic Law Enforcement Authority (KASTLEA) is being automated to make traffic enforcement in more efficient, a government statement said on Wednesday.
Comrade Solomon Okoduwa, Senior Special Assistant, (SSA) Edo State Governor on Anti-Human Trafficking Issues, on Wednesday cried out over what he described a series of threats to his life.
Following the return of Imo State to the All Progressives Congress, APC, a chieftain of the party and former senatorial candidate in the 2019 general elections in Imo State, Barrister Chyma Anthony, Friday, called on the Federal Government to consider making functional, the Sam Mbakwe International Airport, to boost commerce and industry in the state and the country in general.
Four of Iran’s top football clubs Monday threatened to boycott the Asian Champions League unless a reported ban on the Islamic republic hosting international matches is lifted.
A civil society organisation, the Civil Empowerment and Rule of Law Support Initiative (CERLSI), has threatened to institute legal actions against the Management of Auchi Polytechnic, Auchi if they fail to repeal the decision to revoke admission of new students of the institution.
A Non-Governmental Organisation (NGO), the Royal Ambassador Organisation of Nigeria, has declared support for the Governor Godwin Obaseki-led administration’s policies and programmes, targeted at ensuring sustainable peace across Edo.
“Europe has been very, very tough to deal with,’’ Trump told U.S. broadcaster, CNBC at the World Economic Forum summit in the Swiss town of Davos, one day after meeting European Commission President Ursula von der Leyen there.