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Category Archives: Business

UBA Foundation Joins Rest of the World to Celebrate International Day of the African Child;

….Donates Books, Reading Sessions Across Africa . In commemoration of the 2022 International Day of the African Child, the UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Group, on Thursday, joined the rest of the world to celebrate African children by holding reading sessions for school children across the African continent and donating thousands ... Read More »

RT200: SANWO-OLU ADVOCATES ECONOMIC DIVERSIFICATION, NON-OIL EXPORTS

Lagos State Governor, Mr. Babajide Sanwo-Olu, has reiterated the call for economic diversification in Nigeria, saying that the country should shift from overdependence on oil and gas, to agricultural produce, solid minerals, chemical products, furniture and clothing as well as tourism among others. He also stressed the need for Nigeria to discourage over-reliance on mono-economic revenue, which is oil and ... Read More »

Dangote Sugar Refinery Restates Commitment to FG’s Backward Integration policy …Rewards Shareholders with N12.147bn Dividend

Dangote Sugar Refinery Plc has restated its commitment to the achievement of Sugar Backward integration projects, describing it as the best thing that happened to the sector. Speaking to shareholders at the 16th Annual General Meeting (AGM) of Dangote Sugar Plc, in Lagos the Chairman of the Company, Aliko Dangote, said that despite the harsh operating environment, the board and ... Read More »

Dangote Cement Shareholders up dividend by 25% to N20 per share

Shareholders of Dangote Cement Plc yesterday commended the Management of the company for an impressive performance despite the economic challenges in the year under review. Unanimously, the shareholders approved N20 per share for the year ended December 31, 2021 as against the N16 paid in the preceding year. This represents a 25 per cent increase in dividend compared to the ... Read More »

SPE, NCDMB Hail Dangote Petroleum Refinery’s World-Class Technology Application

The Society of Petroleum Engineers (SPE) and the Nigerian Content Development and Monitoring Board (NCDMB) have applauded Dangote Petroleum Refinery for its application of world-class technology in the construction of the 650,000 barrels per day refinery project. The two associations, which leaders were on a tour of the petroleum refinery project recently, expressed the belief that the refining facility is ... Read More »

Dangote Refinery to Expose Nigeria’s Downstream, Midstream Sectors to Int’l Markets

The coming on stream of the 650,000 barrels-per-day Dangote Petroleum Refinery will guarantee availability of high quality environmentally compliant products in Nigeria, regional markets in West Africa, Southern Africa and inter-continental markets. The President/CE of Dangote Group, Aliko Dangote made this disclosure on Tuesday at the Nigerian Content Midstream – Downstream Oil and Gas Summit 2022, which held in Lagos. ... Read More »

Dangote still Africa’s Most Admired Brand for 5 Consecutive Years

The Pan-African and fully integrated conglomerate, Dangote Industries Limited (DIL) has again emerged as the most Admired Brand in Africa for the year 2022, for its leadership position in driving quality brands across the continent. Dangote won awards in 8 different categories, on Wednesday at the venue of the award presentation organised by a renowned organisation Brand Africa in Lagos. ... Read More »