Tag: Aliko Dangote

  • Sudan Conflict: Aliko Dangote doles out millions of naira, gift items to Nigerian Returnees

    Sudan Conflict: Aliko Dangote doles out millions of naira, gift items to Nigerian Returnees

    The Aliko Dangote Foundation (ADF) has doled out cash and gift items to offer relief for more Nigerian nationals fleeing the conflict-ridden Sudan.

    Recently, One Hundred and Twenty-Five persons including many disabled, were flown into Abuja by Tarco Airline on Saturday, June 24th, with each receiving N100,000 and dignity packs courtesy of the Business tycoon, Aliko Dangote Foundation.

    TheNewsGuru.com (TNG) gathered that over  2,278 returnees received N100,000 each in May, with care packs to help with their immediate needs, and enable them reunite with their families all across the country.

    ADF reactivated its intervention to help ease the return of stranded nationals evacuated from Sudan amongst them, older people, disabled persons, visually impaired, physically challenged, youth, women and children.

    Two men in their 70s who had planned to go on lesser Haj (umrah) by road through Khartoum got caught up in the war. Even though they tried another route, they were unable to reach their destination having lost all their belongings and their money.

    Several returnees had lost their various businesses to the war. Those businesses included leather works, tailoring, shoe making, buying and selling scrap metal.

    An aged man, Muhammad Saidu Ahmed, said, “I came back from Sudan without a dime’, now I have N100,000.

    “This is a welcome surprise- we never knew we would even survive the bombings.”

    An aged woman narrated that when relatives in Sudan reported that they had lost her son while fleeing, she went in search of him only to discover that he died during a bomb blast.

    The 80-year-old lady, said most of her family managed to escape death traps, bombings all the while desperately fighting hunger, the loss of their homes and livelihoods and displacement.

    They thanked the ADF for the intervention, which they described as unexpected, timely, and life-saving.

  • Dangote reveals real reason behind visit to Tinubu

    Dangote reveals real reason behind visit to Tinubu

    The Chairman of Dangote Group, Aliko Dangote has revealed the reason behind his Friday visit to President Bola Tinubu at the State House, Abuja.

    TheNewsGuru.com (TNG) reports Dangote to have said he was at the State House to schedule a meeting between Microsoft co-founder, Bill Gates and President Tinubu.

    Speaking with State House correspondents after a closed-door session with Tinubu at the Aso Rock Presidential Vila on Friday, Dangote disclosed he and Gates will both see the President on Monday.

    “I did not come to do much. I only came to inform the President about our visit with Microsoft co-founder and my friend Bill Gates.

    “We will both see the President on Monday when we come together,” Dangote said.

  • After losing billions in new FX policy, Dangote visits Tinubu

    After losing billions in new FX policy, Dangote visits Tinubu

    Businessman and Africa’s richest person, Aliko Dangote, on Friday, paid a visit to President Bola Tinubu at the Presidential Villa in Abuja.

    TheNewsGuru.com (TNG) reports this is coming after Bloomberg Billionaire Index (BBI) revealed that Dangote and some Nigerian billionaires lost fortunes in billions of Dollars, following the Central Bank of Nigeria’s (CBN) unification of exchange rate.

    Recall that the CBN on Wednesday introduced a floating exchange rate system in the foreign exchange market by giving traders at the Import and Export (I&E) window the freedom in the exchange rate determination.

    The floating exchange rate is a currency management system where the value of a currency, such as the Naira, is determined by market forces. Factors like commodity prices, interest rates, capital flows, and level of trade flow determine the exchange rate under the floating regime.

    By this development, buyers and sellers of foreign currency in the official FX market are now allowed to quote rates they find comfortable in the FX market. This is against previous practice where rates were dictated by the CBN.

    Following the new FX policy, the Naira on Thursday lost against the dollar at the Investors and Exporters window, exchanging N702.19 to the dollar.

    The local currency depreciated by 5.75 per cent when compared with N664.04 for which it exchanged for the dollar on Wednesday.

    The open indicative rate stood at N658.50 to the dollar on Thursday. An exchange rate of N791 to the dollar was the highest rate recorded within the day’s trading before it settled at N702.19.

    The Naira sold for as low as 461 to the dollar within the day’s trading. A total of 70.72 million dollars was traded at the official Investors and Exporters window on Thursday.

    However, the reason for the visit of Dangote to President Tinubu at the Villa is still unknown.

    Following the CBN’s unification of exchange rate, Dangote and some other Nigerian billionaires, including Abdulsamad Rabiu listed among the 500 richest men in the world, lost more than a combined $5.85 billion, according to the BBI.

    The index revealed that Dangote, President of Dangote Group, lost about $3.12 billion in the latest update, while Rabiu, CEO of BUA Group, was said to have lost $2.73 billion from his wealth in the first 24 hours after the float.

    Speculations are rife that the CBN might begin to supply foreign exchange to the market in the coming days.

    It was gathered that the CBN directed Deposit Money Banks to remove the rate cap on the naira at the official Investors’ and Exporters’ Windows of the foreign exchange market.

    This came barely two weeks after President Bola Tinubu promised to unify the nation’s multiple exchange rates and less than a week before the suspension and detention of CBN Governor Godwin Emefiele, whose unorthodox monetary policies had become a stumbling block to investors and the economy.

    The move has been hailed by some financial experts and economists who made it known that the move would unify the country’s multiple exchange rates and sanitise the FX market.

    The development means buyers and sellers of foreign currency in the official FX markets are now allowed to quote rates they find comfortable in the FX market, as against the previous practice where rates were dictated by the Central Bank of Nigeria.

    Meanwhile, at the parallel market on Thursday, the naira closed flat at 757/dollar, according to currency dealers in Kano, Abuja and Lagos.

  • Kano Assembly gives approval for the renaming of state Varsity after Aliko Dangote

    Kano Assembly gives approval for the renaming of state Varsity after Aliko Dangote

    The Kano State House of Assembly has given their nod for the renaming of the Kano University of Science and Technology, ( KUST)Wudil, after billionaire business mogul Aliko Dangote.

    This was a follow-up to the letter already transmitted to the State Assembly by the executive in May 2022, seeking for the approval of the House to change the name of the institution to Aliko Dangote University of Science and Technology, Wudil.

    The House deliberated and adopted the renaming of the institution during a plenary session presided over by the Speaker, Hamisu Chidari.

    Majority leader of the House, Labaran Madari, who spoke to newsmen after plenary, explained that the lawmakers supported the initiative by the state government due to the immense contribution of Alhaji Aliko Dangote to the development of education in the state.

    The Kano state Commissioner for Information, Muhammad Garba had in May 2022, issued a statement on the approval of renaming the university by the state government, after a recommendation, by the university’s visitation panel.

    Garba noted that the approval of the university has been transmitted to the State Assembly for proper legislative action.

     Kano University of Science and Technology Wudil was established as Kano University of Technology in 2001, but in 2005 the institution was renamed Kano University of Science and Technology Wudil, in conformity with the gazette laws of the university.

    Aliko Dangote was appointed as Chancellor of KUST now Aliko Dangote University of Science and Technology, in 2008 by the former governor of Kano State, Senator Ibrahim Shekaru, and reappointed by the incumbent governor, Dr. Abdullahi Ganduje, in November 2021.

  • Dangote emerges the Most Valuable Brand in Nigeria for 5th year

    Dangote emerges the Most Valuable Brand in Nigeria for 5th year

    A brand and marketing research firm known as Top 50 Brands Nigeria has listed Dangote as the Most Valuable Brand in the country for the 5th year.

    Dangote came out as the winner in the outcome of the 2022 corporate brand evaluation conducted by the firm.

    A statement by the organizer stated that Dangote, MTN Nigeria and Globacom are the topmost brands in Nigeria.

    The statement explained that Dangote emerged top with an aggregate score of 83.7 brand strength measurement index score. This was followed by MTN, Globacom and Access Bank in fourth place.

    Others among the top 10 are Airtel Nigeria, Coca-Cola, Zenith Bank, GTCO, First Bank and UBA at fifth to tenth positions respectively, the statement added.

    It said, “The annual top brands evaluation report which is now like a report card, with which top corporate brands have an independent opinion about their brand performance, from the consumers’ points of view has also become a sort of ‘bragging’ right and a source of pride for the brands that made the top 50 league table, particularly, those that took the lead.

    “The annual top brand evaluation is a qualitative, non-financial estimation of value of top corporate brands in the country. A measure of consumers’ perceptions.”

    TheNewsGuru.com reports that Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote.

    It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people, generating revenue in excess of US$4.1 billion in 2017.

    The company was founded in 1981 as a trading enterprise, importing sugar, cement, rice, fisheries, and other consumer goods for distribution in the Nigeria market.

    The group moved into manufacturing in the 1990s, starting with textiles, moving onto flour milling, salt processing and sugar refining by the end of the decade.

    The company next moved into cement production, growing rapidly and moving into other African countries. A high degree of vertical integration is a hallmark of Dangote Group’s operating strategy.

    The group now owns and operates over 18 subsidiaries, operating in ten African countries.

    Dangote Cement, is one of these subsidiaries that is listed on the Nigerian Stock Exchange, with its market capitalization accounting for almost 20 percent of the total capitalization of the Nigerian Stock Exchange.

    Dangote Group is headquartered in Lagos.

    In 2016, Dangote signed a contract with CNOOC group for the installation of a large underwater offshore pipeline.

    The pipeline, when completed will extend from Bonny (Rivers State) through Ogedegbe, Olokola to Lekki and the Escravos Lagos pipeline, finally terminating at the West Africa Gas Pipeline.

  • Why Buhari appointed Aliko Dangote to head 16-member council

    Why Buhari appointed Aliko Dangote to head 16-member council

    Details have emerged on why President Muhammadu Buhari appointed the founder and president of Dangote Group, Alhaji Aliko Dangote to head the 16-member Nigeria End Malaria Council (NEMC).

    TheNewsGuru.com (TNG) reports President Buhari on Tuesday in Abuja inaugurated NEMC, projecting that the successful implementation of the Council’s agenda and savings from the estimated economic burden of the disease would save Nigeria about N687 billion in 2022 and N2 trillion by 2030.

    Buhari told the 16-member Council that beyond improving the quality of life, health and well-being of Nigerians, the concerted strategy to tackle malaria had both public health as well as socio-economic benefits for Nigeria.

    “Our inauguration today will therefore ensure that malaria elimination remains a priority on our agenda, with strong political commitment from leaders at all levels. Additionally, the End Malaria Council will provide a platform to advocate for more funding to protect and sustain progress made so far by our country, and put us on a pathway to ending malaria for good,” Buhari said.

    Expressing concern that the age-long disease had remained a major public health challenge in Nigeria, the President cited the World Health Organisation (WHO) report of 2021, showing that Nigeria alone accounts for 27 per cent of all cases of malaria and 32 per cent of deaths globally.

    “Malaria infection can cause severe disease and complication in pregnant women and lead to high rates of miscarriage. It is also responsible for a considerable proportion of deaths in infants and young children, with children under 5 years being the most vulnerable group affected. These are reasons we must not relent in fighting malaria,” he said.

    On his choice of Dangote to chair the Council, President Buhari explained that it was in recognition of the track record and passion of Africa’s richest man in supporting initiatives on various health issues such as polio and primary health care system strengthening.

    He expressed confidence that Dangote would bring his outstanding achievements to help the country achieve its goal of malaria elimination, adding that a group of eminent personalities, who have also made their mark across all walks of life, have been selected to work in the Council.

    He added that the membership of the Council reflects Government’s commitment to significantly reducing the malaria burden in Nigeria, to a level where it is no longer a public health issue.

    “I have been informed that the End Malaria Council (EMC) has already been established in other African countries, in line with the African Union Assembly Declaration for Establishment of EMC’s in Africa. EMCs have provided leadership, new funding and innovation to enable these countries stay on track to meet malaria burden reduction targets, and I am optimistic that the setting up of the Nigeria End Malaria Council will do the same for Nigeria.

    “I must add that with the additional advocacy and funding the Council will bring to the malaria control drive, we can anticipate a reduction in malaria burden that ensures that our children, pregnant women, indeed, all Nigerians are shielded from the disease.

    “We must work together to reduce the unnecessary deaths attributable to malaria and ultimately improve the well-being of citizens. I implore the Council to ensure best practices and innovative strategies in achieving its mandate,” the President said.

    Buhari used the occasion to thank the Chairman of the African Leaders Malaria Alliance (ALMA), President Uhuru Kenyatta of Kenya, the Executive Secretary of ALMA, RBM Partnership in Nigeria for their continuous support to the Federal Ministry of Health and the malaria programme, in particular.

    He also acknowledged the contributions of the Global Fund, the United States Agency for International Development, the President’s Malaria Initiative, Bill and Melinda Gates Foundation, WHO , UNICEF, UK Foreign and Commonwealth Development Office, other implementing partners, and the private sector.

    In separate remarks, the Minister of Health, Osagie Ehanire, and the Minister of State for Health, Joseph Ekumankama Nkama, said since 2010, Nigeria has been recording a continuous decline in malaria from 42 per cent in 2010, 27 per cent in 2015 to 23 per cent in 2018.

    Quoting figures from the 2010 Nigeria Malaria Indicator Survey and the 2018 Nigeria Demographic and Health Survey, they attributed the decline to the thorough implementation of the National Malaria Strategic Plan (NMSP).

    Both ministers, however, admitted that funding gap has impacted the implementation of the malaria programmes in Nigeria, adding that the country needs N1.89 trillion to reduce malaria prevalence and mortality by 2025.

    Ekumankama said: ‘‘The biggest challenge confronting us, which prevents the elimination of malaria, to ensure a malaria-free nation in the shortest possible time is inadequate finances to fund the NMSP.

    “We are currently implementing NMSP of 2021 to 2025, with the intent to achieve a parasitic prevalence of less than 10 per cent and reduce mortality attributable to malaria to less than 50 deaths per 1000 live births by the year 2025. It will take about N1.89 trillion to implement this plan.

    “However, in the first year of its implementation we had an estimated deficit of over N150 billion and in 2022, we already have a deficit of over N170 billion.”

    In his acceptance speech, Dangote thanked the President and all members of the Council for entrusting him with the enormous responsibility, pledging to work hard to achieve the mandate.

    “I must confess that this resonates with my current role as the Nigerian Ambassador for Malaria, my role on the Global End Malaria Council and with the work that my Foundation is doing to mobilise the private sector to support malaria control in Nigeria and Africa at large,’’ he said.

    The Council members are: Shehu Ibrahim, Permanent Secretary, Office of the Vice President on Political and Economic Affairs, Governor Kayode Fayemi of Ekiti State and Chairman of the Nigeria Governors’ Forum (NGF), Sen. Yahaya Oloriegbe, Chairman, Senate Committee on Health, Hon. Abubakar Dahiru, Chairman, House Committee on AIDS, TB and Malaria, Dr Ehanire, Hon. Ekumankama, Mahmuda Mamman, Permanent Secretary, Federal Minister of Health.

    Others include, Tony Elumelu, Chairman, Board of Directors, UBA, Folurunsho Alakija, CEO, Rose of Sharon Group, Herbert Wigwe, CEO, Access Bank, Femi Otedola, CEO Forte Oil, Hajiya Lami Lau, President, National Council of Women Societies, John Cardinal Onaiyekan, Emertius Archbishop of Abuja Catholic Archdiocese, Alhaja Rafiyat Sanni, National Amira, Federation of Muslim Women Nigeria (FOWAN) and Dr Perpetua Uhomoibhi, NEMC Secretariat/National Coordinator, National Malaria Elimination Programme (NMEP).

  • BREAKING: President Buhari gives Dangote appointment

    BREAKING: President Buhari gives Dangote appointment

    President Muhammadu Buhari has appointed Aliko Dangote of Dangote Group as the head of the Nigeria End Malaria Council (NEMC).

    TheNewsGuru.com (TNG) reports Dangote’s appointment followed the inauguration of NEMC by President Buhari on Tuesday.

    Dangote was appointed head of NEMC, a 16-member Council, in recognition of his track record and passion for supporting various health initiatives across the African continent.

    During the inauguration of the NEMC, Buhari projected that the successful implementation of the Council’s agenda and savings from the estimated economic burden of the disease would save Nigeria about N687 billion in 2022 and N2 trillion by 2030.

    President Buhari told the 16-member Council that beyond improving the quality of life, health and well-being of Nigerians, the concerted strategy to tackle malaria had both public health as well as socio-economic benefits for Nigeria.

    The Council members are Shehu Ibrahim, Permanent Secretary, Office of the Vice President on Political and Economic Affairs, Governor Kayode Fayemi of Ekiti State and Chairman of the Nigeria Governors’ Forum (NGF), Sen. Yahaya Oloriegbe, Chairman, Senate Committee on Health, Hon. Abubakar Dahiru, Chairman, House Committee on AIDS, TB and Malaria, Dr Ehanire, Hon. Ekumankama, Mahmuda Mamman, Permanent Secretary, Federal Minister of Health.

    Others include Tony Elumelu, Chairman, Board of Directors, UBA, Folurunsho Alakija, CEO, Rose of Sharon Group, Herbert Wigwe, CEO, Access Bank, Femi Otedola, CEO Forte Oil, Hajiya Lami Lau, President, National Council of Women Societies, John Cardinal Onaiyekan, Emertius Archbishop of Abuja Catholic Archdiocese, Alhaja Rafiyat Sanni, National Amira, Federation of Muslim Women Nigeria (FOWAN) and Dr Perpetua Uhomoibhi, NEMC Secretariat/National Coordinator, National Malaria Elimination Programme (NMEP).

  • Niger Republic honours Buhari’s aides, Dangote, 4 other Nigerians with highest civilian awards

    Niger Republic honours Buhari’s aides, Dangote, 4 other Nigerians with highest civilian awards

    The Republic of Niger has honoured six Nigerians with the country’s highest national awards as part of activities to mark the country’s Independence Day on August 3rd.

    TheNewsGuru.com (TNG) reports that the six Nigerians so honoured on Wednesday include two presidential aides, two businessmen and two state governors.

    Those honoured from the Presidency were Sarki Abba, Senior Special Assistant (Household and Domestic Affairs) to President Muhammadu Buhari, and the State Chief of Protocol, Amb. Lawal Kazaure.

    Businessmen honoured are Alhaji Aliko Dangote, President of Dangote Group and Abdulsamad Rabi’u, President, BUA Group.

    The two governors honoured are Alhaji Badaru Abubakar of Jigawa and Mohammed Bello Matawalle of Zamfara.

    They were awarded the “Order of Merit of Niger’’ and “Great Master of National Awards’’.

    Presenting the awards, President Mohammed Bazoum said his country cherished Nigeria as one of its closest neighbours and friends.

    In various citations he read, Bazoum praised the efforts of “Brother Nigerians’’ who had made great strides in increasing understanding between the two nations and for acting as agents of social and economic development.

    Chairman of the Progressive Governors Forum and Governor of Kebbi State, Abubakar Bagudu, was one of those who graced the occasion.

    Malam Garba Shehu, spokesman for President Muhammadu Buhari stated in Abuja on Wednesday that the awards were in recognition of the recipients’ roles in the promotion of better relations between the two countries.

    Aug. 3 is a day set aside to mark Niger’s independence from France in 1960.

    The Francophone country also marks the day as “Tree Planting Day’’ as its nationals have been planting trees on the anniversary since 1975 to fight desertification.

  • Azman Air rejects Dangote’s son-in-law for allegedly supporting killers of Deborah

    Azman Air rejects Dangote’s son-in-law for allegedly supporting killers of Deborah

    Azman Air has rejected Jamil Abubakar, a former pilot in its crew and son-in-law of Dangote for allegedly supporting killers Deborah Yakubu.

    The airline in a public notice disowned him stating that :
    “Capt Jamil Abubakar is no longer a pilot @AzmanAir; his last flight with us was 22nd Dec 2019,” Azman Air said in a rebuttal tweet.

    Azman airline has distanced their organisation from Jamil Abubakar, a member of the Dangote family, 24 hours after he justified the killing of Deborah Samuel by islamic extremists.

    Nigerians with the impression that Mr Abubakar was an Azman Air staff launched tirades against the company for employing the services of a perceived religious bigot.

    Dissociating the airline from Mr Abubakar, Azman Air released a statement to inform Nigerians that the pilot had ceased to be their staff since 2019.

    “PUBLIC NOTICE: Capt Jamil Abubakar is no longer a pilot @AzmanAir; his last flight with us was 22nd Dec 2019,” Azman Air said in a rebuttal tweet. “We refuse to take responsibility for a comment or view of a former staff. The general public should kindly take note.”

    Ms Samuel, a 200 level Home-Economics student accused of blasphemy, had complained bitterly over the influx of religious broadcast messages shared to her department’s WhatsApp page.

    Her complaints elicited the fury of fanatic coursemates and schoolmates who stoned her to death and set her lifeless body ablaze.

  • Dangote fertilizer to take over Ghana, Cote d’Ivoire, Togo and Burkina Faso markets

    Dangote fertilizer to take over Ghana, Cote d’Ivoire, Togo and Burkina Faso markets

    Ghanaian businessman and chairman of Translas Logistics Company Limited, Alhaji Baba Kamara, has signed a deal with Nigeria’s business mogul, Aliko Dangote, to be the sole distributor of Dangote Fertiliser in Ghana, Cote d’Ivoire, Togo and Burkina Faso.

     

    This comes as a strategic relief to the nation at a critical time that the Russia-Ukraine war has caused shortages of urea-based fertiliser and driven prices up.

     

    The two countries are major suppliers of urea, potash and phosphate; key components of fertilisers.

     

    Confirming the arrangement, Alhaji Kamara said the product would be available on the market by June.

     

    “Agriculture is the backbone of the economy in West Africa and the shortage of fertiliser around the world is threatening production and food security. To ensure that impact is not dire, Dangote has decided to expedite work on its fertiliser production and has also chosen Translas to be the distributor in Ghana and its neighbouring countries.

     

    “Hopefully, by June, the first consignment should be arriving and this will be a big relief for the agricultural sector as the availability of fertiliser will give hope to farmers,” Alhaji Kamara said.

     

    Alhaji Kamara said a memorandum of understanding (MoU) between the two companies would see Translas Logistics ordering straight from the fertiliser plant at Dangote Free Trade Zone in Lagos for onward distribution to its service countries.

     

    “ Translas will source the consignment straight from the plant and then from there, distribute to the countries under its jurisdiction. All the logistics have been put in place and we are waiting for the consignment to be ready,” Alhaji Kamara indicated.

     

    He explained that the products would be sold in accordance with international laws and regulations.

     

    Since last year, farmers in the country have been struggling to access fertiliser for production and earlier this year, the Ministry of Food and Agricultural (MoFA) admitted to challenges with the supply of fertiliser.

     

    A Deputy Minister of the MoFA, Yaw Frimpong, however, blamed the situation partly on the global impact of the COVID-19 pandemic as well as Russia’s invasion of Ukraine.

     

    Mr Frimpong said the issue was not peculiar to the country as chemical fertiliser was in short supply all around the world.

     

    He said apart from the outbreak of COVID-19 in 2020, which affected production and distribution, thereby creating shortage, the Russia-Ukraine war had also compounded the challenge.

     

    “Those two countries together, I think, account for over 60 per cent of the world’s supply of chemical fertiliser,” the deputy minister said in an interaction with the media last March.