Tag: Dangote

  • I am not Dangote, I don’t make N5 million a day – Ifu Ennada

    Big Brother Naija 2018 star, Ifu Ennada, has said she does not make N5 million a day, adding that she is not Dangote.

    The reality TV star, in a post on Tuesday on Instagram, vowed that she would curtail her lending rate in 2020.

    “I don’t make 5million a day abeg, I no be Dangote. Make una pay me my money. You know yourselves. When it’s time to borrow, ya’ll are cute and sorrowful, when it’s gone past time to pay, una go begin vex on top my own money. All this rubbish will stop in 2020,” she said.

     

    TheNewsGuru recalls that back in 2018, the reality TV star said she can never be poor.

    “I just want to thank God because I can never be poor again. Massive investments are paying. Bigger projects coming. New car coming soon. Small girl great God,” she wrote.

    Ifu Ennada, born Iheme Uloma, is a native of Abia State and graduate of computer science from Olabisi Onabanjo University, Ogun State.

    The ex-Big Brother Naija housemate starred in the movie titled O-Town, which earned her nomination for best young and promising actress.

    In 2017, her self-produced short film, Tears of a Broken Virgin, premiered at the InShort Film Festival and she won the award for Best Actress for her role in the film.

     

  • Dangote gets world’s largest crude distillation equipment

    The world’s largest crude distillation column equipment designed for crude oil processing for Dangote Refinery was delivered in Lagos on Sunday.

    The crude distillation column is the largest in distilling capacity, which is 650,000 barrels per stream day. This is currently the world’s largest single train refining column, the company said.

    The equipment weighs 2,250 metric tonnes (MT), 112.5 metres in length, 14.036 metres in width and 13.752 metres in height, the company added. But the weight mentioned above does not include that of the internal trays, which is approximately 536 MT.

    Head, Maritime and Ports Infrastructure at Dangote Group, Capt. Rajen Sachar, said the equipment is the biggest single train facility used for refining crude.

    The refinery equipment, which was manufactured by Sinopec in China, according to Sachar, is the primary unit processor of crude oil into fuels.

    The unit head explained that crude oil consists of various chemical components that have different molecular sizes, molecular weights and boiling temperatures.

    He said the crude distillation column works on the principle of fractional distillation, leading to separation of various components in the mixture on the basis of their different boiling points.

    “Crude oil enters the top of the column, where the inlet temperature is 165 degrees Celsius, gradually increasing to 357 degrees Celsius at the bottom of the column.

    “During this passage, the crude and its vapours pass through a complex web of internal trays to increase the contact time and surface area within the column, with the hot vapours travelling upwards through bubble caps which allow the vapour to pass through the tray with the cooler liquid flowing downward the column.

    “When the vapour reaches the height within the column where its boiling point is equal to the temperature of the column at that height, it condenses to form a liquid. The liquid then collects on various trays in the column at differing heights from where it is extracted out of the column.

    “It is, therefore, critical to control the heat load of the column to optimise the crude crack. These separated fractions are mainly middle distillates namely, Naphtha, Jet Fuel, Kerosene, Gasoline and Gas Oil,” Sachar said.

    He also explained that the refinery, when completed, will produce Euro-V quality gasoline and diesel as well as jet fuel and polypropylene.

    The unit head said the crude column will enhance the economy of Nigeria and all neighbouring countries in Africa by making available refined petroleum products, meeting world standards emission norms of Euro 5 and Euro 6.

    Sachar said the strategic location of Nigeria in West Africa will help in reducing the transportation costs of the fuels to other countries in the sub-region, thereby providing cost-effective, high-grade petroleum products to them.

    “This refinery, with a capacity of 650 kbpsd, is higher than the total petrol demand of Nigeria, thus catapulting Nigeria’s position from net importer of petroleum products to a net exporter of petroleum products. The technology is significant to Nigeria and Dangote Refinery because this is the largest crude oil processor in the world,” he said.

    According to him, the project is expected to generate over 9,500 direct and 25,000 indirect jobs.

    Sachar said it took Sinopec in China 14 months to build the equipment and another eight weeks to bring it down to Nigeria.

    “We decided to ship it through vessel from China to avoid being damaged and to avoid traffic congestion, if using roads from Apapa.

    “Dangote Oil Refinery Company is currently training about 150 young Nigerian engineers in refinery operations in Mumbai, India, in preparation for the take-off of the refinery,” he said.

    Pilot Grade 1 of the Nigerian Ports Authority (NPA), Mr Lawal Fagbo Saheed, hailed the vessel crew who brought the equipment from China.

    He said it took seven hours to drive the vessel from Apapa to Dangote Refinery due to the weight of the equipment.

  • Photo: Buhari meets, applauds Bill Gates, Dangote for service to humanity in Nigeria

    Photo: Buhari meets, applauds Bill Gates, Dangote for service to humanity in Nigeria

    President Muhammadu Buhari on Wednesday applauded the contributions of Bill and Melinda Gates Foundation, and Aliko Dangote Foundation to humanitarian and developmental activities in Nigeria.

    Meeting with the duo at the sidelines of the 74th United Nations General Assembly in New York, the President said they have touched humanity in many positive ways, and congratulated them “for achieving what you had set out to do.”

    According to a statement by the Special Adviser on Media and publicity, Chief Femi Adesina, the President added “Thanks for deriving pleasure in helping people. Congratulations to you for returning part of your wealth to the people in diverse ways. Whatever we save in areas in which you have intervened, we can deploy to other areas like building of infrastructure,”

    On agriculture, in which Alhaji Dangote makes huge investments, the President noted that farmers were very happy in Nigeria now, “as we have made fertilizer available, cut the price by half, and given many other incentives. They have no regret going back to the lands. The more we invest in agriculture, the better for us.”

    Mr Gates congratulated President Buhari “for assembling a cabinet that excites us,” saying he was pleased that one of the priorities of the administration was human capital development, of which health, nutrition and education are key components.

    Noting that Bill and Melinda Gates and Aliko Dangote Foundations keep track of Nigeria’s attainments on Sustainable Development Goals (SDGs), as enunciated by the United Nations, he submitted that they were encouraged that there was improvement in reduction of child mortality.

    “Every local government area has better health/education situation today than in year 2000. We are delighted about that. Nigeria is our biggest commitment in Africa. It’s only in India we do more in the world,” Mr Gates said.

    On polio eradication, he said Nigeria reached a zero wild polio virus free milestone for three years in August, noting that the next six months were critical, so that the country could finally be declared polio free.

    Alhaji Dangote appreciated the Nigerian military for helping with vaccination in the theatres of war while fighting insurgency, thus adding to the advances in the country’s polio status.

  • UN appoints Dangote, Adesina, 25 other global leaders to combat malnutrition

    UN appoints Dangote, Adesina, 25 other global leaders to combat malnutrition

    The United Nations has appointed Aliko Dangote, president of Dangote Group, and Akinwunmi Adesina, president of the African Development Bank, as part of 27 global leaders to combat malnutrition across the world.

    The appointment was made by António Guterres, the secertary-general of the United Nations, as part of the Scaling Up Nutrition (SUN) Movement committed to fighting malnutrition in all its forms.

    According to a statement released by SUN to this effect, the leaders will meet on September 24 to take a decision on the continuation of the SUN Movement into its third phases (2021-2025).

    The leaders will also make commitments to achieve its objectives – looking toward the 2020 Tokyo Nutrition for Growth Summit.

    One in three people suffer from malnutrition the world over and 149 million girls and boys are stunted, a trend the group is set up to stop and reverse.

    The 27 people appointed to the group are:

    • Akinwumi ADESINA (Nigeria),
      President, African Development Bank
    • Aliko DANGOTE (Nigeria)
      Chairman and CEO, Dangote Group
    • Manal AL ALEM (Jordan), Chef
    • Reem Ebrahim AL-HASHIMI (UAE),
      Cabinet Member and Minister of State for International Cooperation
    • Mercedes ARÁOZ FERNÁNDEZ (Peru),
      Vice-President, Republic of Peru
    • Inger ASHING (SWEDEN),
      CEO, Save the Children International
    • Cherrie ATILANO (Philippines),
      Founder and CEO, Agrea Agricultural Systems Internaional Inc.
    • Alicia BÁRCENA IBARRA, (Mexico)
      Executive Secretary, Economic Commission for Latin America and the Caribbean
    • David BEASLEY (USA)
      Executive Director, World Food Programme
    • Martin CHUNGONG (Cameroon),
      Secretary General, Inter Parliamentary Union
    • Josefa Leonel CORREIA SACKO (Angola),
      Commissioner for Rural Economy and Agriculture, African Union Commission
    • Annette DIXON (New Zealand)
      Vice President Human Development, World Bank
    • Chris ELIAS (United States of America)
      President of Global Development, Bill & Melinda Gates Foundation
    • Shenggen FAN (China),
      Director General, International Food Policy Research Institute
    • Henrietta H. FORE (USA)
      Executive Director, UNICEF and Chair of the SUN Movement Lead Group
    • Sophie HEALY-THOW (Ireland),
      Youth Leader
    • Daniel KABLAN DUNCAN, (Côte d’Ivoire),
      Vice President Côte d’Ivoire
    • Monica Katebe MUSONDA (Zambia),
      Founder and CEO, Java Foods
    • Jakaya KIKWETE (Tanzania)
      Former President United Republic of Tanzania, Kikwete Foundation
    • Shinichi KITAOKA (Japan),
      President Japan International Cooperation Agency (JICA)
    • Maryam MONSEF (Canada),
      Minister of International Development and Minister for Women and Gender Equality, Canada
    • David NABARRO (United Kingdom),
      Sustainable Development Facilitator, 4SD
    • Sania NISHTAR (Pakistan),
      Founder and President, Heartfile Foundation
    • Inia SERUIRATU (Fiji),
      Minister of Foreign Affairs, Fiji
    • Feike SIJBESMA (The Netherlands),
      CEO, Royal Dutch DSM
    • Gunhild Anker STORDALEN (Norway),
      Founder and President, EAT Foundation
    • Gerda VERBURG (The Netherlands),
      UN Assistant Secretary-General and Coordinator of the SUN Movement
  • Nigeria loses 300,000 tonnes of sugar to smugglers annually – Dangote

    Nigeria is currently losing at least 300,000 tonnes of sugar to smuggling annually, the Chairman, Dangote Group, Alh. Aliko Dangote, has said.

    He made this known during the Dangote Sugar Annual General Meeting (AGM) in Lagos on Tuesday.

    He said that the smuggling activities in the sugar industry had hindered the employment of at least 250, 000 Nigerians.

    According to him, it has also led to economic sabotage.

    Dandote acknowledged that negative activities made 2018 a challenging year for the company.

    He identified the influx of smuggled sugar into key markets nationwide as one of such negative activities.

    According to him, the Apapa gridlock also affected the evacuation of products from the refinery and constrained logistics operations, distribution, and delivery to customers.

    He said that the performance of Savannah Sugar Company was impacted by communal clashes between the host community and herdsmen.

    The industrialist said that the situation led to the closure of the company for more than three months.

    The business mogul said that despite the challenges, the company continued to post resilient performance.

    He disclosed that the company achieved a Group turnover of N150.4 billion, a 26 per cent decrease over N204.4 billion posted in 2017.

    According to him, a profit before tax of N34.6 billion, and a profit after tax of N22 billion Naira.

    Dangote said that EBITDA decreased to N37.6 billion compared to N51.4 billion achieved in 2017.

    He disclosed that the Board recommended and shareholders ratified the payment of a total dividend of N13.2 billion, being N1.10 per ordinary share of 50 kobo for the year ended December 31, 2018.

    Mr Ravindra Singhvi, Chief Operating Officer, Dangote Sugar Refinery, said that the future outlook for the company was to continue to leverage on its strength.

    He said that the company would maximize opportunity to generate sales, increase market share and create sustainable value for all stakeholders.

    Singhvi said that though the terrain remains challenging, the company was committed to rapidly adapting to market changes and employ numerous levers to mitigate major effects on performance in the years ahead.

    Speaking on the company’s performance, Mr Boniface Okezie, National Coordinator, Progressive Shareholders Association of Nigeria, urged the Nigeria Customs Service to improve its efforts in reducing smuggling activities in the country.

    He also advised Dangote Sugar to explore the option of having a cube sugar in its range of products to shore its earnings.

    Also, Mr Sunny Nwosu, National Coordinator, Independent Shareholders Association of Nigeria, advised the company to embark on research that would make sugar acceptable to consumers health wise.

    He said that many consumers were shying away from the consumption of sugar due to fear of diabetes, adding that achieving breakthrough in the research would assist to increase their customer base.

    The News Agency of Nigeria (NAN) reports that Dangote Sugar Refinery, Apapa, is one of the largest sugar refineries in the world, with 1.44 metric tonnes per annum installed capacity.

    With a current 70 per cent capacity utilisation, the company is implementing various initiatives and projects toward continuous improvement in operations, targeted at sustaining its leadership position in the Nigerian sugar industry.

  • Gov. Ganduje, Sanusi reconcile as Dangote, Fayemi broker peace

    Gov. Ganduje, Sanusi reconcile as Dangote, Fayemi broker peace

    The crisis between Gov. Abdullahi Ganduje of Kano State and the Emir of Kano, Alhaji Muhammadu Sanusi ll has finally been resolved following a reconciliatory meeting between the two in Abuja.

    This is contained in a statement by Mr Abba Anwar, the Chief Press Secretary to Gov. Ganduje and made available to the News Agency of Nigeria (NAN) in Kano on Saturday.

    According to Anwar, the reconciliatory meeting was initiated by the Kano born business mogul Alhaji Aliko Dangote and the Chairman of Nigeria’s Governors’ Forum, Dr Kayode Fayemi.

    He said after the meeting, the duo exchanged pleasantries with each other in Abuja on Friday.

    “As the two leaders met, they congratulated each other for the successful completion of the Ramadan Fast and the Eid-el-Fitr celebration.

    “Both leaders spoke and urged all Muslims to continue with the good teachings and spirit of the Fasting period of the Month of Ramadan.

    “Emir Sanusi seized the opportunity to congratulate Gov. Ganduje for the victory in his second term in office. He also wished the governor successful tenure in office.”

    He said: “For healthier relationship between the two institutions of government and Kano Emirate Council, the dialogues will continue.”

    NAN recalls that the Kano State Government on Thursday queried the Sanusi over alleged misappropriation of N3.4bn by the Kano Emirate Council.

    The state government had also created four emirates out of Kano.

  • Teni the entertainer meets Dangote[VIDEO]

    Teni the entertainer meets Dangote[VIDEO]

    There are many reasons to love Teni the Entertainer, a.k.a Teni Makanaki.

    From her beautiful dimples , her outrageously charming smile and melodious voice all indicate that she is a star born for a moment like this

    The versatile singer who is gradually working her way into reckoning finally met Africa’s richest man, Dangote, whom she made reference to in her hit song ’ For your case’.

    The Dangote part seem to be fans favourite line in the song.

    “For my papa no be Dangote or Adeleke, but we go dey okay”, fans croon whenever she performs the song.

    At a recent event, the singer signed to Dr Dolor Entertainment performed the song in the presence of Aliko Dangote.

    At the event she dedicated the song to the business tycoon, stating that she is now his daughter.This made the guests and Dangote erupt in laughter

    https://www.instagram.com/p/BwRZcxCFsZ6/

     

  • Otedola, celebrities congratulate Dangote on 62nd birthday

    Otedola, celebrities congratulate Dangote on 62nd birthday

    Business tycoon, Femi Otedola and notable Nigerian celebrities took to their instagram handles to celebrate with billionaire Aliko Dangote as he marks his 62nd birthday.

    Otedola did not only wish Dangote a happy birthday, he described him as `the greatest man that has come out of Africa.’

    Read more:
    “Happy birthday to my brother, mentor, and best friend. Greatest man that has come out of Africa… F.Ote.”

     

    Meanwhile, notable Nigerian celebrities have also taken to various social media platform to celebrate with the business tycoon on his birthday.

    Paul Okoye, also took to his instagram handle, iamkingrudy to wish Dangote a happy birthday.

    “Happy massive birthday to my big oga#chairman Aliko Dangote* More blessing.

    Similarly, his twin Petersquare said,“ Happy birthday to my mentor and uncle. Wishing many happy returns to the person who taught me how to pursue my goals.

    “Uncle Aliko you have been a great inspiration to me and I wish you a happy birthday, sir.”

    Comedian, Bovi on his instagram handle, officialbovi said,“ Happy birthday to my best friend and fellow billionaire, Alhaji Aliko Dangote. I remember when we took this picture 4 years ago, you advised me to go public with my company.

    “ So I sold shares on the mic and like they say, the rest is history.’’

    On his part, veteran comedian, Ali Baba, also posted on his instagram handle, alibabagcfr also wihed Dangote a happy birthday, saying, “Happy birthday @aliko_dangotegcon.#fromFoorToForbes.

    Dangote was named as the Forbes Africa Person of the Year 2014 .

    He is currently worth was U.S $10.7 billion.

  • [Video] Dangote had to withdraw $10m to confirm he was wealthy

    Africa’s richest man, Alhaji Aliko Dangote, said he didn’t believe how wealthy he was until he withdrew $10 million from his bank account all at once.

    Dangote disclosed this during an interview session with fellow billionaire — Dr Mo Ibrahim, at the 2019 Ibrahim Forum in Abidjan, Cote d’Ivoire.

    Mo was full of questions – The renowned industrialist was asked about how he felt when he first achieved success.

    In response, Dangote stated that he didn’t believe he had money until the day he drove himself to the bank, withdrew the sum of $10 million, and took it home in the butt of his car. He said he took the money inside his house, stared at it, and returned it to the bank the following day.

    Afterwards, he believed he was a millionaire.

    Mo also asked for details about the Dangote Refinery. About $13bn expended on the project– According to Africa’s richest man, the refinery project he is undertaking in Lagos has, so far, gulped between $12 billion to $13 billion.

    When asked why it seems so expensive, Dangote explained that the project is multifaceted, covering the refinery, petrochemical, fertiliser, and gas pipeline.

    He then described the project and the facility it is located on which, according to him is “huge”. And just so you know how huge, it has 30 kilometres of fencing!

    He also talked about some of the challenges they’ve faced, including having to build a port for the facility. This is because regular Nigerian ports cannot handle the weight of some of the equipment they are shipping in.

  • Why Northern Nigeria will continue to remain poor – Dangote

    African richest and Chairman of Dangote Group of Companies, Alhaji Aliko Dangote has said Northern Nigeria will continue to remain poor except states governments move to close the development gap between the north and the south.

    Dangote, who spoke at the 4th edition of the Kaduna Investment Summit (KadInvest 4.0) in Kaduna on Wednesday, berated Northern governors for doing little to end poverty in the region.

    According to him: “Nigeria is ranked at 157th out of 189 countries on the human development index. While the overall socio-economic condition in the country is a cause for concern, the regional disparities are in fact very alarming.

    “In the North Western and North Eastern parts of Nigeria, more than 60 per cent of the population lives in extreme poverty.

    “It is instructive to know that the 19 Northern states which accounts for over 54 per cent of Nigeria’s population and 70 per cent of its landmass, collectively generate, only 21 per cent of the total subnational IGR in the year 2017.

    “Northern Nigeria will continue to fall behind if the respective states governments do not move to close the development gap.

    “And that is why we are always saying the biggest challenge that we have and what we have been praying for is to have 10 governors like Mallam Nasir El-Rufai to move the northern Nigeria forward.

    “Closing the gap requires multi years investment and goverment will not be able to raise the require capital funding, only the private sector can raise the capital to fund the level of investment that this country needs.”

    He went on: “Therefore, government must create the conducive environment that will trigger a huge inflow of private capital into attractive sectors of the economy.

    “Private investment will create jobs and will ameliorate the twin problem of poverty and unemployment.

    “As more people are gainfully employed, you will witness a very sharp decline in some of the disturbing social vices prevalent in our society, especially among the youths.”

    While urging other northern states to emulate Kaduna State Government in the investment drive, Dangote said aside the over $500 million investment El-Rufai’s goverment has attracted, Dangote Group is patnering Peugeot of France and Kaduna State government to establish multi-billion naira automobile assembly in Kaduna State.

    He also disclosed Dangote Group will be considering investing in dairy production in Kaduna state, saying the trend of importing 98 per cent of milk consumed in Nigeria at the rate of $1.3 billion is unhealthy coupled with the fact that the imported milk is unhealthy.