Africa’s richest man Aliko Dangote to raise $723 million to finance $19-billion refinery plant in Lagos
The refinery’s pipeline infrastructure will process 540,000 barrels of Nigerian crude per day in the first phase of operation.
Aliko Dangote
Aliko Dangote receives $704.1 million in Dangote Cement dividends
Dangote owns an 86-percent stake in Dangote Cement, Africa’s largest cement producer.
Nigerian tycoon Aliko Dangote receives $21.1 million in dividends from sugar business
The sum is 33-percent less than in 2021.
Africa’s richest man Aliko Dangote restates commitment to 1.5 metric tonnes per year of sugar production
Dangote Sugar Refinery has a refining capacity of 1.44 million metric tonnes.
Africa’s wealthiest man, billionaire Aliko Dangote loses $700 million in 10 days
But with his fortune of $20.3 billion, he remains Africa’s richest man.
Africa’s richest man Aliko Dangote loses $702 million on last trading day of May
Dangote derives nearly half of his $20-billion fortune from his 86-percent stake in Dangote Cement.
Nigeria’s Kano State renames university after Africa’s richest man Aliko Dangote
Dangote’s net worth has risen by more than $1.88 billion this year.
Aliko Dangote suffers $157-million loss in single day as Dangote Cement stock falls
Dangote is the founder of Dangote Industries Limited, a Nigerian conglomerate with diverse interests.
Africa’s richest billionaire Aliko Dangote to raise $750 million to complete $19-billion refinery plant
The refinery project is still on track to be completed by 2023.
Nigerian billionaire Aliko Dangote becomes world’s 61st richest man
Dangote derives the majority of his net worth from his 86-percent stake in Dangote Cement.
Investors looking to acquire Aliko Dangote’s cement firm must make at least $13-billion offer
His 86-percent stake in Dangote Cement is valued at $10.3 billion.
Africa’s richest man Aliko Dangote’s net worth rises by $1.57 billion
This is significantly greater than the $1.3-billion increase in his net worth in 2021.
Africa’s richest man Aliko Dangote becomes world’s 70th richest person as net worth surpasses $20.4 billion
Dangote began the year as the 97th richest man in the world.
Elon Musk buys Twitter for $44 billion, twice net worth of Africa’s richest man, Aliko Dangote
So far this year, Musk’s net worth has dropped by over $13 billion, while Dangote’s risen by $1.32 billion.
Africa’s richest man, Aliko Dangote, gains $500 million in 14 days, as cement company shares skyrocket
His year-to-date wealth gains are now $1.33 billion.
Kenyan banker Gideon Muriuki buys $100,000 shares in CIC Insurance
Muriuki now controls 137.8 million shares in the company.