Aliko Dangote sees net worth rise $571 million in one day after 6.53-percent surge in Dangote Cement
The half-billion-dollar gain can be attributed to sustained investor buying interest.
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The half-billion-dollar gain can be attributed to sustained investor buying interest.
Kaduna State Governor Nasir el-Rufai has accused the Nigerian government of getting in the way of the project.
Dangote said: “If the national sugar master plan is followed … the country will be better for it.”
Anonymous sources claim that the company is potentially looking to raise $500 million from traders.
Between Aug. 24 and Sept. 15, Dangote’s net worth declined from $18.2 billion to $18 billion.
Dangote Cement is a subsidiary of Dangote Industries Limited, Africa’s most diversified manufacturing conglomerate.
The refinery will have a capacity of 650,000 barrels per day.
The rise in their collective and individual wealth marks a recovery from a sharp decline last year.
The issuance reflects Dangote Cement’s continued interest in engaging fixed-income investors.
There are 2,755 billionaires in the world today. Only 17 are Black.
The announcement follows a move by the Central Bank, naming the company one of the country’s sole three sugar importers.
The sugar refiner has a 1.44-million-metric-tonne refining capacity, making it Nigeria’s largest sugar producer.
The profit represents a 51.9-percent growth when compared with last year’s figures.
The Central Bank made the announcement on access to foreign exchange for sugar imports on July 16.
The contracts fall under the state’s road infrastructure tax credit policy.
These UHNWIs have amassed staggering wealth through their positions in their own and other companies.