Aliko Dangote, Africa’s richest person and the President of Dangote Group, is estimated to have added a whopping $9.2 billion to his fortune in 2013. He remains the 30th-richest person in the world, according to Bloomberg, a global financial intelligence. While the widely respected media corroborated Forbes Africa, reporting that […]
Tag: Africa
Dangote Plans $16bn Investment in Africa
Dangote Group, the Nigerian company controlled by Africa’s richest man Aliko Dangote, plans to invest about $16 billion in cement, petrochemicals and agriculture over the next four years to boost expansion. According to the President of the group, the investment will help the Lagos-based company grow by almost a third […]
Nigeria’s NNPC hasn’t accounted for $50 bln in oil sales – cbank
* Oil revenue accounts for 80 pct of gov’t revenues * Probes have found state-oil firm to lack transparency * Nigeria is Africa’s 2nd largest economy, top oil producer Nigeria’s state-energy company NNPC hasn’t accounted for nearly $50 billion in revenue from the sale of crude oil which should have […]
