Tag: Aliko Dangote

Categories
News

Fuel Queues Are Now A Thing Of The Past – Otedola

The owner of Geregu Power Plant, Femi Otedola has reacted to the successful lifting of petrol from Dangote refinery.
According to him, the issue of fuel queues and scarcity is now over.

Femi Otedola stated this on Sunday, as Nigeria National Petroleum Company Limited (NNPCL) trucks loaded petrol at Dangote Refinery.

Otedola praised President Bola Tinubu for assisting the indigenous refinery achieve its feat.
“Kudos to President Tinubu for making this a reality! Fuel queues are now a thing of the past as Dangote Refinery starts loading PMS today Sunday 15 September 2024,” Otedola wrote.
The billionaire businessman had on Tuesday, September 3, recalled how he and Aliko Dangote planned to invest in the country’s refineries but their efforts were thwarted by the government.
He added that the founder of Dangote Refinery, Alhaji Dangote, liberated Nigeria from the chains of economic dependence.
“You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long. The days of bowing to foreign powers for our fuel needs are over, thanks to your vision and determination.
 
“You have dealt a death blow to the so-called local cabals who have fattened themselves for years, feeding off our nation’s economic slavery. These cabals, who have grown rich by keeping Nigeria in a perpetual state of dependence, must now face the reality that their era of easy gains is coming to an end,” Otedola stated.
Categories
News

Fuel Scarcity: Why We Cannot Determine Petrol Price – Dangote

Dangote Petroleum Refinery has explained why it has been unable to set a price for its petrol.

Anthony Chiejina, Group Chief Branding and Communications Officer, in a statement on Thursday, noted that PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the sector, hence the reason Dangote cannot determine, fix, or influence the product price.

He equally condemned the publication by an online media (not Vanguard), that Dangote group has fixed the price of its refined Premium Motor Spirit (PMS), commonly known as petrol at N897 per litre.

He noted that Nigerian National Petroleum Corporation, Limited, NNPCL, is yet to lift their product.

Read the statement bellow: “Our attention has been drawn to a headline “NNPC lifts Dangote Petrol, sells at N897 per litre” published in a news media (Not Vanguard), on 4 September 2024.

“We would like to state that NNPC has not commenced lifting of refined Premium Motor Spirit (PMS), commonly known as petrol, from our Dangote Petroleum Refinery.

“Therefore, the issue of fixing the price of petrol lifted from our refinery does not arise, as we are yet to finalize our contract with NNPC.

“The PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the sector, hence we cannot determine, fix, or influence the product price, which falls under the purview of relevant government authorities.

“We urge the public to disregard the headline as it is misleading and does not represent the true position in this matter.

“We are guaranteeing Nigerians of exceptionally high quality petroleum products that will be readily available all over the country”.

Categories
Entertainment News

Dangote Threatens To Arrest People Spreading Fake News About Cement Price

The management of Dangote Cement Plc. has dismissed reports circulating online that the company has slashed the cost of cement per bag between N2,400 and N2,700 as part of a sales promo.

“This is to inform the general public that the sale of Dangote Cement is at a promotional factory price of N2,410 per bag. Transportation and offloading cost to any location in Nigeria is N300 per bag,” one of the said posts reportedly reads.

However, adding further to his disclaimer earlier, the Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina, described the reports as mischievous, malicious, and false.

Chiejina threatened that the Dangote Cement management has formally informed law enforcement agencies to track down, name, and deal with the perpetrators of the fake news, which it described as devious and deceptive.

He urged Dangote Cement customers and other stakeholders to continue patronising the high-quality cement brand and be careful of scammers, who are bent on defrauding them of their funds.

Categories
Entertainment News

People Working For Me Have Houses Abroad But I Don’t

Billionaire Nigerian industrialist, Aliko Dangote has disclosed that he does not own a home in foreign countries but his workers own houses abroad which they use as holiday homes.

The richest man in Africa disclosed this during an interview with Business Insider Africa to outline the need for young people to take their eyes off luxurious things and focus on making their businesses grow.

He said;

“A lot of people even the younger ones, we need to be very careful because one of the biggest issues. With us Africans, it is that we spend our projected incomes.

“Once you start doing business and the business starts doing well, rather than for you to keep investing into the business, you start spending money and thinking that the profit will continue to come. There are ups and downs in business so you need to be very focused and say ‘Okay fine what do you do and how to do those things.

“Luxury things,  they also take up your time which will not make you focus on your business. I mean, I don’t have any holiday home anywhere; I don’t have a house anywhere but I know people who are working for me, they have a house in London. But I don’t.”

Categories
Entertainment News

Dangote Buys Two Cars Every 8 Years’– Davido Reveals

David Adeleke, the Nigerian afrobeats superstar, who is popularly known as Davido, has made a disclosure about Africa’s richest man, Aliko Dangote.

Davido says Dangote buys two cars every eight years.

The Omo Baba Olowo crooner revealed this in a recent interview with Forbes.

He spoke about his family’s relationship with Dangote, adding that his billionaire father, Chief Adedeji Adeleke, is friends with the world’s richest black person.

He revealed that Dangote always advised him to save his money every time they meet.

Davido said, “Uncle Aliko [Dangote] is a very different kind of billionaire. Uncle Aliko buys like two cars every eight years. He’s a very disciplined and very different kind of billionaire.

“Every time I see him, he just says one thing, ‘Save your money!’. There’s nothing more he tells me, everytime save your money. He and my dad have been very close friends.

“And he [Dangote] has done well for us [Nigerians] back home. He made us a lot of industries. He just opened the biggest factory in Africa. That’s providing jobs.”

Categories
News

Aliko Dangote set to acquire French football club

 

Nigerian business mogul and richest man in Africa, Aliko Dangote is reportedly close to buying Valenciennes, a team in the French Ligue 2.

According to French media reports, the CEO of the Dangote Group is about to buy a 60 percent stake in the team.

The Dangote Group which is the largest industrial conglomerate in Africa, had previously expressed interest in buying Premier League team Arsenal, but the deal was unsuccessful.

Valenciennes was founded in 1913, and it currently holds its home games at the Stade du Hainaut.

The team has competed in Ligue 1 for 40 seasons and Ligue 2 for 36 and have won the Ligue 2 championship twice but have never won the Ligue 1 championship.