Aliko Dangote Archives - Wontumi Online

15 Oct

Aliko Dangote’s Meeting With Marketers May Drop Fuel Price – Report

wontumionlineBusinessAliko Dangote, fuel price

The Dangote refinery is set to meet with the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday with regards to a topic that has been on the lips of concerned Nigerians. Both parties are set to discuss the viability of a decrease in Dangote’s fuel price compared to the country’s current price. The Independent Petroleum Marketers Association Of Nigeria (IPMAN) alongside the Dangote refinery is set to finalize agreements on the cost of lifting petrol from the refinery. IPMAN predicts the move would contribute to the stability and efficiency of Nigeria's fuel supply chain. This is following the government’s…

24 Sep

EPL On Citi: “The Time To Buy Arsenal Has Passed”- Aliko Dangote

wontumionlineSportsAliko Dangote

Africa’s richest man, Aliko Dangote, has regretted not buying Arsenal FC when he had the chance. He said “time has passed” for him to do so. Dangote, in an interview with Bloomberg’s Francine Lacqua in New York, reflected on the missed opportunity, stating that economic realities have changed since his interest in buying the club. “The last time we had this interview, I said as soon as we finish the refinery, I am going to try and buy Arsenal. But the issue is that everything has gone up. And the clubs too are doing extremely well. At that time, Arsenal wasn’t…

15 Jul

Why I Don’t Own A Residential Property Abroad – Aliko Dangote Explains

wontumionlineBusinessAliko Dangote

For most wealthy individuals, owning assets and properties comes with various motivations. This can often be associated with diversified investments, luxury, status, or residential use. For Nigerian industrialist, who is also the wealthiest person in Africa, Aliko Dangote, not having a residential property abroad is based on his primary focus on industrialization at home. Speaking at a gathering in Nigeria over the weekend, Dangote shared that despite his vast wealth, he does not own a residential property abroad. He explained that his only residential properties are his house in Lagos, Nigeria; the one in his hometown of Kano, also in…

01 Aug

Aliko Dangote’s Sugar Empire Reports $36-Million Loss Amid Naira Devaluation – Report

wontumionlineBusinessAliko Dangote

Dangote Sugar Refinery Plc, a leading integrated sugar business owned by one of Africa’s wealthiest individuals, Aliko Dangote, faced substantial foreign exchange losses amounting to more than $100 million in the first half of 2023. The staggering N83.1 billion ($107.3 million) in foreign exchange losses were attributed to the devaluation of the Naira, which adversely affected the company’s earnings capacity and necessitated the revaluation of its foreign currency obligations. This pressure on earnings resulted in a significant loss of N27.98 billion ($36.17 million) during the first six months of 2023. This contrasts sharply with the N20.24 billion ($26.2 million) profit…

27 Apr

Davido Details Dangote’s Impact On His Life

wontumionlineShowbizAliko Dangote, Davido

Davido has made a shocking revelation about Africa’s richest person, Aliko Dangote. According to him, despite Dangote’s vast wealth, he only buys two cars every eight years. The Nigerian artiste made the revelation during a recent interview with Forbes, where he also said he takes financial advice from the billionaire. The singer who held his Timeless Concert on Sunday, April 23, 2023, at Tafawa Balewa Square (TBS) also said Dangote asks him to save his money and not spend lavishly every time they meet. Davido said; “Uncle Aliko is a very different kind of billionaire. Uncle Aliko buys like two…

10 Mar

Aliko Dangote’s Net Worth Inches Closer To $20 Billion – Report

wontumionlineNewsAliko Dangote

Nigerian billionaire and Africa’s richest businessman Aliko Dangote is on the brink of adding another billion dollars to his already impressive net worth, as shares of his cement company soar on the back of record earnings. The surge in Dangote Cement shares, driving Dangote’s net worth toward the $20-billion milestone, reinforces the cement magnate’s formidable stature in Africa’s business arena, cementing his dominance as the richest man on the continent for the foreseeable future. According to the Bloomberg Billionaires Index, which tracks and compares the fortunes of the world’s 500 wealthiest people, the Nigerian billionaire businessman’s net worth has risen…

09 Feb

The Forbes Billionaires List: Africa’s Billionaires

wontumionlineNewsAliko Dangote, Forbes

Africa’s wealthiest people shed a combined $3.1 billion in the past 12 months. As a group, the continent’s 19 billionaires are worth an estimated $81.5 billion – down from $84.9 billion a year ago, despite one more billionaire in the ranks. The 4% dip follows a 15% jump last year on the back of soaring stock prices across the region. These tycoons’ fortunes faded in sync with equity values around the world, with the S&P All Africa index dropping more than 20% in the first nine months of 2022, before starting a late-year rally that left the index down just…

08 Nov

Aliko Dangote Gains $700 Million In One Week – Report

wontumionlineNewsAliko Dangote

At the end of the first week of November, Aliko Dangote, the richest man in Africa, saw a significant increase in his net worth as shares of his flagship company, Dangote Cement Plc, rose by double digits, staging a recovery from its fall in October. According to the Bloomberg Billionaires Index, which tracks and compares the fortunes of the world’s 500 richest people, Dangote’s net worth has increased by $700 million in the last week, rising from $17.6 billion on November 1 to $18.3 billion on November 7. The significant uptick in his net worth above $18.3 billion can be…