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Dangote boosts south East economy with N63billion investment in ANAMMCO

LAGOS, Nigeria, February 25, 2020/ — Dangote Group has in the last five years invested over N63bn in the South East with the purchase of over 3,500 units of locally assembled Shacman trucks at the production plant of Anambra Motor Manufacturing Company (ANAMMCO), Enugu. The order was delivered over a period of five years after Read more donates N5bn as Dangote gifts N100m to DJ Cuppy Foundation

Otedola donates N5bn as Dangote gifts N100m to DJ Cuppy Foundation

Billionaire business mogul, Femi Otedola, has donated N5 billion to the Cuppy Foundation, a philanthropic project of DJ Cuppy, his singer daughter, Florence Otedola. Mr. Otedola, who was represented by another one of his daughters, Tolani, made the announcement during the ‘Gold Gala,’ an event by his daughter, at Transcorp Hilton Hotel, Abuja, on Sunday Read more


Dangote cement top losers’ chart at NSE

Agency Report Price movement on Thursday at the Nigerian Stock Exchange (NSE) indicates that Seplat, Dangote Cement and Forte Oil topped the losers’ chart, the News Agency of Nigeria (NAN) reports. Some highly capitalised stocks also recorded price depreciation on the exchange  leading to the decline of market indicators for the fourth day running. Seplat led Read more

We’ll follow due process to defend, protect our rights – BUA Group on NPA decommissioning of Port Harcourt terminal/
Business News

BUA responds to alleged closure of Obu mines: ‘Its hearsay, no state govt has jurisdiction over it.’

One of Nigeria’s leading cement manufacturers, BUA Group has responded to alleged shut down of disputed Obu mines in Okpella, Edo State. In a release made available to newsheadline 247, BUA stated equivocally that no state government has jurisdiction over the disputed mine and definitely, the report of closure ‘remains in the territory of hearsay’. Read more

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Mining Dispute: Okene Royal Family Files Contempt Of Court Against Dangote, Mines Minister

The ruling Atta Omadivi Family of Okene in Kogi State has described the publication of the Ministry of Mines and Steel Development bequeathing the contentious Mining Lease ML 2541 to Dangote Group as a ‘reflection of desperate, reckless, irresponsible and partisan conduct of the ministry’ which has continued to flout all court injunctions related to Read more