Dangote news 2018
Here are some notable news stories about Aliko Dangote, the Nigerian business magnate and founder of the Dangote Group, in 2018:
- Dangote Cement's Revenue Hits $2.4 Billion: In January 2018, Dangote Cement, the largest cement producer in Africa, announced a revenue of $2.4 billion for the year 2017, a 10% increase from the previous year. (Source: Bloomberg)
- Dangote to Invest $1.5 Billion in Fertilizer Plant: In February 2018, Dangote announced plans to invest $1.5 billion in a new fertilizer plant in the Nigerian city of Lagos. The plant was expected to produce 3 million metric tons of urea per annum. (Source: Reuters)
- Dangote's Net Worth Reaches $14.1 Billion: In March 2018, Forbes estimated Dangote's net worth to be $14.1 billion, making him the richest person in Africa and one of the richest people in the world. (Source: Forbes)
- Dangote to Invest $1 Billion in Sugar Refinery: In April 2018, Dangote announced plans to invest $1 billion in a new sugar refinery in the Nigerian city of Lagos. The refinery was expected to produce 1.5 million metric tons of sugar per annum. (Source: BusinessDay)
- Dangote's Refinery Project Hits 70% Completion: In June 2018, Dangote announced that its refinery project, which was expected to be the largest single-train refinery in the world, had reached 70% completion. The refinery was expected to produce 650,000 barrels of crude oil per day. (Source: Vanguard)
- Dangote to Invest $100 Million in Rice Production: In July 2018, Dangote announced plans to invest $100 million in rice production in Nigeria. The project was expected to create 10,000 jobs and produce 200,000 metric tons of rice per annum. (Source: ThisDay)
- Dangote's Cement Sales Reach 14.1 Million Metric Tons: In August 2018, Dangote Cement announced that its sales had reached 14.1 million metric tons in the first half of the year, a 10% increase from the same period in 2017. (Source: BusinessDay)
- Dangote to Invest $500 Million in Petrochemical Plant: In September 2018, Dangote announced plans to invest $500 million in a new petrochemical plant in the Nigerian city of Lagos. The plant was expected to produce 1.3 million metric tons of polyethylene per annum. (Source: Reuters)
- Dangote's Refinery Project to Create 10,000 Jobs: In October 2018, Dangote announced that its refinery project was expected to create 10,000 jobs when completed. The project was expected to be completed in 2020. (Source: Vanguard)
- Dangote to Invest $1.5 Billion in Oil Refinery: In November 2018, Dangote announced plans to invest $1.5 billion in a new oil refinery in the Nigerian city of Lagos. The refinery was expected to produce 200,000 barrels of crude oil per day. (Source: BusinessDay)
These are just a few of the many news stories about Aliko Dangote and the Dangote Group in 2018.