Africa’s richest man, Dangote, now worth $15.9 billion

By -

 Aliko Dangote’s wealth valuation is now put at $15.9 billion as his fortune showed significant gains of $1.09 billion in the last 365 days.


What you should know: The 63-year-old, Nigerian born entrepreneur is the controlling owner of Dangote Industries, which has Africa’s biggest cement company.


His present valuation is said to be worth more than 8.75 million troy ounces of gold, or 316 million barrels of crude oil.

The Dangote conglomerate is a leading Nigeria-based company that owns popularly known cement company, Dangote Cement, which reportedly had revenue of 2.5 billion in 2019. It also has strong interests in, fertilizer, sugar, salt, oil, and packaged food.

Dangote is presently building Nigeria’s biggest ever industrial project, which would boast of a distillation column for separating Brent crude into various hydrocarbon chains at different temperatures.


The 650,000 barrel-per-day refinery is just part of a $15 billion petrochemical complex that will include a gas processor and the world’s largest plant for ammonia and urea, which is used in producing fertilizers and plastics.


Recall about a month ago the Dangote Group announced that its $2 billion Granulated urea fertilizer plant located at Ibeju Lekki, Lagos state, would start operations before the end of December.


Mr. Anthony Chiejina, Group Head, Corporate Communications, in his statement, said, “The granulated Urea fertilizer plant project will be ready for take-off before the end of December. The pre-testing has already been done and the delay in starting operations was due to the COVID-19 pandemic.”


The take-off of the fertilizer plant is reputed to be the largest in the world, with its 3 million tonnes per annum capacity.

Comments

Post a Comment

Most Read Posts

28 Hilarious Yahoo Boy Quotes That Will Crack Your Ribs

By -
Image
   If you have friends who are yahoo boys, then you’ve definitely heard these quotes before.  1. WHO FIRST BUY CAR NA HIM BUY OLD MODEL.     2. Man wey no follow you suffer no suppose follow you carry casket.   3. Na beans you dey cook no be stone when e set tear everywhere like rugged jeans.   4. ANYBODY FIT BE GOLDEN BOY   5. CODE YOURSELF CAUSE SOME NIGGAS GET MONEY PASS YOUR CLIENT   6. BATTERY WEY FULL GO STILL LOW, BATTERY WEY LOW GO STILL FULL, OUR PRAYERS BE SAY MAKE CHARGER NO SPOIL!   7. When dem say make you hustle hard no be by strength o, even Dangote no fit carry one bag of cement.   8. HUSTLE GO PAY   9. No use your mama head buy benz, at least if you no get money, get sense   10. LAS LAS SCHOOL NA SCAM   11. JI MASUN, MAKE DEM NO CARRY YOUR BABE PASS YOU FOR TINTED GLASS   12. Every Hustler Get Pay Day   13. PERSON WEY DEY FIND MONEY NO DEY OFF DATA   14. Never Doubt An Hustler One Unread Email Can Turn Him Into A Millionaire   15. Anybody Can Gbera Anytime   16 .RESPEC
Read more

Will Brian O'Conner Be In Fast & Furious 9?

By -
Image
  With Mia Toretto reuniting with Dom and his crew in the upcoming Fast & Furious 9, what are the chances that her husband, Brian O'Conner also appears? With  Fast & Furious 9  bringing some notable characters from past films back, what are the chances that Brian O'Conner will also return? The long-running Universal Pictures franchise is gearing up for its ninth installment from the primary saga and given the confirmed appearance of Han, the question of whether or not Brian could also somehow be involved must also be raised. After Paul Walker's tragic demise in 2013, James Wan's  Furious 7  was retooled to write off his character. Instead of sending him off permanently, however, the  Fast & Furious  franchise opted for a less sad farewell, with Brian deciding to retire from Dom and the team's operations to live a quiet family life with Mia and their son. Inevitably, of course, doing this kept the door open for a potential return for the character, with 
Read more

Fast & Furious Star Ludacris Speaks Out on the Series Ending

By -
Image
It was announced last month that the Fast & Furious movies, which began back in 2001,  would be coming to an end after the 11th film . This was certainly a shock to many fans, especially since it felt like the movies had the potential to go on forever. However, some of the franchise's cast have positive thoughts on the news. In fact,   Ludacris , who first appeared as Tej in 2003's  2 Fast 2 Furious   and has appeared in every movie since with the exception of 3 and 4, recently talked to   The Ellen DeGeneres  Show 's guest host Tiffany Haddish (via   Just Jared ) and explained why he's not sad about the news. "Man, they just announced that. We're gonna end on 10 and 11," Ludacris shared. "Me personally, I thought we were going to end on 10. But I’m not at all sad about it." He added, "‘Cause you gotta think about it: I came out in  2 Fast 2 Furious , we never knew we were gonna get a call back for [Fast & Furious] 5. Now I been in 5
Read more