Africa’s richest man, Aliko Dangote, loses $455 million in 24 hours
The plunge in Dangote's wealth is largely attributed to a major sell-off in Dangote Cement shares on the Nigerian Exchange (NGX).
dangote cement
Dangote Cement to issue new bond series under $180.5 million program
The move aims to bolster the company’s financial strength and improve operational efficiency.
Dangote Cement exports 22 clinker shipments to Ghana and Cameroon
Dangote Cement supports regional construction, exports 22 shipments of clinker to Ghana and Cameroon in first nine months of 2024.
Cement company of Africa’s richest man doubles revenue to $659.3 million in Q1 2024
Group revenue from cement, clinker, and other products surged 100 percent year-over-year, reaching N817.35 billion ($659.3 million).
Africa’s richest man Aliko Dangote set to earn $284.5 million from Dangote Cement
The dividend, which will be paid electronically into his bank account by Mon., April 29, 2024, is a testament to Dangote Cement’s impressive fiscal results.
Cement company of Africa’s richest man Aliko Dangote records $282-million profit in 2023
Dangote Cement records impressive 19-percent surge in profit, delivers strong financial performance amid challenging economic environment.
Africa’s richest man Aliko Dangote secures spot among world’s biggest gainers
Overcoming naira woes and macroeconomic uncertainties, Dangote’s net worth climbs to $22 billion — a $6.9 billion surge in 2024.
Aliko Dangote’s cement company becomes first Nigerian firm with N10-trillion market cap
The surge in Dangote Cement shares coincides with Nigerian billionaire Femi Otedola’s strategic investment in the leading cement company.
Nigerian billionaire Femi Otedola emphasizes long-term wealth preservation, export potential and shareholder value in Dangote Cement share acquisition
Otedola recently acquired a significant stake in Dangote Cement, Africa’s largest cement manufacturer.
Nigerian billionaire Aliko Dangote sees wealth surge by $400 million, cements status as Africa’s richest
Dangote’s net worth has risen from $15.8 billion on Dec. 1 to $16.2 billion — the recent uptick has narrowed his year-to-date wealth losses to $2.49 billion.
Africa’s richest man Aliko Dangote makes $800 million in 10 days
Dangote’s $800-million wealth surge and net worth recovery stand out as the Nigerian naira gains momentum, reclaiming ground on the official market.
Dangote to receive $2.07-million interim dividend from salt-processing business
Aliko Dangote’s stake in Nascon Allied Plc, worth $118 million, significantly contributes to his estimated net worth of $15.9 billion.
Africa’s richest man drops off top 100 billionaires list as wealth dips below $17 billion
As of Sept. 1, Dangote’s net worth stood at $17.8 billion, but it has now plummeted to $16.7 billion.