Billionaire Aliko Dangote Allegedly Broke, Can’t ’T Meet 2023 Refinery Completion Target- Report

  CAPE TOWNSOUTH AFRICA, 06MAY11 – Aliko Dangote, President and Chief Executive Officer, Dangote Group, Nigeria, during the African Fellowship Programe with Young Global Leaders announcement at the World Economic Forum on Africa 2011 held in Cape Town, South Africa, 4-6 May 2011. ..Copyright (cc-by-sa) (C) World Economic Forum (www.weforum.org/Photo Matthew Jordaan matthew.jordaan@inl.co.za Fitch, the world’s biggest global rating agency has alleged that Africa’s wealthiest man, Aliko Dangote is broke. It alleged that his company, Dangote Industries has limited financial flexibility with which to complete its refinery. Fitch is basing its allegation on the…

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DANGOTE PETITIONS TRADE MINISTRY, WANTS BUA SUGAR REFINERY SHUT DOWN

… It’s because we refused price Increase during Ramadan BUA replies A major war has been raging in the Nigeria sugar industry for some time now and the bubbles seemed to have burst with Dangote’s decision to petition the Federal Government asking the Ministry of Trade to shut down BUA Group’s Sugar Refinery located in Port Harcourt. In the letter dated 28th January, 2021 signed by Aliko Dangote himself as the Chairman Dangote Industries Limited, the billionaire claimed that when the BUA Sugar refinery was opened , he warned the…

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