News
Biggest mess created in 2023 was devaluation of naira – Dangote
Aliko Dangote, chairman of Dangote Industries Limited, says the devaluation of naira created the biggest mess for the company in 2023.
Dangote spoke on Tuesday during the annual general meeting of Dangote Sugar Refinery Plc.
According to Dangote, the company is putting in efforts to ensure it pays dividends this year.
He said a lot of companies, especially in food and beverages businesses, were also affected and will be unable to pay dividends.
Again, Dangote reduces diesel, aviation fuel prices to N940, N980
“We are doing whatever it takes to make sure that at the end of the day, we will be paying dividends because if you look at our dividends last year, it was almost 50 percent more so we will try and get out of the mess,” Dangote said.
“The biggest mess created was actually the devaluation of the naira from N460 to N1,400.
“You can see almost 97 percent of the companies, especially in food and beverages businesses, none of them will pay dividends this year for sure but, we will try and get out of it as soon as possible.
-
Niger Delta4 days ago
IYC: 12 Killed, Over 50 Injured as Violence Erupts Over Eastern Zone Election
-
Entertainment7 days ago
‘I’m not looking for a rich man, all I need is a man who will love me, true love isn’t just about money as Nigerian ladies think’ – Tems
-
Politics6 days ago
Breaking: APC candidacy threatened as Abuja Court summons Okpebholo for making false statements on oath
-
National4 days ago
NAFDAC Press Statement Against Christ Mercy Land Deliverance Ministry Incorrect
-
News4 days ago
‘Forgive My Actions’ – Oshiomhole Apologies To Igbinedion
-
Sports6 days ago
UPDATE: World’s Most Monstrous Bodybuilder Dies At 36
-
News6 days ago
Gov. Diri attends burial of Pst. Ngozi Muoka, wife of Lord’s chosen G.O at Mgbidi
-
News7 days ago
Maiduguri Residents Face Disease Threat After Major Flood Incident