• Latest
  • Trending
Dangote repositions flour subsidiary to deliver value to stakeholders

Dangote loses N473 million in 24 hrs as Zimbabwean manufacturers tackle him

8 years ago
ECOWAS Court orders Benin Republic to pay Sunday Igboho 20m CFA

ECOWAS Court orders Benin Republic to pay Sunday Igboho 20m CFA

59 mins ago
Soun: Group urges Ọba Olaoye to appeal, says judgement conflicting

RCCG General Overseer to grace Soun’s coronation

1 hour ago
Nigeria’s Long-Shot Bet on Legalized Sports Wagering

Nigeria’s Long-Shot Bet on Legalized Sports Wagering

3 hours ago
Bidding opens  as Air Force puts up Falcon 900B presidential aircraft for sale

Bidding opens as Air Force puts up Falcon 900B presidential aircraft for sale

4 hours ago
Education takes 20.8% as Makinde presents 434.2bn 2024 budget to Oyo Assembly

Education takes 20.8% as Makinde presents 434.2bn 2024 budget to Oyo Assembly

5 hours ago
Aggrieved politicians sponsoring militants to make Imo ungovernable -Uzodinma

Supreme Court dismisses PDP’s suit seeking Imo governor’s removal, awards N40m against lawyer

5 hours ago
Tinubu orders investigation into villagers’ killings in Kaduna air strike

Tinubu orders investigation into villagers’ killings in Kaduna air strike

8 hours ago
Strengthening democracy: NASS committee leads the way in electoral reforms, By Akeem Abas

Strengthening democracy: NASS committee leads the way in electoral reforms, By Akeem Abas

9 hours ago
Ogun tertiary institution shuts down over incessant robbery attacks

Ogun tertiary institution shuts down over incessant robbery attacks

9 hours ago
Akeredolu announces 25-member second term inauguration committee (SEE LIST)

Ondo govt faults lawyer’s claim on Akeredolu’s signature

11 hours ago
Woman arrested for throwing eight-month-old baby into ocean

Woman arrested for throwing eight-month-old baby into ocean

22 hours ago
#COP28: FG’s funded delegation made up of 422 persons- Minister

#COP28: FG’s funded delegation made up of 422 persons- Minister

1 day ago
Excitement as largest container-RoRo ship berths in Lagos

Excitement as largest container-RoRo ship berths in Lagos

1 day ago
NUT, stakeholders hail Makinde for re-appointing Adeniran as SUBEB chairman

NUT, stakeholders hail Makinde for re-appointing Adeniran as SUBEB chairman

1 day ago
El-Rufai: How southern Kaduna elders made me change my mind on Christian running mate

‘Dangote Group of the future’- El-Rufai launches $100m venture capital firm

1 day ago
OYSHIA admonishes BHCPF enrollees to visit hospitals

OYSHIA moves to register 500,000 people in health insurance, meets ICCI Tuesday

1 day ago
Akeredolu to FG: Denying Amotekun arms while allowing equivalent in Katsina to bear weapons dangerous

Lawyer accuses Ondo officials of forging Akeredolu’s signature on documents

1 day ago
UBA wins Bank of the Year award in eight countries

UBA wins Bank of the Year award in eight countries

1 day ago
  • Contact Us
  • Advertise
Tuesday, December 5, 2023
Newspeakonline
  • Home
  • Politics
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak ExclusivesNew
No Result
View All Result
  • Home
  • Politics
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak ExclusivesNew
No Result
View All Result
Newspeak

Home Politics

Dangote loses N473 million in 24 hrs as Zimbabwean manufacturers tackle him

Patrick Akpu by Patrick Akpu
May 19, 2016
in Politics
Reading Time: 1 min read
0
Dangote repositions flour subsidiary to deliver value to stakeholders
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

>

Bloomberg Billionaire index shows that Aliko Dangote has lost $2.4 million (N473 million) in the last 24 hours. The development is not unconnected to calls by Zimbabwean cement majors for increased tariff on imported cement.

RelatedPosts

Dangote reiterates determination to eradicate unemployment among Nigerian youths

Forex: Dangote’s pan-African operations fetch Nigeria $687,977m– Management

Tinubu lauds Dangote over numerous strides across Africa

Reports say Dangote Cement is seen as affecting sales and jobs of major cement manufacturers in Zimbabwe.

The Zimbabwe’s cement industry has called on the government to impose tariffs on imports from international manufacturers including Dangote Cement.

On Wednesday, the Cement and Concrete Institute of Zimbabwe asked the government to impose a tariff of $50 (N49,250) on every metric tonne of cement made at a lower cost in other countries and then sold in Zimbabwe.

The institute added that the local industry in the country had enough to meet the country’s demand, adding that Zimbabwe’s demand is expected to grow by as much as three percent to 1.17 million tonnes in 2016, compared with installed capacity of 1.85 million tonnes.

The institute further argued that cement manufacturers in countries such as South Africa, Mozambique and Zambia are taking advantage of lower manufacturing costs.

 

 

Related

What’s your Reaction?
Like
Like
0
Dislike
Dislike
0
Laugh
Laugh
0
Angry
Angry
0
Sad
Sad
0
Accurate
Accurate
0
0 Shares
Facebook Twitter WhatsApp Linkedin Messenger
×

Share this post!

Facebook Twitter WhatsApp Linkedin Messenger Telegram Tumblr
Tags: Dangote

Recent Posts

Why PDP won’t sanction those involved in anti-party activities- Acting national chairman

Why PDP won’t sanction those involved in anti-party activities- Acting national chairman

December 3, 2023
Billionaire rejects APC finance committee membership

Billionaire rejects APC finance committee membership

December 2, 2023
Edo 2024: Obaseki reveals people that will decide Shaibu’s fate

Edo 2024: Obaseki reveals people that will decide Shaibu’s fate

December 1, 2023
JUST IN: Abiodun floors Adebutu, reelected Ogun governor

Stop running from pillar to post for favourable judgement- Abiodun mocks Adebutu

November 27, 2023
‘I’m unstoppable’- Edo deputy governor officially declares 2024 governorship ambition

‘I’m unstoppable’- Edo deputy governor officially declares 2024 governorship ambition

November 27, 2023
Ondo dep gov: I remain loyal to Akeredolu

After Tinubu’s intervention, Ondo deputy governor, lawmakers, others pledge to work together

November 25, 2023
‘Fubara importing crisis for himself’- Wike finally breaks silence on rift with Rivers governor

‘Fubara importing crisis for himself’- Wike finally breaks silence on rift with Rivers governor

November 24, 2023
American university appoints Kano governor, Ganduje visiting professor

Ganduje: Why we are repositioning Rivers APC

November 24, 2023
Next Post
BREAKING: INEC declares Kogi elections inconclusive

Court reinstates impeached Kogi Speaker, Lawal

Leave a ReplyCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newspeakonline

© 2023 Newspeak & Associates

Navigate Site

  • Breaking News
  • Business
  • Entertainment
  • Interview
  • Newpeak Magazine
  • Newspeak Exclusives
  • Politics

Follow Us

No Result
View All Result
  • Home
  • Latest News
  • Politics
  • Business
  • Entertainment
  • Technology
  • World
  • Opinion
  • Interview
  • Newspeak Exclusives
  • Contact Us

© 2023 Newspeak & Associates

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newspeak We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications