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FAMILY TIES: 3 Dangote Daughters Take Over Companies As Billionaire Tycoon Steps Back

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Aliko Dangote, Nigeria’s most prominent businessman and Africa’s richest individual, has increasingly involved his three daughters in his business empire – a move seen as both a sign of succession planning and a commitment to family legacy.

Nigerian billionaire Aliko Dangote, estimated by Bloomberg to be worth $28.5bn as of 28 July, has quietly begun stepping back from boardroom duties.

In June, the 68-year-old businessman retired from the board of Dangote Sugar Refinery.

Last Friday, he also stepped down as chairman of Dangote Cement, the crown jewel of his conglomerate, before the launch of his $20bn oil refinery.

He has been replaced at Dangote Cement by Emmanuel Ikazoboh, a former chair of Ecobank Transnational Incorporated, who joined the cement group in 2014.

Mariya Dangote – Dangote Cement, Dangote Sugar, DPAN
His eldest daughter, Mariya Dangote, has now joined the board of Dangote Cement. According to a company statement, her appointment is intended to help the business remain “agile and well positioned for long-term value creation”. Her “cross-functional expertise and understanding of strategic operations” were cited as key assets.

Mariya became executive director of operations at Dangote Sugar Refinery in 2022, after overseeing strategic planning, backward integration projects and digital transformation efforts since 2019. She had previously worked as a business strategy and risk specialist at Dangote Industries Limited (DIL), the group’s holding company, joining in 2016 shortly after completing an MBA at Coventry University in the UK.

She also serves on the board of Dangote Peugeot Automobiles Nigeria, which manufactures and markets Peugeot vehicles locally.

With Mariya’s appointment, two of Dangote’s daughters now sit on the board of Dangote Cement, Nigeria’s third-largest listed company, valued at N8.34trn ($5.4bn) as of 28 July.

Halima – Dangote Cement, DIL, NASCON, Family Office
Halima Dangote was appointed to the Dangote Cement board in early 2022, shortly after the death of her uncle, Sani Dangote, who also served as vice president of DIL. She has been a group executive director at DIL since 2019 and previously led a turnaround at Dangote Flour Mills, culminating in its sale to Singapore’s Olam Group.

Between 2014 and 2016, she was an executive director at NASCON Allied Industries, another DIL subsidiary, and continues to sit on its board in a non-executive capacity.

In 2023, Halima was tasked with establishing and running the Dangote Family Office in Dubai. She is also a trustee of the Aliko Dangote Foundation, the group’s philanthropic arm.

Fatima – DIL, NASCON
Fatima Dangote, the youngest of the three, is group executive director for commercial operations at DIL. She oversees commercial strategy, communications, procurement and administration across the group. Earlier roles included working as a technical specialist in the strategy unit and as an executive assistant to the director of business development and portfolio management.

Speaking to The Africa Report last year, she underlined Dangote Industries’ push to domesticate sugar production. “Nigeria is importing 90% of the sugar requirement. The homegrown sugar is still less than 10%,” she said. “However, with the aggressive implementation of the Backward Integration Programme, Dangote will be able to reduce its dependence on imports soon.”

She has sat on the board of NASCON Allied Industries since 2023 and previously served as executive director from 2016, during which she oversaw the company’s commercial sales, marketing, logistics and branding strategies.

My three daughters, Mariya, Halima and Fatima, are all senior executives at the group, and I can tell you for a fact that they are critical to the success of our business

Fatima is also closely involved with the Aliko Dangote Foundation and regularly appears alongside her father at public events. In a CNN interview last year, she described him as “extremely hardworking”.

Asked whether he was demanding as a parent, she replied: “A bit hard. I think he expects so much more from us compared to other people, and when you have a father like him, nothing but perfection is acceptable, then you have to work extra…”

Expansion continues across core sectors
While stepping back from the cement business, Dangote has signalled a renewed focus on his group’s energy and industrial ventures. The conglomerate has recently launched a $2.5bn fertiliser plant in Lagos and brought its 650,000-barrels-per-day refinery in 2024. Last November, it reopened its tomato processing plant in Kano.

In a statement, DIL said Dangote would now concentrate on the refinery, fertiliser and petrochemical operations, as well as on government relations.

Earlier this month, he announced plans to more than double output at the fertiliser plant by 2028 and to boost refinery capacity to 700,000 barrels per day. He also revealed plans to develop what he described as “Nigeria’s largest deep-sea port” to support exports of the group’s energy and industrial products, adding that the new port would “become an anchor for our liquefied natural gas, fertilisers and fuels”.

Outside Nigeria, DIL has signed a $3bn agreement with the Ethiopian government to build a fertiliser plant in Gode, in the Somali Region.

In another story: TRENDING VIDEO: Tension As Rev. Fr. Mbaka Reveals Scary Prophecy Ahead 2027 – Catholic priest and spiritual director of Adoration Ministry Enugu, Rev. Fr. Ejike Mbaka, has issued a fresh prophecy that could shake the 2027 elections….ClickLinkToContinueReading

‘They are critical to the success of our business’
At a 2019 event in Lagos, Dangote highlighted the contribution of his daughters to the group.

He credited his entrepreneurial outlook to his mother, whom he described as “a strong business-minded woman” who nurtured his ambition. “My three daughters, Mariya, Halima and Fatima, are all senior executives at the group, and I can tell you for a fact that they are critical to the success of our business,” he said.

 

 

 

 

 

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Dollar To Naira Exchange Rate Today, September 7th, 2026

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The Nigerian currency, Naira (₦), continued its battle against the United States dollar at the official foreign exchange market on Saturday.

Daily Voice reports that data from the Central Bank of Nigeria (CBN) showed that the local currency sold at ₦1,321.2160/1$ on Sunday.

The latest rate is the same as Saturday’s rate of ₦1,321.2160/1$.

At the parallel market (black market), however, the naira closed on Sunday at ₦1,400 to the dollar.

The offers by commercial banks, Bureau de Change (BDC) operators, and other foreign exchange dealers may, however, differ from the reference rates due to transaction margins and prevailing demand and supply conditions.

Market participants will continue to monitor foreign exchange inflows, demand for dollars, and CBN policies for indications of whether the naira can sustain its gains through the month.

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No More N15,000/Bag: BUA, Dangote, Lafarge, Others Announce Fresh Cement Prices

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Cement prices in Nigeria remain elevated, with a 50kg bag selling for between ₦12,000 and ₦15,000 in many markets, putting further pressure on builders, contractors and Nigerians planning construction projects.

The latest market data shows that although some brands are currently available below the ₦15,000 mark, the industry remains significantly more expensive than it was at the end of 2025 and early 2026.

Recent market quotations show the following indicative prices for a 50kg bag:

Note: prices may vary by location and transportation costs.

These figures are based on a September 1 market report and can vary depending on location, transportation costs, dealer margins and supply conditions.

However, July industry data painted a more expensive picture. CementNet reported retail prices of ₦12,000 to ₦15,000, with Dangote selling for about ₦13,000–₦15,000, BUA at ₦12,000–₦14,500, and HBM Nigeria, formerly Lafarge Africa, at ₦12,000–₦13,500.

The latest figures suggest that cement prices may have eased from the highest quotations seen earlier in the year, but the broader trend remains upward.

In July, The Guardian reported that a 50kg bag typically sold for ₦12,500–₦15,000 across major markets including Lagos, Abuja and Abia.

The Federal Competition and Consumer Protection Commission (FCCPC) also reported that prices had reached between ₦13,000 and ₦15,000 in some locations during the first half of 2026.

This means the current ₦12,000–₦14,000 quotations for several major brands should be viewed as some market-level moderation rather than a broad collapse in cement prices.

Why cement remains high

High energy and transportation costs continue to weigh heavily on the industry. Cement manufacturing requires significant amounts of energy, while moving cement from factories and depots to retail markets adds further costs.

Location is also playing an important role. Buyers in areas farther from production centres can pay substantially more because of haulage and distribution expenses.

The situation is particularly significant because Nigeria has substantial cement production capacity, yet retail prices remain high. The Guardian reported that domestic production exceeds consumption, with surplus output exported to neighbouring countries.

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Business

Salary Scale for Nigerian Workers Revealed After New Minimum Wage 

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Nigerian civil servants on Grade Level 8 now earn between N1,479,276 and N1,914,514 annually, depending on their step within the scale, following the new minimum wage signed under President Bola Tinubu’s administration.

The figures fall under the Consolidated Public Service Salary Structure (CONPSS), the framework that governs pay across Nigeria’s federal civil service.

CONPSS covers 17 grade levels in total, and a worker’s position within each level is shaped by their qualifications, length of service, and performance record.

Grade Level 8 has 14 steps, with each step representing a progression in earnings. Below is the full breakdown:

The gap between the lowest and highest steps at this level amounts to N435,238, reflecting how significantly length of service can affect take-home pay within a single grade.

Interest in the salary structure has grown since Tinubu’s government approved a new national minimum wage, which triggered a review of earnings across the public sector. Civil servants and job seekers have been keenly examining each grade level to understand what the adjusted structure means in practical terms.

Workers at Grade Level 8 are typically mid-level employees with some years of experience in the civil service. Their earnings sit above the entry-level grades but below the senior cadre, making this level a reference point for many who are planning career progression within the federal workforce.

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