Firstly b4 this degenerates into tribal warfare i wish to congratulate mr aliko dangote for making the Forbe's top 100 list, making Nigerians and African in whole proud. i salute u sir.

Now, down to our rofo-rofo nairaland market square abi beer parlour analysis.

Dangote and Ibeto who is richer?

Ibeto is making plans to enlist on the stock exchange. with his growing share of the cement market and his total market share of his companies comparing him to dangote who do u think is richer ? based on hard facts- forget manipulated stock index and value ooh,
based on hard structures on ground, pound for pound, company for company, ibeto pass dangote. Agreed ?
<pre>
ibeto cement (manufacturing)              Dangote cement
ibeto aluminum smelter and roofing sheet   Dangote ?
ibeto rice                                                    Dangote rice
ibeto union battery company                Dansa juice
ibeto haulage                                            Dangote haulage
Ibeto petrochemical                                Dangote energy
ibeto palmex                                         Dangote sugar,flour,
ibeto odoh holdin (real estate)             Dangote ?                   
Ibeto hospitality - king palace hotel group   Dangote ?
</pre>
unleash your swords!!!!

^^^

You akpu brain is stupiid beyond recognition:

Cement
Cement division is fully integrated and has operations in Nigeria, Benin, Ghana, Senegal, South Africa and Zambia

Sugar Manufacturing and Refining
The Group’s sugar refining business started in March 2000 at its refinery located at Apapa Port, Lagos

Salt Refining
The Group’s salt production/refining business started at Apapa in September 1998

Flour Milling
The Group’s flour milling business was commissioned in 1999 and consists of facilities in Lagos - Apapa and Ikorodu- Kano and Ilorin

Pasta Production
The Group’s pasta production business commenced in June 2000 at Nigerian Ports Authority Ikorodu Terminal –Lagos, Nigeria

Noodles Production
The noodles division is the newest arm of the group being introduced into the market

Bag Production
The Group produces environmentally-friendly polypropylene bags majorly for internal consumption i.e. for the packaging of its products – cement, flour, sugar and salt

Ports Operation
The Group is one of the concessionaires under the concession arrangement for private sector involvement in the management of Nigerian sea ports

Haulage
The Group runs a thriving haulage business which it operates as a division under the name, “DanTrans”,  more here

Real Estate
The Group owns real estate assets at various locations in Nigeria including Lagos, Cross River, Kano, Rivers and Abuja,  more here

Telecommunications
Alheri Engineering Company Ltd, a Dangote Group company, was issued a third generation (3G) license by the Federal Government of Nigeria in 2007,  more here

Steel Production
The Group acquired the assets of Oshogbo Steel Rolling Mills,  more here

Oil & Gas
The Group is a strategic investor in a number of upstream oil and gas projects in Nigeria,  more here

Beverages
Dansa Foods Limited manufactures and sells products in the Non Alcoholic Ready to Drink (NARTD) market of the Nigerian soft drinks industry,  more here


http://www.dangote-group.com/businesses/


Now compare with your stupidd Igbeto mgroup

Please i need someone to tell me when university of nsukka annex Form will be out? Please update me,

Fstrange3, u don't hv to exhibit your outright stupor and slowest at every discussion, why d Name calling ? Is it not a debate? Beer parlour debate anymore ? If u wan to go down that lane ( of casting aspersions on my person) then Na your papa I go face cos Na em ofe mmanu brain with his ogogoro, amala and ewedu induced low count sperm produced u.

Ibeto has being in operation for a while as well, in as much as it is not only by how long but how good, and Market share.

In portharcourt, eastern Nigerian, as at 2006/7 ibex had abt 30% of the Market share despite less than two years of operation, Dangote fell to about 15, eagle cement abt 25%. eagle cement had the best quality but their Market strategy wasn't so sound unlike ibeto who introduced underlining water proof bagging, as well as 100 naira cheaper than dangote, he sold on credit to not only big timer but also small timer like my friend Jide at rumuokoro.

obviously Dangote is not on the same level as Ibeto.outside the South East who knows Ibeto.Heard the Ibeto guy is a good guy sha and he has not enjoyed much govt help

No comparison, Dangote all the way.

This should not be in the Politics section.

Yes IBETO is richer.As if dey know your ibeto in senegal,gambia,cotedvoire,zambia,sierraleone,ghana,liberia,togo S/africa etc.dangote brands are even more popular in those countries than in Nigeria.
ibeto Ko,itobe NI :nonsense thread!

Ibe-What!

dude lay off cheap grass and reduce your high intake of pami.

Freindly advise!

@antiscam, Hahahahahaha u re so funny

@ macjive01, you don suffer for this thread no be small.

very soon Dangote will be the richest man in the world. Who is Ibeto? never heard of him.

Auth_seyi:

Please i need someone to tell me when university of nsukka annex Form will be out? Please update me,

THERE IS NOTHING AS UNIVERSITY OF NSUKKA. DO YOU MEAN UNIVERSITY OF NIGERIA, NSUKKA (U.N.N)?.

Dangote is a front for sick and corrupt nigerian politicians like obasanjo.His riches are questionable like that so called so many rich men in nigeria.

Some of them openly hijack our oil wells,with highly inflacted magogo contracts and still call themselves industrious and hard working rich men.

Look he mght nt be known in Senegal or ivory coast but he is popular in Gabon, Benin, Sao tome, equatoria guniea.
These markets are small anyway, but in Nigeria share of ibeto's aluminuim roofing sheet Market is like MAJOR! That far more money than dangote dansa and dangote energy makes.

His share of cement Market is projected to b higher in the nearest of future.

His share of the vehicle batteries is large and growing, in fact he has a near monopoly of the Market exclude china import.

Press ur calculator and check it out! U don't need any antilog!

I pray to God that this Ibeto guy be as rich as Dangota very soon.  we need them in Africa to checkmate the rich in the western world.

Go and edit the forbes list on thier webpage by replacing Dangote with Ibeto or create your own list. period

yea Forbes[img]http://2.s07.flagcounter.com/count/DymW/bg=D1E8FF/txt=D1E8FF/border=D1E8FF/columns=1/maxflags=1/viewers=3/labels=0/[/img][img]http://s07.flagcounter.com/count/DymW/bg=D1E8FF/txt=D1E8FF/border=D1E8FF/columns=1/maxflags=1/viewers=3/labels=0/[/img]

Look, so is Adenuga richer than ghadaffi ? Of course not!

Forbe rating is based exclusively on a persons stock worth! Last time dangote's friends made a fuss of under representing dangote because, they argued that Forbe didn't take into account  his unlisted properties and companies.

Oyibo believes any company that is not listed is not big enuf because it is partly a law in their economy.
But in Naija it is not so.

2. Dangote's current wealth is calculated based on our ( we know how far) stock exchange value of his flour.
A stock exchange that otedola revealed pads dangote shares to rank high and also exposed that most of the movements on dangote's shares were done in-house. In-house wayo!

1b. Ibeto has the grass root Market shares, a growing Market share.

2b. Ibeto is not listed, listed yet, when he is ! Then u go know say kaki no be leather

Ibeto richer than Dangote     

Its advisable you do some personal research first before asking for additional help on any public forum.

macjive01:

Fstrange3, u don't hv to exhibit your outright stupor and slowest at every discussion, why d Name calling ? Is it not a debate? Beer parlour debate anymore ? If u wan to go down that lane ( of casting aspersions on my person) then Na your papa I go face cos Na em ofe mmanu brain with his ogogoro, amala and ewedu induced low count sperm produced u.

u even have the gut to call Fstrange3 names! His post should go a long way in convincing and answering your questions.

macjive01:

Look, so is Adenuga richer than ghadaffi ? Of course not!

Forbe rating is based exclusively on a persons stock worth! Last time dangote's friends made a fuss of under representing dangote because, they argued that Forbe didn't take into account  his unlisted properties and companies.

Oyibo believes any company that is not listed is not big enuf because it is partly a law in their economy.
But in Naija it is not so.

2. Dangote's current wealth is calculated based on our ( we know how far) stock exchange value of his flour.
A stock exchange that otedola revealed pads dangote shares to rank high and also exposed that most of the movements on dangote's shares were done in-house. In-house wayo!

1b. Ibeto has the grass root Market shares, a growing Market share.

2b. Ibeto is not listed, listed yet, when he is ! Then u go know say kaki no be leather  

no point in aguring

dangote is richer than adenuga who is richer than okoya who is richer than ibeto

yes ibeto has companies but it is only sold mainly in the south eastern part of nigeria

i hope you know that

IBETO aluminium " smelter" is in Lagos state

IBETO palmex is based in Lagos -major importer of rice, flour sugar etc, he owns a few sugar plantation in nigaragu and somewhere else.

IBETO haulage is solely in LAGOS

IBETO Cement is in portharcourt, he is currently securing final arrangement to buy nkalagu limestone dump- biggest in Africa.

IBETO petrochemical is in Lagos

IBETO Automobile spare parts is in nnewi

IBETO HOLDING is mainly in Abuja and Lagos. He is rumored of having over 700 housing units

Ibex no go school couple with his nature which is naturally cool that why he is not in the lime light like otedolas etc

funny topic never heard of ibeto.

before comparing him to DANGOTE you should have compared him to Arumeme, Jimoh ibrahim, Adenuga, Otedola and Oba otudeko, Kase lawal.

The problem with Igbo entrepreneurs is their unwillingness to go to the stock market. They want to enjoy their money alone, answering Obi and Sons, Ibeto and Brothers, etc. ABC Transport is about the only difference. Even Coscharis is still dithering, not wanting to get listed. That way, they can never be known globally except specifically from their foreign partners. A yoruba will open a 100,000 worth company and run to the stock, making them known throughout Nigeria even though the company is as unviable as the word unviable. Thus, it is possible that Ibeto is richer than Dangote (we have to put all the facts down to arrive at a conclusion, though). But that remains unofficial until his companies become public, and therefore accessible to raters, like Dangotes? BTW, we all know that Dangote is a front for ex military men.

sbeezy8:

funny topic never heard of ibeto.

before comparing him to DANGOTE you should have compared him to Arumeme, Jimoh ibrahim, Adenuga, Otedola and Oba otudeko, Kase lawal.

gbammm

to the names you forgot

okoya eleganza maker known in the whole of west africa and one of the richest men in africa, gausa, gambari and wale tinubu the own of onado oil one of the biggest oil industry in nigeria only thrid to shell, and nnpc

in nigeria terms

@ red sun --- ride on! Chanelling government resources to a particular individual doesn't make him the richest man --- in my world Dangote is not rich.
Ibeto is and so is Okoya, whom I know personally and is a hard working and brilliant man. Who made it, without government help or resources.

Vanguard (Lagos)
Nigeria: NSE Delists Albarka, Nigercem, Okitipupa Oil, Seven Others

Michael Eboh and Providence Obuh

9 March 2011


The Nigerian Stock Exchange (NSE), Tuesday, delisted Albarka Air Plc, NigerCem Plc, Wiggins Teape Nigeria Plc and seven other redundant companies from its Daily Official List.

With this, stocks of the companies will no longer on be traded on the floors of the NSE across the country. The other companies are: Flexible Packaging Plc, Krabo Nigeria Plc, NewPak Plc, Tropical Petroleum Plc, Okitipupa Oil Palm Plc, Foremost Diaries Plc and First Capital Investment Plc.

No comment was made by the NSE, as regards the delisting, as at the time of going to press, but Vanguard gathered that the reasons for delisting may be as a result of redundancy and failure of the affected companies to file their quarterly returns and meet up with its post-listing requirement.

Meanwhile, the declining fortune on the Nigerian Stock Exchange continued Tuesday, as the value of listed equities, represented by the Market capitalisation, dipped by N25.98 billion. In particular, the capitalisation dropped by 0.31 per cent to close at N8.043 trillion from N8.068 trillion at which it opened.

Another key performance indices, the All share index dipped by 0.27 per cent or 69.69 bases points to close at 25,174.24 points from 25,243.93 points.

This is coming on the heels of about N250 billion loss recorded by investors on their investments in the secondary segment of the Nigerian capital market in the last one week.

The continuous decline has been blamed on a number of factors, ranging from the crisis in the Middle East, the forthcoming elections, loss of confidence in the Nigerian capital market, lack of liquidity in the market and apathy of market operators and investors, especially towards the plan by the Securities and Exchange Commission (SEC) to reduce the number of stockbroking firms in the market.

UTC Nigeria Plc led on the losers table dropping by N0.04 to close at N0.76 per share, African Petroleum Plc followed with a loss of N1.24 to close at N23.70 per share and Afribank Plc dipped by N0.10 to close at N1.93 per share.

Other share price losers include: Aluminum Extrusion Industry Plc N0.58 to close at N11.20 per share, John Holt Plc N0.37, Intercontinental Bank Plc N0.08, Oceanic Bank Plc N0.10, Bank PHB Plc N0.07, Cement Company of Northern Nigeria Plc N0.54, Vitafoam Nigeria Plc N0.22, among others.

On the contrary, Ashaka Cement Plc recorded the most share price gain on the gainers table with a gain of N1.34 to close at N28.22 per share, Vono Product Plc followed with a gain of N0.16 to close at N3.42 per share and Wema Bank Plc garnered N0.07 to close at N1.58 per share.

Other share price gainers include: C and I Leasing Plc N0.06, FTN Cocoa Processors N0.02, Transnational Incorporation Plc N0.02, Law Union and Rocks Plc N0.02, Dangote Flour Mills Plc N0.54, Guaranty Trust Assurance Plc N0.04, Stanbic IBTC Bank Plc N0.17, among others.

Despite the declining trend recorded on the market indices, equity trading appreciated by 223.30 per cent as a turnover of 644.76 million shares valued at N2.11 million was recorded in 9,342 deals, compared to the previous day's turnover of 199.42 million shares valued at N1.46 billion in 5,253 deals.

The Banking sub-sector dominated the other sub-sector on the sectorial analysis accounting for 20 per cent of the market turnover with 128.96 million shares valued at N1.09 billion in 3,203 deals. Guaranty Trust Bank Plc was the most active in the sub-sector trading 16.65 million shares valued at N315.70 million in 497 deals, Zenith Bank Plc followed with the exchange of 18.32 million shares valued at N272.72 million in 450 deals and Oceanic Bank International Nigeria Plc recorded 12.86 million shares valued at N25.99 million in 111 deals.
Relevant Links

The Insurance sub-sector trailed on the sectorial analysis accounting for 8.22 per cent of the market turnover with 53.03 million shares valued at N58.93 million in 238 deals. Law Union and Rocks Insurance Plc enjoyed the most patronage in the sub-sector trading 11.49 million shares valued at N6.60 million in 23 deals, Cornerstone Insurance Company Plc followed with the exchange of 9.92 million shares valued at N4.96 million in three deals and Guaranty Trust Assurance Plc recorded 8.09 million shares valued at N12.94 million in four deals.

NSE 30 which measures the performance of blue chips in the market dropped by 0.50 per cent, NSE Banking lost the highest points by 1.04 per cent, NSE Oil & Gas declined by 0.45 per cent, NSE Food & Beverages dipped by 0.31 per cent and NSE Insurance dipped by 0.14 per cent.

The Nigerian stock sucks these days

^^^^

So the NSE is to blame for the non-listing of Ibeto on the Forbes richest list?

NSE is no different than londons and new yorks- so what makes naijas different? nothing all economies are recovering and slow except chinas

Ramnon.2:

The problem with Igbo entrepreneurs is their unwillingness to go to the stock market. They want to enjoy their money alone, answering Obi and Sons, Ibeto and Brothers, etc. ABC Transport is about the only difference. Even Coscharis is still dithering, not wanting to get listed. That way, they can never be known globally except specifically from their foreign partners. A yoruba will open a 100,000 worth company and run to the stock, making them known throughout Nigeria even though the company is as unviable as the word unviable. Thus, it is possible that Ibeto is richer than Dangote (we have to put all the facts down to arrive at a conclusion, though). But that remains unofficial until his companies become public like Dangotes? BTW, we all know that Dangote is a front for ex military men.

this makes no sense all the people i named are known in Africa and beyond and are the founders chairmans of companies who are viable enough to have made it on CNN and BBC for running successful cmpanies.

to think dangote is fronting for politicians is DUMB.

dantata family always had money- and of course people including politicians will invest in the growing company. just as the BUSH family and CHENEY invest money in Halliburton.

forbes actually listed dangotes fortunes as inherited and growing.

i beg who be Ibeto? na this thrwad make me know say person wei get money like that they exist