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Nairaland Forum / Nairaland / General / Business / Breaking: AFRICA’S Richest Billionaire, ALIKO DANGOTE Financially Broke-fitch (298 Views)
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Breaking: AFRICA’S Richest Billionaire, ALIKO DANGOTE Financially Broke-fitch by NAIJASTANDARD71: 11:18pm On May 16, 2022 |
Breaking NEWS: AFRICA’S Richest Billionaire, ALIKO DANGOTE financially broke, seeking to borrow $1.1 billion (900 billion Naira) for Refinery Project -Fitch, world’s biggest global rating agency … Already exhaust all cash in other projects, funds loaned Dangote Group of Companies not enough to finance Refinery Complex completion by 2023, can only raise funds through sale of Dangote Cement bonds *‘Dangote Industries suffering from weak corporate governance. It is a risk for Aliko Dangote to remain the largest shareholder and CEO of the project who already has a lot of power over operations' *“In the report, Fitch said: “Dangote Industries Limited has a complex group structure with a large amount of related-party transactions, with a negative effect on operational and financial transparency. We also view the dominance of Aliko Dangote, as CEO and the main shareholder, in operations as an additional risk” https://nigeriastandardnewspaper.com/ng/breaking-news-africas-richest-billionaire-aliko-dangote-financially-broke-seeking-to-borrow-1-1-billion-900-billion-naira-for-refinery-project-fitch-worlds-biggest-global-rat/
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Re: Breaking: AFRICA’S Richest Billionaire, ALIKO DANGOTE Financially Broke-fitch by NAIJASTANDARD71: 11:18pm On May 16, 2022 |
Which way NIGERIA? |
Re: Breaking: AFRICA’S Richest Billionaire, ALIKO DANGOTE Financially Broke-fitch by MMWandali: 11:25pm On May 16, 2022 |
Wetin the present naija leaders no fit destroy no dey Bad policy 1 Like 1 Share |
Re: Breaking: AFRICA’S Richest Billionaire, ALIKO DANGOTE Financially Broke-fitch by NAIJASTANDARD71: 11:28pm On May 16, 2022 |
YES |
Re: Breaking: AFRICA’S Richest Billionaire, ALIKO DANGOTE Financially Broke-fitch by ufuosman(m): 11:38pm On May 16, 2022 |
Sapa they go around Nothing buhari no fit make happen 1 Like 1 Share |
Re: Breaking: AFRICA’S Richest Billionaire, ALIKO DANGOTE Financially Broke-fitch by NAIJASTANDARD71: 11:51pm On May 16, 2022 |
Sad |
Re: Breaking: AFRICA’S Richest Billionaire, ALIKO DANGOTE Financially Broke-fitch by gaby(m): 1:02am On May 17, 2022 |
Hmmm E don reach the elasticity... |
Re: Breaking: AFRICA’S Richest Billionaire, ALIKO DANGOTE Financially Broke-fitch by ajailer(m): 1:24am On May 17, 2022 |
Sensational headline. He can always sell off part of any his numerous companies in shares so I don’t think he is totally broke as the headline wants us to believe. Rich men serving their self interest only. |
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