₦airaland Forum

Aliko Dangote, Africa’s richest man and Chairman, Dangote Group, has resigned from the board of Tiger Branded Consumer Goods Plc, formerly known as Dangote Flour Mills.
Mr. Dangote resigned alongside three other directors – Olakunle Alake, Asue Ighodalo and Arnold Ekpe, a former group managing director of Ecobank Transnational Incorporated.
Their resignation, announced late on Monday, followed the decision of the majority share owner, South African Tiger Brands, to reduce its financial support to the Nigerian subsidiary.
The South African fast consumer goods company, Tiger Brands, said in a notice to the Nigerian division, and received also by the Nigerian Stock Exchange, that they were exploring various options with regard to their investment in Dangote Flour Mills.
“Tiger Brands has decided not to provide further financial support with respect to its investment in Tiger Branded Consumer Goods Plc of Nigeria,” it said.
Tiger Brands board also announced that they were reviewing their investment in the business which was considered part of a broader strategy to expand in sub-Saharan Africa.
Dangote Flour Mills only recently changed its corporate name to Tiger Branded Consumer Goods Plc, following the acquisition of the majority shares by the South African company.
Aliko Dangote holds 10 percent of the company’s equity through Dangote Industries.
Sources close to the South African company said Tiger Brands decision followed their inability to make money from Dangote Flour Mills after committing about 200 million dollars or 65 per cent equity
in the Nigerian flour mill in 2013.
Tiger Brands also announced that the decision on the flour mill will not affect their other business interests in Nigeria.
Tiger Brands had written down the value of the Nigerian flour mill twice in 2014 for 66.3 million dollars amid stiff completion and sliding naira value.

http://www.premiumtimesng.com/business/193307-dangote-resigns-from-board-of-dangote-flour-mills.html

Rest in pussy

APC lies

Destiny call

wisenewgem:
Done.

I hope our youths will hear his Devine advice and stop wasting by challenging our leaders to develop d SE and Nigeria for us all.

EFCC over to u

25billion/day = 25*25billion/month= broke country.

Thank you bring source

bettercreature:
Are you telling me being a drop out is a disease or what? @op PLEASE continue jare

Lying about it is d p

How much for cocoa farmers as these rice people share all these money
Mama Africa = 2 billion
Mama Gold = 2 billion
Caprice = 2 billion
Stallion rice = 2 billion
Dangote rice = 2 billion
Abakiliki rice = 5million (voted 5%SE)
Uzuakoli rice = 5 million (voted 5%SE)
Uduma rice = 5million (voted 5% SE)
U can Add urs...

See craze

Omoh! Past is not always past

U still dey here dey ask abi? Find ur way joor
Any man that can't tell u d truth b4 saying 'I love u' will nva stop lying to u afterwards not to talk of marriage....
But wait ooo(he is planning marriage?) ur mind no dey dia? It's a fraud not to tell him.

chukwudi44:
Continue to make a fool of yourself!! She can only be Governor in your dreams!! BTW the governorship tussle ends at the supreme court and not at the appeal court
The worst outcome of the supreme court judgement would be a re-run which she will still lose to a christian candidate

Upgrade them noise makers

Great impression

Emmalaw10:
Or that ogbanje neighbour crushing on you

Remove ur nose in dia business joor

A song sang by a fool full of noise and sound signifying nothing.

Lwkmd...it could be d devil blocking u from ur missing rib.

GEJ was saying this earlier and u mocked him by calling him clueless ...gerarahere!

This guy should be minister of arts and culture

The earliest u State his identity ,phone number and blog d fastest we know the truth and u exonerated...from kwaraption.

R.I.P soldier!

Agents of destruction

Trust issues....but how e com be girls wey full this thread?

lawanson44:
Are you retreating already? Come nah...let me finish you. Ewu!

U need Jizos

lawanson44:
N200 Olosho? I knew it! My mum is damn great! I was born in the early 80's and by then, a live chicken was 70kobo and a live goat was N3, a professor was earning a salary of about N20 per month and a Volkswagen beetle cost about N150 while a Peaugeot 504 saloon was sold for N400. So if my mum was collecting N200 from men by then, it means she was sleeping with men like IBB, and the super rich expatriates of those days unlike your mum who was giving it to every tom dick and harry for free! I heard your fooolish mother has full blown AIDS already because of the numerous touts, beggars, mad men and even dogs that she slept with. That alone rendered your father so useless that he is now frustrated and whenever he looks at you, he gnashes his teeth in regret because he knows you are not his true biological son but a cross-breeded product from the seminal-mixup of both mad men, drunks and dogs who ravished your mother's uncontrollable smelly toto.

Go behind me, satan

When Amaechi said he has never taken bribe who would ve thought Orubebe was watching?

May ur words be true

lawanson44:
Definitely not as brainless as your useless father

Ur mother dint know who fathered u kos she's a #200 olosho ,so officially, u don't ve a father

lawanson44:
The 2 1diots you two m.oro.ns mentioned prefer girls who are from age 7-12

This one is different...SHE IS 27

Brainless jew

Did boy resemble papilo....lwkmd

Assuming say na Sanusi