Tag: Nigerian business owners

Adelove Shipping opens another Location in Irving Texas

Few weeks after kicking off Arlington Texas resumption, the popular Nigerian Shipping Line, Adelove Shipping opens another new location in Irving Texas USA.

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Meet Nosa Ehimwenman O’Hare’s 1st black concessions prime contractor

Nigerian-Born Nosa Ehimwenman is the founder of Bowa, a fast growing construction company that has been involved in a lot of projects in Chicago. His company was contracted to renovate a Starbucks concession in Chicago airport, the same airport where his father used to pick passengers from so his family could survive.

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Africa’s richest man makes a $17 billion bid for immortality

By Tom Metcalf and Devon Pendleton

The best way to appreciate the scale of Aliko Dangote’s empire is to hitch a ride on one of his private jets. A half-hour after his Bombardier Challenger 605 takes off from Lagos Airport, it descends into a seemingly desolate area of Kogi State in central Nigeria, dusty fields and clusters of trees stretching to the horizon. Suddenly a tangle of exhaust stacks, silos, and kilns pierces the sky to the left of the aircraft as Dangote Cement Plc’s Obajana plant comes into view. It’s already the biggest in Africa, churning out enough sacks of cement to fill 1,000 trucks a day. A fifth production line now under construction will make it one of the world’s largest.

The cement plant and its two sister factories in Nigeria have long been the bedrock of Dangote’s fortune, Africa’s biggest. But Dangote’s future—and, as he likes to say, that of the entire continent’s economy—lies to the south on the Nigerian coast. About 40 miles east of Lagos, on more than 6,700 acres of former swampland bound by a lagoon and the Atlantic Ocean, contractors are putting the finishing touches on a fertilizer plant valued at $5 billion. Next to it, construction of a vast oil refinery—a $12 billion project—is under way.

If all goes according to plan, the complex will immortalize the 61-year-old Nigerian businessman as Africa’s most prominent industrialist, vaulting Dangote Industries’ annual revenue from $4 billion to about $30 billion, roughly 8 percent of Nigeria’s gross domestic product. Oil industry experts such as London-based CITAC have questioned the project’s timeline, citing logistical and financial challenges. But Dangote insists the refinery, which will be Africa’s largest, is on track.

“By 2020 I will finally dispatch oil,” he says during a January interview at his Lagos home. Continue reading “Africa’s richest man makes a $17 billion bid for immortality”