Fox9janews

18/08/2024

23/02/2023

24/01/2023

📌 Dear , leadership is part of your DNA!

The future of Africa rests in your hand and you must play your part in the actualisation of this great future.

It's a new week and a brand new opportunity for you to apply to and join the league of entrepreneurs who are transforming the continent through their businesses.

Hurry now to www.TEFConnect.net to apply!

21/01/2023

Dangote Cement appoints new CEO
The new CEO’s tenure begins in March, the disclosure said.

Dangote Cement Plc has named Arvind Pathak as the company’s new chief executive/managing director, the company said in a note posted on the Nigerian Exchange’s website on Thursday.

Mr Pathak will replace Frenchman Michel Puchercos, who will depart the cement maker at the end of February after three years at the helm.

The new CEO’s tenure begins on 1 March, the disclosure said.

Mr Pathak led India’s Birla Corporation, a cement producer, before he became the chief operating officer and deputy managing director of Dangote Cement. He formerly served at Mumbai-based Associated Cement Company Limited as regional CEO and has experience spanning more than 30 years, which includes transforming businesses, spearheading crucial greenfield projects, as well as overseeing operations and plant maintenance.

The newly appointed CEO obtained a degree in Electrical Engineering from University of Roorkee now IIT Roorkee in 1980, and a postgraduate degree in Industrial Engineering and Management in 1982.

“The appointment of Mr Arvind Pathak will be included in the Agenda at the next Annual General Meeting for ratification by the shareholders in accordance with the Companies and Allied Matters Act”, Dangote Cement said.

“The Board would like to thank Mr Michel Puchercos for his commitment and contributions to the Board and wishes him well in his future endeavours while welcoming Mr Arvind Pathak back to the Dangote family and wishing him success in his new role.”

Dangote Cement, sub-Saharan Africa’s biggest cement company, has presence in ten countries and a production capacity of 51.6 million tonnes per year.

21/01/2023

10 Things You Didn’t Know About Mike Adenuga And His Massive Business Empire

Dr. Mike Adenuga is one of the most inspiring businessmen not just in Africa but across the world. He has over the years built a thriving business empire from the ground up, and today, he is one of the wealthiest individuals in Africa.

However, despite his wealth and numerous feats, he is one who seems to consciously shy away from the public eye and maintains a rather low profile which is a safe haven of sorts for his personal and business operations.

According to Statista, Dr. Adenuga is currently the sixth richest man in Africa with a net worth in excess of $5.8 billion, but there are those who say that rankings do not do any justice to the Nigerian billionaire, whom they claim is the wealthiest man in Africa based on his cash liquidity.

These critics claim that ratings of the wealthiest people on the planet are always carried out based on stock market figures and performance – which has numerous limitations. Moreover, they argue that the challenges and inaccuracy of stock exchange figures in Africa affect the ranking of business people like Dr. Adenuga.

You are familiar with the likes of Aliko Dangote of Dangote Group and Abdulsamad Isyaku Rabiu of BUA Holdings, but how well do you know Dr. Mike Adenuga? Below are ten things about the Nigerian billionaire and his massive business empire you didn’t know. Check them out!

10 Things You Didn’t Know About Mike Adenuga
Mike Adenuga was the first Nigerian to discover oil in Commercial quantity. The businessman has been drilling oil in Nigeria since 1991, and he currently owns about ten oil wells, as well as Conoil, his only publicly quoted company that operates both upstream and downstream with substantial gas reserves.
Mr. Adenuga is the sole owner of Globacom. In the entire continent, he is the only one that operates a telecommunications company solely owned by one man. He also single-handedly financed the construction of submarine cables from Europe to Africa.
Dr. Adenuga is the owner of Devcom Merchant Bank and Equitorial Trust Bank, which Sterling Bank PLC recently acquired. He is also one of the largest shareholders in Sterling Bank and First Bank of Nigeria.
He is one of the most prominent Real Estate owners in Africa. His property portfolio, both in Africa and across the globe, is second to none. He also has significant shares in Julius Berger Nigeria Plc, the largest Construction conglomerate in the country.

Dr. Mike Adenuga’s hostile business takeover in May 2015 enabled him to purchase Ivorian mobile telecommunications company Comium Côte d’Ivoire for $600 million.

Through his many companies and business operations, Mr. Adenuga is one of the largest employers of labour in Nigeria and Africa.
Fondly referred to as “The Spirit of Africa,” Mike Adenuga is one of the most prominent philanthropists in Africa. Through the renowned Mike Aenuga Foundation, he continues to impact the lives of millions of people and is credited with being the biggest supporter of the Nigerian entertainment industry through the unique Glo brand ambassador initiative.

To fund his university education abroad, Mike Adenuga worked as a Taxi driver and was able to see himself through school and bag a Bachelor’s Degree in Business Administration from Northwestern Oklahoma State University and Pace University.

Dr. Mike Adenuga was the first in Nigeria to receive the African Entrepreneur of the Year award in 2007.

In 2012, Mike Adenuga was appointed as the Grand Commander of the Order of Niger (GCON) at the 2012 National Honours Awards in Abuja by then president of Nigeria, Goodluck Ebele Jonathan.