2021 BSM Index
TOP 50 BRANDS NIGERIA® 2021
| #1 | Dangote |
|---|---|
| BSM Index | 81.5 |
| YoY | – |
| CEO | Aliko Dangote |
| Year Founded (in Nigeria) | 1981 |
| Website | www.dangote.com |
| Head Office | Union Marble House, 1, Alfred Rilwan House, Falomo, Ikoyi, Lagos |
| Nationality | NG/17 |
| Customer | – |
| Number of Branches | – |
| Annual Turnover | $4.1 billion (2017) |
| Employees | 30,000 |
| Marketing Budget | – |
Dangote Group is a Nigerian multinational industrial corporation, a diversified and fully integrated conglomerate, and one of the largest in Africa. The group employs more than 30,000 people with revenue in excess of US$4.1 billion as at 2016.
The Group’s interests span a range of sectors in Nigeria and across Africa, including Cement, Salt, Sugar, Oil & Gas, and some consumer goods. The core business focus is to provide local, value-added products and services that meet the ‘basic needs’ of the populace.
It currently has operations in 17 African countries with a focus on building local manufacturing capacity to generate employment, prevent capital flight and provide locally produced goods for the people.
Dangote’s interests include cement, sugar, salt, flour, pasta, beverages, and real estate, with new multi-billion dollar projects underway in the oil and gas, petrochemical, fertilizer and agricultural sectors of the economy.
Three of its subsidiaries are listed companies on the Nigerian Stock Exchange (NSE) as part of its vision of being a world-class organization. They include Dangote Sugar Refinery Plc (DSR), Dangote Cement Plc (DANCEM), Dangote Flour Mills Plc (DFM) and the NASCON Allied Industries Plc which operates through 18 subsidiaries in ten African countries. Its DANCEM is the most capitalised firm on the NSE list.
Dangote today is the largest conglomerate in West Africa and one of the largest on the African continent, with more than 30,000 people in its direct employment.
The company was founded by Aliko Dangote in 1981 as a trading enterprise, importing sugar, cement, rice, fisheries and other consumer goods for distribution in the Nigeria market. It moved into manufacturing in the 1990s, starting with textiles and later moved into flour milling, salt processing and sugar refining by the end of the decade. The company later moved into cement production, which is growing rapidly and moving into other African countries.
Dangote’s 650 thousand barrels per day refinery capacity is expected to help Nigeria out of its incessant petrol scarcity and enhance her balance of trade.
Dangote Group continues to grow its vision of becoming the leading provider of essential daily needs in Sub-Saharan Africa.
