Dangote Refinery seeks billions of dollars to import crude oil, aiming to reach full capacity of 650,000 barrels per day by 2025. The refinery’s success could lower local fuel costs, boost competition in Europe, and help de-risk European oil supply chains. Failure to address refinery issues may...
Aliko Dangote, the president of the Dangote Group, has reached a significant milestone, now ranking as the 65th richest person globally, with a net worth of $28 billion. This achievement follows the successful launch of his expansive Petrochemical refinery, which has proven to be a game changer...
Aliko Dangote emphasized Nigeria's potential as a refining hub at a recent summit, urging the government to enhance crude oil production and manage supplies. He highlighted the nation's capacity to transition from a net importer to a net exporter of petroleum products, aiming to reduce reliance...
Nigerian billionaire Aliko Dangote faces calls from football fans to invest in the Nigeria Premier Football League (NPFL) after expressing regret for not purchasing Arsenal. Supporters urge him to support local football, emphasizing the potential benefits for job creation and the development of...
Aliko Dangote, Africa’s richest man, criticized the EFCC's recent raid on his company, claiming it aimed to embarrass the Dangote Group. Despite ongoing investigations into forex allocations, Dangote maintains his company's operations are transparent and compliant with regulations, asserting it...
Aliko Dangote, Africa’s wealthiest man, has announced he will not purchase Arsenal for $4 billion, citing financial impracticality. In a Bloomberg interview, he emphasized his commitment to completing his $20 billion refinery project over acquiring the football club, expressing continued loyalty...
Aliko Dangote urges the Nigerian government to remove the unsustainable petrol subsidy, citing its financial strain. He emphasized transparency in fuel consumption through his refinery and criticized current fuel pricing. Nigerians expressed mixed reactions, questioning the subsidy’s existence...
The Aliko Dangote Foundation and the Presidential Committee on Flood Relief have each donated one billion Naira to support flood victims in Maiduguri, Borno State. The donations aim to aid recovery efforts following severe flooding that has displaced over one million residents and resulted in...
Aliko Dangote announced Nigeria will halt polypropylene imports starting October, as the Dangote refinery prepares for full operations. This move aims to meet local demand, reduce reliance on foreign suppliers, and boost the domestic manufacturing sector, ultimately benefiting Nigerian...
Bill Gates and Aliko Dangote attended the National Economic Council (NEC) meeting in Abuja. The meeting, led by Vice President Kashim Shettima, focused on economic and public health issues, including the polio eradication efforts in Nigeria. Their participation highlights the collaboration...
Femi Otedola praises Aliko Dangote for starting petrol production at the Dangote Refinery. Otedola describes this achievement as a landmark moment for Nigeria’s energy sector, ending decades of dependence on foreign fuel. The refinery, set to supply 25 million liters daily, symbolizes a...
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