aliko dangote

The Digest: Billionaire businessman Aliko Dangote has predicted that the naira will strengthen to ₦1,100 per dollar in 2026, citing the impact of government policies and reduced import dependency. Speaking at the launch of the national industrial policy 2025, Dangote said: "Today, the dollar...

The Digest: Africa's richest man, Aliko Dangote, has appointed his three daughters to executive positions within the multi-billion dollar Dangote Group as part of succession planning and Vision 2030 ambition to build a $100 billion enterprise. Halima Dangote becomes Group Executive Director...

The Digest: First HoldCo Chairman Femi Otedola has expressed optimism that the naira will strengthen to below N1,000 per US dollar before the end of 2026, citing the Dangote Refinery's attainment of full 650,000 barrels per day capacity. In a social media post, Otedola congratulated Aliko...

The Digest: Aliko Dangote has lodged a new petition with the EFCC against former NMDPRA chief Farouk Ahmed, alleging abuse of office and corrupt enrichment. The move comes days after withdrawing a similar case from the ICPC Key Points: Dangote’s legal team filed the petition through lead...

The Digest: The ICPC has confirmed it will continue investigating former NMDPRA MD Farouk Ahmed despite Aliko Dangote’s withdrawal of a corruption petition. The agency cites statutory duty and public interest, a reminder that some storms are too big to withdraw from. Key Points : ICPC...

The Digest: Billionaire businessman Aliko Dangote has withdrawn a corruption petition he filed with the Independent Corrupt Practices Commission against former NMDPRA Chief Executive Farouk Ahmed. The petition, alleging embezzlement and diversion of public funds, was pulled after another...

The Digest: In a system where building a nation often feels like bearing its hidden costs, one industrialist points to the structural weight citizens carry. Aliko Dangote has explained that Nigerians pay more for locally produced cement than foreign buyers due to a heavy domestic tax burden...

The Digest: Civil society activists have staged protests at the Abuja headquarters of the ICPC and EFCC, demanding urgent investigation into Aliko Dangote’s allegation that NMDPRA Chief Executive Farouk Ahmed spent over $5 million on his children’s secondary education in Switzerland. The...

The Digest: NMDPRA CEO Farouk Ahmed has disowned a viral statement attributed to him, clarifying he did not issue any response to Aliko Dangote's allegations. He is instead relying on the ongoing ICPC investigation to clear his name. Key Points: NMDPRA CEO Farouk Ahmed disowned a statement...

The Digest: Nigeria's anti-corruption agency has formally acknowledged a high-stakes corporate-regulator clash, setting the stage for a major probe. The Independent Corrupt Practices Commission has confirmed it received a petition from Aliko Dangote against NMDPRA CEO Farouk Ahmed and stated...

The Digest: Aliko Dangote has formally petitioned the Independent Corrupt Practices Commission (ICPC) against NMDPRA Managing Director Farouk Ahmed, demanding his arrest and prosecution for allegedly spending over $7 million on his children's Swiss education without lawful means. Key Points...

The Digest: In a dramatic escalation of a corporate-regulator feud, specific names and institutions are now at the centre of a multi-million dollar allegation. Billionaire Aliko Dangote has detailed his claim that NMDPRA CEO Farouk Ahmed spent over $5 million on his four children's secondary...

The Digest: Aliko Dangote's renewed accusations against NMDPRA CEO Farouk Ahmed have coincided with a sharp drop in fuel prices, as his refinery cuts rates to undercut importers. Key Points: Aliko Dangote accused NMDPRA CEO Farouk Ahmed of economic sabotage for favoring fuel imports over...

The Digest: Aliko Dangote has stated he lives a “simple life” and is not driven by personal wealth, framing his fight against fuel importers as a patriotic mission to safeguard Nigeria’s economy rather than a pursuit of profit. Key Points: Dangote emphasized that continued fuel importation...

The Digest: Aliko Dangote has vowed to aggressively counter fuel importers who bypass his refinery, declaring he will increase his fleet of CNG trucks to 8,000 if necessary to secure market share and protect his $20 billion investment. Key Points: Dangote said if importers continue...

The Digest: Aliko Dangote has announced that filling stations, including MRS outlets, will begin dispensing petrol at ₦739 per litre in Lagos from Tuesday, following his refinery's ex-depot price reduction to ₦699. Key Points: Dangote set a target of keeping petrol below ₦740 nationwide in...

The Digest: Aliko Dangote has publicly challenged the Chief Executive of the NMDPRA, Engr. Farouk Ahmed, over allegations he spent $5 million on his children’s Swiss secondary education, demanding accountability and declaring the sector’s regulator “should never act as a trader.” Key Points...

The Digest: Dangote Petroleum Refinery has reduced the ex-depot price of petrol from ₦828 to ₦699 per litre. According to pricing data, the 15.6% drop marks the refinery’s 20th price adjustment this year, aligning with Aliko Dangote’s pledge to maintain competitive, affordable fuel. Key...

The Digest: Aliko Dangote has announced that his refinery will pay dividends in U.S. dollars once listed on the Nigerian Exchange. The move is part of a broader vision to grow Dangote Group into a $100 billion enterprise by 2030. Key Points : Aliko Dangote announced dollar-denominated...

The Digest: Nigerian industrialist Aliko Dangote has launched a $700 million fund dedicated to improving education access and developing technical skills across Nigeria over the next ten years. The initiative aims to directly address the nation's crisis of out-of-school children and build a...