Aliko Dangote officially announces the start of petrol production at his 650,000 bpd refinery. The facility, praised for its global standard quality, is expected to boost Nigeria's economy and reduce fuel imports. Social media reactions are mixed, with optimism tempered by cautious anticipation...
South African billionaire Johann Rupert has overtaken Aliko Dangote as Africa’s richest person, with a net worth of $14.3 billion compared to Dangote’s $13.4 billion. Rupert's wealth surged due to favorable market conditions, while Dangote's fortune declined amid Nigeria's economic challenges...
Dangote Petroleum Refinery plans to start petrol supply by mid-September, undergoing test runs for production. Initial delays pushed back the timeline from June to August, but recent reports suggest the refinery remains on schedule. No petrol price has been fixed yet as operations commence.
The...
South African Johann Rupert has surpassed Nigerian Aliko Dangote to become Africa’s richest person, with a net worth of $13.65 billion. Rupert’s wealth surged due to gains in luxury goods, while Dangote's fortune declined due to the Naira's devaluation. Rupert is now ranked 154th globally.
In a...
Grammy-winning artist Burna Boy highlights the societal challenges faced by wealthy Nigerians outside politics in his new song "Empty Chairs." His commentary aligns with recent issues faced by billionaire Aliko Dangote, who accused international oil companies of hindering his refinery...
Gabon’s President Brice Oligui Nguema invites Aliko Dangote to invest in the nation’s cement and fertilizer sectors, aiming to enhance infrastructure and agricultural productivity. Dangote Industries' potential investment aligns with their strategic vision for sustainable development in Africa...
Femi Otedola has voiced his support for Aliko Dangote amid a dispute with federal officials, stressing the importance of backing Dangote’s industrial achievements for Nigeria’s economic independence. Otedola argues that supporting such visionaries is vital for national development and economic...
Heineken Lokpobiri, Nigeria's Minister of State for Petroleum Resources, met with Aliko Dangote and NMDPRA's Farouk Ahmed on July 22, 2024, to address issues affecting the Dangote Refinery. The meeting aimed to resolve conflicts and improve collaboration for the refinery's success and Nigeria's...
Billionaire Femi Otedola shared Aliko Dangote's statement on halting his steel investment, sparking social media reactions. Dangote criticized Nigeria's regulatory challenges, emphasizing the struggles faced by investors. The public expressed concern and amusement, highlighting the need for...
Aliko Dangote, Africa's wealthiest man, reveals he resides in a rented apartment in Abuja, emphasizing his commitment to industrializing Nigeria. Despite owning homes in Lagos and Kano, he sold his London property in 1996 to avoid distractions from his Nigerian ambitions. His stance sparks mixed...
NNPC reduces its stake in Dangote Refinery from 20% to 7.2% due to strategic realignment. The decision, communicated months prior, aims to align with NNPC's objectives. The refinery, a key project in Nigeria’s energy sector, began production on January 12. Future impacts remain closely watched...
Aliko Dangote criticizes CBN's 26.25% interest rate hike at MAN summit, arguing it hinders business growth and job creation. He calls for government support of manufacturers to address economic challenges. MAN reports significant sector exits, highlighting the need for policy reforms to boost...
Nigerians react to suspicions of sabotage in the Dangote Refinery fire, expressing concerns over economic impacts and future fuel prices. Social media reflects widespread disbelief and anxiety amid ongoing investigations into the incident's cause and potential consequences for national energy...
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