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...
Modular refineries in Nigeria back Dangote's claims of sabotage by oil "mafias." They seek President Tinubu's intervention to ensure crude supply for domestic refining, accusing cartels of profiting from fuel imports.
Modular refineries in Nigeria have thrown their weight behind Aliko Dangote's...
Aliko Dangote, Chairman of the Dangote Group, announced that his $20 billion Lagos-based refinery, which processes 650,000 barrels per day, will significantly reduce fuel prices in Nigeria. Speaking at the Afreximbank Annual Meetings and AfriCaribbean Trade & Investment Forum in Nassau, The...
Aliko Dangote announced that the Dangote Petroleum Refinery will begin petrol supply by mid-July after a minor delay. Initial production was slated for June, aiming to end Nigeria's fuel imports. Talks are ongoing with international oil companies to ensure domestic crude oil supply obligations...
Nigerian billionaire Aliko Dangote voices frustration over African travel restrictions, revealing the burden of obtaining 35 visas for intra-continental trips. He urges African leaders to simplify visa procedures to foster regional integration and economic growth.
Renowned Nigerian billionaire...
Africa's richest man, Aliko Dangote, reveals Federal Government takes 52% tax on every N1 profit, citing challenges for entrepreneurs. He advocates for policy consistency and applauds positive steps like the Petroleum Industry Act.
Africa's wealthiest individual, Aliko Dangote, unveils a...
Aliko Dangote, Africa's richest man, asserts that Nigeria will cease petrol imports within weeks, thanks to his refinery's efforts. The refinery aims to meet West Africa's fuel needs and transform Africa's energy sector.
Aliko Dangote, the renowned Nigerian entrepreneur and chairman of Dangote...
Aliko Dangote's statement on the naira devaluation has sparked varied reactions among Nigerians. While some attribute the economic challenges to the previous administration, others speculate about Dangote's interests in the matter, citing alleged benefits he may have received during the period...
During the Annual General Meeting of Dangote Sugar Refinery Plc, Aliko Dangote vehemently criticized the decision to float the naira, branding it as the most detrimental event of 2023.
The abrupt devaluation of the naira, plummeting from N460 to N1,400 against the US dollar, wreaked havoc...
Dangote Petroleum Refinery has announced a further reduction in the prices of diesel and aviation fuel. The prices now stand at N940 and N980 per litre, respectively, marking a noteworthy decrease from the previous rates.
This decision follows closely on the heels of the refinery's recent...
Africa's wealthiest individual, Aliko Dangote, had set his sights on merging his conglomerate's sugar, salt, and rice businesses into a single entity, aiming to enhance operational efficiency and market consolidation. However, this grand plan has hit a roadblock, casting uncertainty over the...
Aliko Dangote, Nigeria's renowned industrialist, celebrated his birthday amid a flood of warm wishes from citizens across the nation. Praised as the epitome of patriotism, Dangote's entrepreneurial journey has reshaped Nigeria's investment landscape, particularly in challenging sectors like...
Nigeria's Dangote oil refinery commenced supplying petroleum products to the local market, marking a significant stride in the nation's pursuit of energy independence.
The refinery, erected for $20 billion by billionaire Aliko Dangote, Africa's richest man, stands as the continent's largest...
Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola emerged as the only Nigerians featured in Forbes' 2024 billionaires list, announced on Tuesday.
Despite global inflation and political turmoil, Forbes reported a surge in billionaire numbers, with 2,781 individuals worldwide – a...
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