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...
In a profoundly moving "Night of Tributes" dedicated to honoring the life and accomplishments of the late Chief Executive Officer of Access Corporation Plc, Herbert Wigwe, a distinguished assembly of corporate magnates, political figures, and business leaders converged to celebrate the enduring...
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Aliko Dangote, Nigerian business magnate and founder of the Dangote Group, announced the immortalization of the late Herbert Wigwe by naming a major road leading to the Dangote Refinery after the esteemed banking icon. Dangote shared this heartfelt decision during a tribute event organized by...
Dangote Refinery has increased its stock of imported crude oil from the United States, with a second shipment of US light sweet crude oil en route to Nigeria.
According to ship tracking data and traders, the vessel named Otis loaded approximately 850,000 barrels of WTI Midland in Houston...
The Dangote Cement Plc has emerged winner of the 2023 NatureNews Environmental Sustainability Award.
The award was conferred on the company Tuesday at the 3rd Anniversary Lecture of NatureNews and Presentation of the Hero of Environmental Actions for Development (HEAD) at the Shehu Musa...
In a crucial meeting held at the Presidential Villa in Abuja, President Bola Tinubu engaged in a strategic dialogue with prominent figures from Nigeria's private sector and state leadership. The summit, attended by business magnates Aliko Dangote, Abdulsamad Rabiu, Tony Elumelu, and governors...
The Federal government, led by Minister of Works David Umahi, is addressing the rising concerns over soaring cement prices by summoning major industry players to an urgent meeting.
The meeting, scheduled for Monday at the Federal Ministry of Works, Mabushi-Abuja, aims to examine the issues...
In a recent market survey conducted by DAILY POST, the price of a 50-kilogram bag of cement in the Federal Capital Territory has seen an alarming surge, ranging between N10,000 and N15,000.
Various locations such as Gwarimpa, Kubwa, Lugbe, and Dawaki reported Dangote cement priced at N10,000...
Governor Dapo Abiodun, Aliko Dangote, Aigboje Aig-Imokhuede, and others express condolences during a visit to Pastor Shyngle Wigwe and his wife, Mrs. Stella Wigwe, mourning the tragic loss of their children Herbert, Chizoba, and grandson Chizi in a devastating helicopter crash. The gathering...
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