dangote

The Digest: A fuel war is brewing in Nigeria as Aliko Dangote presses President Tinubu to include refined petroleum products in the 'Nigeria First' policy, which bans imports of items that can be locally produced. Dangote argues that fuel imports harm local refining, but oil marketers...

Digest: Aliko Dangote praises President Tinubu’s initiatives in the crude oil sector, including the naira-for-crude policy, for strengthening the naira and stabilizing foreign exchange rates. He commended efforts to ease business operations and expressed confidence in a favorable exchange rate...

The Digest: Aliko Dangote, President of Dangote Industries, has raised alarm over Africa’s annual loss of $90 billion due to the continent’s reliance on imported, often substandard, petroleum products. The comments were made during the ongoing West African Refined Fuel Conference in Abuja...

The Digest: Aliko Dangote, president of Dangote Group, is taking steps to reduce the price of Liquefied Petroleum Gas (LPG), also known as cooking gas, which he has criticized as unaffordable for many Nigerians. During a recent tour of his refinery in Lagos, Dangote announced plans to directly...

The Digest: Aliko Dangote, president of Dangote Group, has cast doubt on the future of Nigeria's state-owned refineries, claiming that despite $18 billion spent on their rehabilitation, they may never work again. The businessman criticized the failure to privatize the refineries, echoing...

President Tinubu toured the $20bn Dangote Refinery alongside tech mogul Bill Gates and billionaires Femi Otedola and Abdul Samad Rabiu. Described as a “historic moment,” the visit reaffirmed Nigeria’s industrial ambitions and Tinubu’s long-held vision for the Lekki Free Trade Zone. President...

Dangote Cement has been crowned Dividend Paying Company of the Year at the maiden Nairametrics Capital Market Choice Awards, edging out industry players like Airtel Africa and the Nigerian Aviation Company. The award celebrates its consistent commitment to rewarding shareholders and supporting...

Aliko Dangote says the federal government earns 52 kobo from every N1 generated by his cement company — a figure he uses to defend private-sector-led growth and push for better business conditions. Dangote says the FG earns over half of every naira made by Dangote Cement. Describes this as...

Aliko Dangote has been named among TIME Magazine’s 100 most influential philanthropists globally, honouring his impact through the Aliko Dangote Foundation, which spends over ₦50bn yearly on health, education, and economic empowerment across Africa. Dangote is the only Nigerian recognised on...

Dangote and BUA have agreed to maintain current cement prices for contractors handling federal infrastructure projects, backing President Tinubu’s Renewed Hope agenda. Abdul Samad Rabiu announced the decision after meeting President Tinubu at the Presidential Villa. Both cement giants aim to...

Dangote Petroleum Refinery has reduced its petrol gantry price to N825 per litre, signaling intensified competition in Nigeria’s downstream sector. This marks the second price drop in a month as the refinery seeks market dominance. The price of Premium Motor Spirit has been reduced from...