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Tag: Aliko Dangote

Dangote names Lekki refinery road after Wigwe
Opinion

UK deal signals growing investor confidence in Nigeria — Dangote

Africa’s richest man, Aliko Dangote, has hailed a major £746 million financing agreement secured during President Bola Tinubu’s recent state visit to the United Kingdom as a clear sign of rising international confidence in Nigeria’s economy. Speaking to journalists after a courtesy visit to President Tinubu at his Lagos residence on Monday, Dangote described the […]

Oil and Gas

NMDPRA continues approvals for fuel imports – Dangote

The President of Dangote Industries Limited, Aliko Dangote, stated yesterday that the Nigerian Midstream and Downstream Petroleum Regulatory Authority continues to issue licences for petrol imports, despite public assertions suggesting otherwise. He warned that this practice could threaten the operations of his refinery and put the country’s energy security at risk. Dangote added that the […]

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Dangote retains Africa’s richest spot with $28.5bn fortune

Nigeria’s business magnate Aliko Dangote has once again secured his position as Africa’s wealthiest individual. He tops the Forbes 2026 Africa Billionaires ranking with an estimated net worth of $28.5 billion. Over the past year, the continent’s richest figures collectively gained more than $20 billion. The latest Forbes list, released on Monday, highlights Africa’s 23-member […]

Dangote names Lekki refinery road after Wigwe
Business

Naira could hit N1,100/$ in 2026 – Dangote

The Chairman of the Dangote Group, Aliko Dangote, has said that the naira could strengthen to as low as N1,100 per dollar this year, supported by the Federal Government’s industrial and economic reform initiatives. He added that the only scenario that could prevent this appreciation is if the government intentionally keeps the naira weaker to […]

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Dangote targets stronger supply chain, digital capabilities to drive growth

The President of the Dangote Group, Aliko Dangote, on Thursday reaffirmed the conglomerate’s commitment to strengthening its supply chain, expanding digital capabilities, and sustaining customer-driven growth. He spoke while addressing stakeholders at the Nascon 2025 Customers’ Dinner and Awards Night held in Abuja. Dangote, widely regarded as Africa’s richest man, told customers, board members, and […]

Business

Dangote appoints MTN CEO to steer fertilizer business expansion

Dangote Industries, owned by Africa’s richest man, has appointed MTN Group Ltd. CEO Ralph Mupita to the board of its fertilizer subsidiary as it gears up for expansion and a potential listing in Nigeria. Dangote Fertiliser Ltd. Managing Director Vishwajit Sinha confirmed Mupita’s appointment in an email response to inquiries. The high-profile addition comes as […]

Business

Dangote drags ex-NMDPRA chief to EFCC over corruption claims

The Chairman of Dangote Industries, Aliko Dangote, has submitted a formal corruption petition to the Economic and Financial Crimes Commission, against Farouk Ahmed, the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, through his legal counsel. The development was confirmed in a statement issued on Friday by the Dangote Group’s media […]

Business

Dangote withdraws petition against ex-NMDPRA boss Ahmed Farouk

Aliko Dangote has withdrawn the petition he filed with the Independent Corrupt Practices and Other Related Offences Commission against Ahmed Farouk, the former head of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The ICPC confirmed the development in a press statement titled, “Investigation of Dangote’s Petition Against Engineer Farouk Ahmed of NMDPRA Continues.” This […]

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Dangote threatens ₦100bn libel suit against Kaduna bizman

President of the Dangote Group, Aliko Dangote, has issued a seven-day ultimatum to a Kaduna-based businessman, Kailani Mohammed, demanding a public retraction and apology over alleged defamatory statements, warning that failure to comply would result in a ₦100 billion libel suit. The demand was contained in a letter dated December 20, 2025, written by Dangote’s […]

Business

Dangote details $5m NMDPRA CEO spent on children’s Swiss education

The Chairman of the Dangote Group, Aliko Dangote, stated that the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, reportedly spent around $5 million on the secondary education of his children in Switzerland. In a paid newspaper advertisement on Tuesday, Dangote said the amount allegedly covered six years of schooling for […]

Oil and Gas

Trump is more than happy with our refinery — Dangote

President of Dangote Refinery, Alhaji Aliko Dangote, has dismissed claims that United States President Donald Trump is unhappy with the establishment of the $20 billion Dangote Refinery, describing such reports as unfounded. Dangote spoke amid social media claims linking Trump’s recent comments about possible military action against terrorists targeting Christians in Nigeria to the operations […]

Business

NNPC refineries would struggle to find buyers – Dangote

The President and CEO of Dangote Group, Aliko Dangote, stated that Nigeria’s four NNPC Limited refineries would struggle to attract buyers if offered for sale, pointing to regulatory hurdles and investment challenges. Dangote blamed the current crisis in the downstream sector on regulatory mismanagement under the previous administration. “During the last administration of President [Muhammadu] […]

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