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Tag: Aliko Dangote

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
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Dangote hints at major shake to reform downstream sector

The President of the Dangote Group, Aliko Dangote, has hinted at an upcoming major “shakedown” across Nigeria. Speaking to pressmen after President Bola Tinubu’s visit to the $20 billion refinery in Lekki, Lagos, Dangote clarified that the move is not aimed at reducing fuel prices, but rather at a complete transformation of the country’s downstream […]

Business

Naira-for-crude deal responsible for fuel price cut – Dangote

The president of the Dangote Group, Aliko Dangote, said the naira-for-crude policy has allowed his refinery to consistently lower product prices, ensuring steady availability for the benefit of Nigerians. He made these disclosure during President Bola Tinubu’s visit to the refinery on Thursday, when the president also launched the reconstruction of the deep-sea port access […]

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
featured

FG to earn $7m daily from Dangote’s fertiliser export plan

The President of Dangote Industries Limited, Aliko Dangote, has revealed that the company plans to begin exporting up to 16,000 tonnes of fertiliser daily within the next two years, generating about $7 million in daily revenue for the Federal Government. Dangote made this known during a courtesy visit to the Nigerian Ports Authority headquarters in […]

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
Business

Dangote industries ranked top African brand in Addis Ababa

Dangote Industries Limited, the Nigeria-based conglomerate founded by industrialist Aliko Dangote, has been named the “Most Admired African Brand” at the 15th annual Brand Africa 100 awards held at Africa Hall in Addis Ababa over the weekend. The accolade, determined by a consumer-led survey spanning over 30 African countries, underscores the company’s dominance in brand […]

Dangote names Lekki refinery road after Wigwe
Business

Local investors key to attracting foreign investment – Dangote

The President of Dangote Group, Aliko Dangote, has said that domestic investors play a critical role in attracting foreign investment. Speaking at the Taraba International Investment Summit in Jalingo, which drew participants from across Nigeria and beyond, Dangote stressed the importance of prioritizing indigenous businesses to foster sustainable growth, create jobs, and strengthen the national […]

EFFC Dangote raid crashes Nigeria dollar bond one week - Bloomberg
Business

Dangote, NNPC commit to collaborative efforts for national development

The President and Chief Executive Officer of Dangote Group, Aliko Dangote, on Thursday paid a courtesy visit to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr. Bayo Ojulari, at the NNPC Towers in Abuja. The high-level meeting focused on strengthening collaboration between Dangote Petroleum Refinery & Petrochemicals and NNPC Ltd. […]

News

Dangote hails Tinubu’s revolutionary oil sector reforms 

The Chairman of Dangote Group, Aliko Dangote, has commended President Bola Ahmed Tinubu for selecting a strong leadership team for the Nigeria National Petroleum Company Limited. Dangote specifically highlighted the appointments of Mr. Bashir Bayo Ojulari as Group Chief Executive Officer and Mr. Ahmadu Musa Kida as Non-Executive Chairman, emphasizing their capabilities in driving the […]

Dangote names Lekki refinery road after Wigwe
Business

Trump’s tariffs no threat to urea exports, says Dangote

Aliko Dangote, president of the Dangote Group, expressed optimism Thursday about the impact of U.S. President Donald Trump’s tariffs on the company’s urea exports, citing a competitive advantage over rivals. Speaking to reporters, Dangote noted that Algeria, a key competitor, faces steeper duties, potentially boosting Dangote’s market share in the U.S. The Nigerian conglomerate, a […]

News

Dangote hails First Bank’s Eko Atlantic move as game-changer

The Chairman of Dangote Group, Aliko Dangote, has described First Bank’s decision to build a massive new structure in Lagos’ rapidly developing Eko Atlantic city as a game-changer for Lagos’ financial landscape. Speaking during the groundbreaking ceremony on Tuesday, Dangote, commended the bank for setting a precedent that he believes will inspire other financial institutions […]

S'African billionaire dethrones Dangote as Africa’s richest man
News

Electricity woes stalling Nigeria’s industrial growth – Dangote

The President of the Dangote Group, Aliko Dangote, has attributed Nigeria’s industrialization challenges to unstable electricity. He noted that running a business abroad is 30% cheaper than in Nigeria and other African countries due to the reliable power supply in developed nations. Dangote made this remark while hosting Zambia’s Minister of Energy, Makozo Chikote, at […]

News

Dangote’s net worth hits $24bn after refinery’s operations

The Chairman of the Dangote Group, Aliko Dangote has seen his net worth rise to $23.9 billion, positioning him as the 86th richest person globally, according to Forbes. This significant increase is largely attributed to his 92.3% stake in Dangote Petroleum Refinery & Petrochemicals. According to Forbes on Tuesday, Dangote has seen his net worth […]

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
News

$23bn refinery biggest risk of my life – Dangote

The Chairman of Dangote Group, Aliko Dangote, has said that the massive risk he took with the Dangote Refinery, a venture that has redefined his wealth and transformed Africa’s energy sector is the biggest risk of his life. The 67-year-old billionaire revealed that the final investment of the refinery surpassed $20 billion—more than double the […]

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