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Tag: Aliko Dangote

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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Aliko Dangote has withdrawn the petition he filed with the Independent Corrupt Practices and Other Related Offences Commission against Ahmed Farouk, the former head of the Nigerian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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Dangote demands NNDPRA CEO probe over alleged corruption

The chairman of Dangote Industries Limited, Aliko Dangote, has alleged that Farouk Ahmed paid about $5 million in tuition fees to Swiss secondary schools for his children. Ahmed is the current chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Dangote made the remarks at a news conference at the Dangote Petroleum […]

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ECOWAS appoints Aliko Dangote as pioneer business council chair

The Economic Community of West African States has moved to deepen regional economic stability by partnering with leading private sector players, including Africa’s billionaire industrialist Aliko Dangote. The plan was unveiled on Wednesday by the President of the ECOWAS Commission, Omar Touray, at the 95th Ordinary Session of the ECOWAS Council of Ministers in Abuja. […]

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Why Nigeria doesn’t need to import petrol — Dangote

President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has criticised the crude supply practices of international oil companies, insisting that Nigeria has no justification for importing crude or refined petroleum products if existing laws are properly enforced. Speaking during a visit by the South South Development Commission to the Dangote Petroleum Refinery and Fertiliser Complex […]

Business

Dangote signs $1bn deal with Zimbabwe for industrial complex

Dangote Group, led by Alhaji Aliko Dangote, has signed a $1 billion investment agreement with the Government of Zimbabwe to develop an integrated industrial complex. The deal represents a significant milestone in Zimbabwe’s industrialization agenda under President Emmerson Mnangagwa’s Vision 2030, which targets transforming the nation into an industrialized, upper-middle-income economy within the next decade. […]

Oil and Gas

Dangote opts for expansion over buying government refineries

President of the Dangote Group, Alhaji Aliko Dangote, has dismissed suggestions that he should acquire one of Nigeria’s idle government-owned refineries, saying he prefers to focus on expanding the capacity of his Lekki refinery from 650,000 barrels per day to 1.4 million bpd. He made this remark while announcing the expansion of the $20 billion […]

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Dangote to sell 10% refinery stake on NGX

Chairman of Dangote Petroleum Refinery, Aliko Dangote, has announced plans to sell between five and 10 per cent of the refinery’s shares on the Nigerian Exchange Limited within the next one year. Speaking in an interview with S&P Global, Dangote confirmed that the move would follow the same path taken by other Dangote Group subsidiaries […]

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