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Nigeria eyes Africa’s second-largest cloves production with 74,000

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External reserves hits $46bn, highest in nearly eght

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Tag: Aliko Dangote

Nigeria is finished if manufacturing sector dies, MAN warns
Business

Manufacturers demand law to enforce ‘Nigeria First’ policy across MDAs

The President of the Manufacturers Association of Nigeria, Francis Meshioye, and the President of Dangote Group, Aliko Dangote, have both stressed the critical need for the Federal Government to reinforce the ‘Nigeria First’ policy with enabling legislation. This legislation, they argue, must ensure the policy is enforced consistently across all government ministries, departments, and agencies. […]

Business

Ajaokuta steel company in good shape – FG

The Federal Government has declared that Ajaokuta Steel Company is in good shape, contrary to recent media reports. In a statement signed by Head of Press and Public Relations Department at the Ministry of Steel Development, Salamatu Jibaniya, the government emphasized its commitment to developing Nigeria’s steel sector, including the resuscitation of Ajaokuta Steel Company […]

Business

Dangote adds 6,000 cargo trucks to fleet amid NUPENG rift

The President and Chief Executive of Dangote Group, Aliko Dangote, has revealed that the conglomerate has acquired 10,000 trucks, 4,000 CNG fuel tankers and 6,000 dry cargo trucks for transporting coal and other solid commodities across its operations. Speaking in a session aired by Channels Television on Tuesday, Dangote addressed ongoing disputes with the Nigeria […]

Business

Lenders would have seized my assets if refinery failed – Dangote

The President of the Dangote Group, Aliko Dangote, has revealed that if his multibillion-dollar refinery project had failed, lenders would have seized his assets. Speaking on Monday at a press conference marking one year since petrol production began at the 650,000-barrel-per-day facility, Dangote described the refinery as a high-risk venture. He noted that many industry […]

Dangote names Lekki refinery road after Wigwe
Business

I won’t allow ‘oil mafias’ kill my refinery – Dangote

Africa’s richest man, Aliko Dangote, has accused powerful interests in Nigeria’s petroleum sector of deliberately working to undermine his multibillion-dollar refinery. Speaking in Lagos on Monday at the launch of compressed natural gas-powered trucks for direct fuel distribution, the Dangote Group president compared the pushback to the sabotage that crippled Nigeria’s once-thriving textile industry. He […]

Business

Labour unions, marketers weaponised to frustrate refinery – Dangote

The Dangote Group has accused influential oil import cartels of using labour unions and industry associations to sabotage its refinery operations, warning that such moves endanger Nigeria’s push for economic self-reliance. In a statement issued Monday, the company faulted the Nigeria Union of Petroleum and Natural Gas Workers and the Depot and Petroleum Products Marketers […]

Business

Aliko Dangote inks $2.5b deal to construct fertilizer plant in Ethiopia

Africa’s richest man, Aliko Dangote, has struck a multibillion-dollar deal with the Ethiopian government to construct a fertilizer plant poised to transform the country’s agriculture-based economy. Signed in Addis Ababa on Thursday, the agreement gives Dangote a 60 per cent stake in the facility, while state-owned Ethiopian Investment Holdings will hold the remaining 40 per […]

Dangote refinery urges NUPENG, PTD to resolve conflict
Business

Nigerians to become shareholders in $20bn refinery – Dangote

President of the Dangote Group, Alhaji Aliko Dangote, says Nigerians will soon have the opportunity to become shareholders in his $20 billion refinery located in Lekki, Lagos State. Speaking at the Global Commodity Insights Conference on West African Refined Fuel Markets — organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in collaboration with […]

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Aliko Dangote steps down as chairman of Dangote Cement

Africa’s richest man and founder of Dangote Cement Plc, Aliko Dangote, has stepped down as Chairman and Director of the company’s Board, effective July 25, 2025. The decision marks a major leadership transition for the cement giant. According to a statement issued by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, […]

Dangote Industries finalises N200bn bond listing
Business

Dangote refinery commences export of PMS to international markets

The Dangote Oil Refinery has commenced the export of Premium Motor Spirit to international markets. This was revealed on Tuesday by the President of Dangote Group, Alhaji Aliko Dangote, during the Global Commodity Insights Conference on West African Refined Fuel Markets, organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in collaboration with S&P […]

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Nigeria should aim for 60,000mw electricity – Aliko Dangote

The President of the Dangote Group, Alhaji Aliko Dangote, has questioned Nigeria’s persistent power supply challenges, noting that if his company can generate over 1,500 megawatts for its own use, the country has no excuse for producing just 4,500 to 5,000 megawatts. Dangote said Nigeria should be targeting at least 60,000 megawatts to support its development […]

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