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Tag: Aliko Dangote

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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 […]

Appointments

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. […]

featured Oil and Gas

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 […]

Business featured

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 […]

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 […]

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