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Tag: Aliko Dangote

Dangote refinery receives one million crude barrels
Oil and Gas

Dangote refinery receives one million crude barrels

The Nigeria National Petroleum Corporation Limited delivered the fourth shipment of one million barrels of bonny light crude oil to the Dangote Petroleum Refinery on Monday. The PUNCH reported that according to a statement from the $20 billion enterprise, the fifth crude oil cargo is expected soon. The plant had previously received three shipments of […]

Dangote, two other billionaires lost $9.3bn in 2023 - Report
featured

Dangote, two other billionaires lost $9.3bn in 2023 – Report

The Forbes’ Real-Time Billionaires list has revealed that three Nigerian billionaires – Aliko Dangote, Abdulsamad Rabiu, and Mike Adenuga’s combined wealth would fall by $9.3 billion in 2023. The Forbes’ wealth-tracking tool gives ongoing updates on each individual confirmed to be a billionaire’s net worth and ranking. When relevant stock markets are open, the value of individuals’ […]

Dangote refinery to import crude oil from Libya
News

Dangote refinery targets 350,000bpd – Report

Bisola David   The chairman of the Dangote Group, Aliko Dangote, has announced that the refinery will begin operations in December 2023 and that its first target will be 350,000 barrels per day. He stated this in an interview with the Financial Times on November 25. Dangote said that the eagerly anticipated refinery will begin operations with 350,000 […]

Dangote refinery urges NUPENG, PTD to resolve conflict
Business

Dangote will tackle unemployment – Fatima Aliko-Dangote

The Executive Director of Commercial Operations for the Dangote Group, Hajia Fatima Aliko-Dangote, has reaffirmed the company’s commitment to eradicating the high rate of youth unemployment in the country. According to The Punch, Aliko-Dangote revealed this information during the just-finished “Dangote Day” at the Lagos International Trade Fair. He stated that since the company’s founding, President […]

Dangote refinery secures licence to refine crude oil
News

Dangote refinery secures licence to refine crude oil

Africa’s wealthiest man,Aliko Dangote, has announced that his refinery has obtained a license to process over 300,000 barrels of Nigerian crude daily and is set to commence gasoline production soon. “We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” Dangote said in an interview in Riyadh […]

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

Dangote subsidiaries pay N474bn in taxes over three years

Dangote Industries Limited increased the Federal Government’s tax base by remitting over N474 billion in taxes over the course of three years. The Punch reported that they are all listed on the Nigerian Exchange Limited’s floor: Dangote Cement Plc, Dangote Sugar Refinery Plc, and NASCON Allied Industries Plc. An analysis of the remittances revealed that the […]

Dangote refinery urges NUPENG, PTD to resolve conflict
Business

Lagos NUJ awards Dangote as highest private employer in Nigeria

Dangote Industries Limited received an award of excellence from journalists in Lagos State for its remarkable contributions to the economic development of Nigeria and Africa in general. According to journalists, Dangote’s aggressive employment generation push, which has resulted in thousands of capable youths finding lucrative employment within the Group, and the company’s dedication to providing essential […]

Dangote cement hits historic N10trn market capitalization
featured

Dangote justifies cement price amidst criticism

Dangote Cement Plc has stated that its cement pricing is comparable to or cheaper than those seen along the West African coast. The Punch reported that the company stated that, contrary to widespread media allegations, the price of a bag of cement from its Nigerian facilities had not increased. The company had faced widespread criticism […]

Equity market loses N92bn as stocks tumbles
Business

GSK, Dangote Sugar boosts stock market by 0.22%

The Nigerian Exchange Limited All-Share Index increased by 0.22 percent at the conclusion of the previous week due to gains in the stocks of Dangote Sugar Refinery Plc (25%) and Glaxo Smithkline Consumer Nigeria Plc (20.27%). The Punch reported that the market capitalization increased to N35.48 trillion from N35.4 trillion the previous week, giving investors a […]

Dangote's daughter Mariya named Dangote Sugar Executive Director
Appointments

Dangote’s daughter Mariya named Dangote Sugar Executive Director

The board of directors of Dangote Sugar Refinery Plc. has appointed the daughter of Aliko Dangote, Mariya Aliko Dangote as Executive Director. This information was provided in a formal statement sent to Nigeria Exchange Limited and signed by the company secretary, Mrs. Temitope Hassan. According to the statement: “The Dangote Sugar Refinery Plc (the Company) Board of […]

NASCON Allied Industries to merge with Dangote sugar refinery
Business

NASCON Allied Industries to merge with Dangote sugar refinery

The Board of Directors of NASCON Allied Industries Plc authorized a merger plan with Dangote Sugar Refinery Plc. and Dangote Rice Limited on Thursday, July 28, 2023, subject to regulatory and shareholder clearances. According to Nairametrics, the announcement followed a previous report from a planned annual general meeting to discuss the proposed merger. The Unaudited Financial Statements […]

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