Business

PenCom launches monitoring platform to enforce pension compliance

  • 15th June 2026

Dangote refinery cuts West Africa fuel imports

  • 15th June 2026

Brent drops below $84 as Hormuz reopening plan

  • 15th June 2026

IMF urges Nigeria to tax telecom services, extend

  • 14th June 2026

Contact Info

Some Populer Post

Nigeria’s domestic gas sales rise 30% on PIA reforms

Oil and Gas

Nigerians, others borrowed $3.18bn airtime credit in 2025 —

featured Finance

Food beverage firms cut jobs amid rising costs

featured Food

ATM, e-banking charges push banks’ earnings to N224.69bn

Banking

Tag: Aliko Dangote

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 […]

News

Dangote-backed investors to acquire Kenyan coffee chain, Java House

A private equity firm backed by Aliko Dangote is preparing to enter Kenya’s food and beverage market by acquiring Java House, a leading coffee chain in the country. Alterra Capital, an Africa-focused private equity fund with Dangote among its key investors, is partnering with Phatisa Group to purchase the restaurant chain from UK-based investment firm […]

featured

Petrol price cut in response to market conditions – Dangote

The President of Dangote Industries Limited, Aliko Dangote, had stated that the recent reduction in the price of petrol to N899.50 per litre at its loading gantry was primarily influenced by the complex dynamics of market forces. He also explained his responsibility to protect both the interests and investments of the multibillion-dollar company. This was […]

featured News

Dangote asks NNPC, marketers to stop fuel importation, boasts sufficient supply

The Chairman of Dangote Group, Aliko Dangote, has called on petroleum marketers, including the Nigerian National Petroleum Company Limited, to source petrol directly from his refinery to fulfill local demand. This announcement followed closed-door discussions with President Bola Tinubu at the Aso Rock Villa in Abuja. Dangote confirmed the refinery’s capability to produce over 30 […]

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

Dangote’s wealth doubles to $28bn after refinery launch

The Chairman of Dangote Group, has seen his wealth significantly increase following the launch of his long-awaited Nigerian oil refinery, now valued at $27.8 billion according to the Bloomberg Billionaires Index. However, despite this financial success, Dangote’s demeanor suggests concerns about the operation’s challenges. Dangote told Bloomberg that he wouldn’t wish the experience on his […]

News

Dangote, Grenada’s PM discuss potential Caribbean trade deal

The Chairman and CEO of the Dangote Refinery, Aliko Dangote, recently met with Grenada’s Prime Minister, Dickson Mitchell to discuss a potential trade deal aimed at strengthening trade relations between Nigeria and Grenada, as well as the broader Caribbean region. The meeting occurred on Thursday at the Dangote Refinery’s $20 billion petrochemical plant in Lagos, […]

News

Dangote tells FG to stop crude-for-loan deals

The President of Dangote Group, Aliko Dangote has called for Nigeria to stop mortgaging its crude oil to ensure a stable supply of feedstock for local refineries. Speaking at a summit organized by the Crude Oil Refinery Owners Association of Nigeria in Lagos, Dangote lamented that while countries like Norway are investing oil proceeds into […]

News

We’ve invested over $25bn in Nigeria’s oil, cement, sugar – Dangote

The Chairman of Dangote Group, Aliko Dangote, has stated that that his business conglomerates have invested over $25 billion in Nigeria over the past seven years. This investment spans various sectors, including oil and gas, cement, and sugar. Dangote made this disclosure while speaking on the sidelines of the recently concluded 79th United Nations General […]

News Oil and Gas

Refinery: Dangote calls NNPC’s withdrawal from 20% stake a ‘Big mistake’

The Chief Executive Officer of the Dangote Refinery, Aliko Dangote has criticized the Nigerian National Petroleum Company’s decision to back out of its plan to acquire a 20% stake in the refinery, calling it “a big mistake.” He emphasized the potential benefits of collaboration and the importance of strategic partnerships in driving the country’s economic […]

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

Dangote regrets missed chance to buy Arsenal FC

Alex Omenye President and CEO of Dangote Group, Aliko Dangote has expressed regret over missing the opportunity to purchase Arsenal Football Club. The billionaire, who had long shown interest in owning the North London team, revealed in a recent interview with Bloomberg’s Francine Lacqua in New York that he once considered buying the club when […]

News

Dangote urges FG to eliminate fuel subsidies completely

T­he President and Chief Executive of Dangote Group, Alhaji Aliko Dangote has urged the Nigerian government to completely eliminate fuel subsidies. He argues that doing so would clarify the country’s actual petrol consumption figures. Dangote confirmed his ownership of two oil blocks in the upstream sector, with production set to commence next month. He emphasized […]

News

Nigeria can now track daily petrol consumption, says Dangote

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has stated that with the refinery’s new gasoline production, Nigeria is now poised to accurately track its daily petrol consumption. This was disclosed by Dangote while addressing pressmen on Tuesday at the petrochemical plant in Lagos, according to Nairametrics. He emphasized that the $19 billion refinery […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in