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Tag: Dangote Group

Oil and Gas

Dangote Group expands gas supply deals with NNPC subsidiaries

The Dangote Group has expanded its Gas Sales and Purchase Agreements with NNPC Ltd subsidiaries, including Nigerian Gas Marketing Limited and NNPC Gas Infrastructure Company Limited. The agreements were signed during the unveiling of the NNPC Gas Master Plan 2026, dubbed “NGMP 2026,” held over the weekend at NNPC Towers, Abuja. According to a statement […]

Business

Dangote, Indorama projects to position Nigeria as fertiliser export hub

The Nigerian Midstream and Downstream Petroleum Regulatory Authority says ongoing expansions at Indorama, Dangote Fertilizer and other plants are expected to position Nigeria as a net exporter of urea and fertiliser by 2028. The Chief Executive Officer of NMDPRA, Saidu Mohammed, disclosed this during an operational tour of Indorama Eleme Petrochemical Limited on Wednesday, January […]

Dangote Sugar exceeds N1tn market cap level 
Business

Dangote plans $700m investment to end sugar import

The Dangote Group is poised to end Nigeria’s reliance on imported sugar through an extensive investment of more than $700 million in a sugar expansion plan aimed at significantly boosting local production. Dangote Sugar Refinery, a subsidiary of the group, is planning to allocate this substantial investment towards crucial areas, including land development, equipment acquisition, […]

Business

Dangote Group denies ownership of truck in fatal Ondo crash

Dangote Group has denied reports linking one of its trucks to a fatal accident in Akungba-Akoko, Ondo State. At least eight people lost their lives on Wednesday when a truck crashed into shops near Adekunle Ajasin University. In a statement on Thursday, the company clarified that the vehicle with registration number JJJ 365 XB does […]

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Dangote dares NUPENG to expose $18bn refinery spending

The controversy between the Dangote Petroleum Refinery and the Nigerian Union of Petroleum and Natural Gas Workers took a new turn on Friday when the Dangote refinery asked the union to expose those behind the reported $18bn spent on government-owned refineries without results. In a statement, Dangote questioned why the refineries in Port Harcourt, Warri, […]

Aliko Dangote
Business

Dangote Refinery dismisses NUPENG allegations of anti-labour practices

Dangote Petroleum Refinery has rejected allegations by the Nigeria Union of Petroleum and Natural Gas Workers that it barred tanker drivers from union membership, describing claims of anti-labour practices, monopolistic conduct, and plans to raise fuel prices as “baseless.” NUPENG had on Monday shut down depots, alleging that Dangote prevented newly hired drivers of its […]

Dangote Plc becomes most valuable company in Nigeria
Business

Dangote Group mourns Phyna’s sister Ruth Otabor

The Dangote Group has mourned the passing of Ruth Otabor, who died from injuries sustained in a recent accident involving one of its trucks in Auchi, Edo State. In a statement posted on its X account and signed by management on Sunday, the company confirmed that Ruth, sister of reality TV star Phyna, had been […]

News

Dangote invests $280m in CNG conversion tech, infrastructures

The Dangote Group has announced an investment exceeding $280 million in Compressed Natural Gas technology and infrastructure. This move underscores the company’s commitment to supporting President Bola Tinubu’s CNG initiative and its leadership in the sector. The investment aims to mitigate climate change and facilitate Nigeria’s transition to a low-carbon economy, aligning with Tinubu’s strategy […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote denies new suit against NNPCL, others over import licenses

The Dangote Group has characterized the lawsuit against the Nigerian National Petroleum Corporation Limited and other oil companies as an “old issue.” The group communications officer of Dangote Group, Anthony Chiejina, stated that the proceedings are currently on hold, with intentions to withdraw completely by January 2025. He clarified that the case originated in June […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote to transport refined products by sea — Official

The Dangote Group announced plans to transport refined petroleum products by sea. This was disclosed in a statement on Sunday by the by the Senior Adviser to the Group President, Fatima Wali-Abdurrahman, according to The Punch. She noted the construction of a jetty in the Lekki Free Zone to facilitate bulk cargo handling during the […]

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

Analysts blame merger denial, forex crisis for Dangote stocks decline

Foreign exchange losses and the Securities and Exchange Commission’s decision to deny the merger proposal of the Dangote Group, which comprises Dangote Sugar Refinery and NASCON Allied Industries, have been blamed for the recent decline in the stock prices of the company. The persistent pressures on inflation and volatility in the foreign exchange market, according […]

News

Dangote Group receives $105.33m from CBN’s Dutch auction 

Dangote Group emerged as a huge winner, acquiring at least $105.33 million in foreign exchange bids in the most recent Retail Dutch Auction held by the Central Bank of Nigeria. This allocation marks about 13% of the $876.26 million that the CBN disbursed to eligible banks, according to Nairametrics. Zenith Bank, Access Bank, Providus Bank, […]

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