Dangote speaks on Lamu refinery protests Aliko Dangote has blamed local oil marketers and international oil companies (IOCs) for protests against his planned refinery in Lamu, Kenya. The Nigerian billionaire made the claim during an interview with the BBC’s Focus on Africa programme. He spoke as some Lamu residents protested over land acquired for the…
Dangote Industries Limited has acquired 4,000 more construction machines for its refinery expansion in Lekki, Lagos. The move brings its total equipment fleet to 6,500 machines. Group Vice President, Oil and Gas and Fertiliser, Devakumar Edwin, disclosed this during a refinery tour. He said the expansion will raise the refinery’s capacity to 1.4 million barrels…
Aliko Dangote’s net worth jumps to $51 billion after a new valuation of his refinery, making him the world’s 36th richest person. Dangote’s Wealth Jumps to $51 Billion Africa’s richest man, Aliko Dangote, has added about $20 billion to his fortune. His net worth now stands at $51 billion, according to Forbes. The huge increase…
Aliko Dangote will retain 84.34% control of Dangote Petroleum Refinery after the company’s planned N2.15 trillion Initial Public Offering (IPO) Nairametrics reports. The figure comes from an analysis of the refinery’s IPO prospectus dated September 7, 2026. It shows that Dangote’s ownership is spread across several companies. Therefore, his total interest is higher than the…
Aliko Dangote plans to grow his $20 billion business empire into a $100 billion giant by 2030 through oil, cement and fertilizer expansion. A bold target for Africa’s richest businessman Aliko Dangote is planning a major expansion that could push his business empire to $100 billion by 2030. The Dangote Group currently generates about $20…
The Federal Government’s midstream and downstream petroleum regulator has defended Dangote dollar fuel sales, saying the move does not violate the Petroleum Industry Act (PIA). Dangote Can Officially Sell in Dollars According to senior officials, the law allows operators to recover their investment and operating costs. Since the Dangote Refinery now buys much of its…
In the midst of recent petrol price hikes, Dangote Petroleum Refinery says its new dollar payment policy is not responsible. The refinery explained that no marketer has paid for petrol in dollars since the policy was introduced. Instead, marketers are raising prices in a bid to sell old stock bought before the new payment system….
Organizers held the 45th Kaduna International Trade Fair in Kaduna. The event featured the theme Sustainable Economic Recovery Through Deepening of Local Content Value Chain. Participants from various sectors attended to discuss economic strategies. Aliko Dangote, President of Dangote Group, led the push for local content development. Fatima Wali-Abdulrahman, Special Adviser to Dangote, represented him…
Three companies under Dangote Group strengthen their gas supply agreement with units of Nigerian National Petroleum Company Ltd (NNPC Ltd). These agreements aim to support their growth strategies while aligning with Nigeria’s transition to cleaner energy and industrialization. The announcement made during the launch of the Nigeria Gas Master Plan 2026 in Abuja on Friday….
Anthony Joshua addressed a tragic car crash that killed two of his closest friends. He shared his feelings in a video posted on social media. Fans around the world sent messages of support. The Fatal Accident The incident happened on December 29, 2025, near Lagos, Nigeria. Joshua traveled in the back of a Lexus SUV…
