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ALIKO DANGOTE
News and analysis about Aliko Dangote
Dangote Oil Refining Company (DORC) plans to divest a 12.75% stake in its refinery to new investors after the Nigerian National Petroleum Corporation (NNPC) Limited withdrew from fulfilling its obligations for a 20% acquisition of the refinery.
Companies under the Dangote Group lost about N1.21 trillion of their market capitalization in July 2024, as they all experienced double-digit share price decline during the month.
In a landmark move aimed at stabilizing fuel pump prices and the dollar-Naira exchange rate, the Federal Executive Council has approved President Tinubu's proposal to sell crude oil to Dangote Refinery and other upcoming refineries in Naira.
Aliko Dangote, Africa's richest man, lost $651 million due to naira devaluation and sell-offs in Dangote Cement, affecting his wealth.
The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has revealed that his company secured a total of $2.7 billion in loans from the Central Bank between 2013 to 2023 to finance the refinery.
Africa's richest man, Alhaji Aliko Dangote has travelled to Gabon in honour to the invitation of the country's President to explore investment opportunities in cement and fertiliser manufacturing.
The Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari has vowed to sanction any of its staff operating a blending plant in Malta.
In the last twelve months, the Landmark and Dangote cases showcased the strategic role of media in shaping public opinion and policy.
President of the African Development Bank, Akinwumi Adesina, has challenged those accusing Aliko Dangote of trying to monopolize the oil industry to establish their own refineries in Nigeria instead of importing petrol and diesel from abroad
The Chief Executive Officer of the Dangote Refinery, Aliko Dangote met with the top executives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Corporation Limited (NNPC), to brainstorm on solutions to the challenges facing the oil sector in the country.
Dangote Refinery is our only real 'agbado' in the fire. It is the only investment of its size that we as a nation have attracted ever and in the foreseeable future, and as such, all stakeholders must come together and put heads together to make it come on stream.
The Dangote Refinery in Lagos is in discussions with Libya to import crude oil for its 650,000 barrels per day plant as it increases production.