Aliko Dangote, a Nigerian business magnate, is still the wealthiest person in Africa. In addition, Dangote is listed as the 65th richest person in the world. According to Bloomberg’s most recent Top 500 Billionaires Index, which was made public on Thursday, Dangote, who currently has a net worth of $28 billion, saw a considerable gain…
Aliko Dangote, Chairman of the Dangote Group, has expressed regret over his decision not to purchase Premier League club Arsenal for $2 billion. In a recent interview with Bloomberg TV in New York, the billionaire admitted that time has passed” for him to buy Arsenal, saying that the club is now valued at approximately $4bn….
The Dangote refinery may resort to exporting its Premium Motor Spirit (petrol) following the refusal of the Nigerian National Petroleum Company Limited to be the sole buyer of its product. The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel unless it was cheaper than…
The perennial rivalry between Nigeria’s richest man, Aliko Dangote, and South Africa’s richest, Johann Rupert, over who stays at the top spot of the number one Wealthiest African ranking, resurrected again last week Tuesday, 27 August 2024. According to the Forbes and Bloomberg daily rankings of global wealthiest, Aliko Dangote, the Nigerian billionaire and head…
Dangote Petroleum Refinery has denied claims that it has been reselling shipments of crude oil, contrary to a recent Reuters report that hinted at operational challenges at the facility. The report, published on Thursday, claimed that due to technical problems, the refinery was reselling crude oil from the United States and Nigeria. Sources indicated that…
The Northern Elders Forum (NEF) has warned government officials and other Nigerians against attacking the Dangote Refinery and its Chairman, Aliko Dangote, to desist from such actions. The northern elders issued the warning in a statement signed by Convener Professor Ango Abdullahi. The forum condemned the attempts to demarket the refinery, which NEF said is…
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has cautioned Nigerians against over-dependence on products from the Dangote refinery. Ahmed highlighted concerns over the consistency and standardisation of the refinery’s output, stating that the quality of its products was inferior compared to the imported quality products. He addressed…
Dangote Petroleum Refinery on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980 per litre respectively. This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago. The price change of N940 applies to customers buying five million litres…
The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has said that his friend Femi Otedola, is welcome to take over Dangote Cement. Dangote stated this on Friday at the Dangote Cement customers appreciation event in Lagos. Introducing some dignitaries, Dangote urged everyone to welcome Otedola, who is the company’s newest shareholder. He…
rica’s richest man, Aliko Dangote has announced that fuel from his $19 billion refinery complex will soon be available across Nigeria and the world. Dangote disclosed this in an interview with Bloomberg in Riyadh on the sidelines of the Saudi-Nigeria business roundtable. He further stated that the refinery’s delay in production to a desire to…
