Aliko Dangote has announced an increase in the Dangote Group’s investment in Ethiopia from $2.5 billion to over $4 billion, signaling a major expansion of the company’s industrial footprint in East Africa. According to a statement issued by the company, Dangote was warmly received in Gode, Ethiopia, by Abiy Ahmed during a visit to inspect…
The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, has criticised the Nigerian National Petroleum Company Limited (NNPC) for attempting to expand its stake in the Dangote Petroleum Refinery while government-owned refineries remain dormant. Ukadike reacted after the President of the Dangote Group, Aliko Dangote, revealed that the refinery…
Billionaire industrialist Aliko Dangote is reportedly targeting a $50 billion valuation for his refinery business ahead of a planned initial public offering (IPO) on the Nigerian stock market later this year. According to reports, the company plans to sell up to a 10% stake in the business, which could raise around $5 billion in what…
The Trade Union Congress (TUC) has urged the Federal Government to introduce a “production subsidy” for the Dangote Refinery and modular refineries as part of efforts to reduce the soaring cost of petrol across Nigeria. TUC President, Festus Osifo, made the proposal during an appearance on Channels Television’s Politics Today, arguing that the government should channel…
President and CEO of Dangote Industries, Aliko Dangote, has cautioned that the rapid rise of Artificial Intelligence could significantly disrupt traditional engineering practices, potentially replacing roles long performed by human engineers. He made this known during his induction as an Honorary Fellow of the Nigerian Academy of Engineering in Lagos, where he urged professionals to take a proactive role in…
Africa’s richest man, Aliko Dangote, has unveiled plans to establish a 650,000 barrels-per-day refinery in East Africa, similar in scale to his flagship facility in Nigeria, as part of efforts to expand industrial capacity across the continent. He made the announcement at a high-level summit in Nairobi attended by key African leaders, including William Rutoand Yoweri Museveni, where…
Industrialist and philanthropist Aliko Dangote has been named among TIME Magazine’s 100 Most Influential People in the World for 2026, marking his second appearance on the prestigious list after his first recognition in 2014. Dangote joins a lineup of global power players across politics, business, and technology, including Donald Trump, Xi Jinping, Benjamin Netanyahu, Mark Carney, Pope Leo XIV, Sundar Pichai, and Neal Mohan. Published on…
The Chief Executive Officer of Dangote Refinery and Petrochemical, David Bird, has revealed that the $20 billion facility is scaling up its storage, logistics, and maritime infrastructure to support growing operations. He explained that the refinery’s coastal location and deep-sea access were strategically chosen to facilitate efficient import and export activities. According to Bird, the…
Aliko Dangote, Chairman of the Dangote Group, has projected a significant strengthening of the naira, suggesting it could reach N1,100 to $1 this year. Speaking at the launch of the Nigeria Industrial Policy in Abuja, an event attended by Vice President Kashim Shettima and other dignitaries, Dangote highlighted government reforms and import restrictions as key…
The Dangote Petroleum Refinery has reaffirmed its capability to supply significantly more fuel than Nigeria’s estimated daily domestic consumption. In a statement released on Thursday evening, the refinery confirmed it can deliver 75 million litres of Premium Motor Spirit (petrol) per day, far surpassing Nigeria’s estimated consumption of 50 million litres daily. In addition to…
