aliko dangote

Dangote Petroleum Refinery has announced a further reduction in the prices of diesel and aviation fuel. The prices now stand at N940 and N980 per litre, respectively, marking a noteworthy decrease from the previous rates. This decision follows closely on the heels of the refinery's recent...

Africa's wealthiest individual, Aliko Dangote, had set his sights on merging his conglomerate's sugar, salt, and rice businesses into a single entity, aiming to enhance operational efficiency and market consolidation. However, this grand plan has hit a roadblock, casting uncertainty over the...

Aliko Dangote, Nigeria's renowned industrialist, celebrated his birthday amid a flood of warm wishes from citizens across the nation. Praised as the epitome of patriotism, Dangote's entrepreneurial journey has reshaped Nigeria's investment landscape, particularly in challenging sectors like...

Nigeria's Dangote oil refinery commenced supplying petroleum products to the local market, marking a significant stride in the nation's pursuit of energy independence. The refinery, erected for $20 billion by billionaire Aliko Dangote, Africa's richest man, stands as the continent's largest...

Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola emerged as the only Nigerians featured in Forbes' 2024 billionaires list, announced on Tuesday. Despite global inflation and political turmoil, Forbes reported a surge in billionaire numbers, with 2,781 individuals worldwide – a...

In a profoundly moving "Night of Tributes" dedicated to honoring the life and accomplishments of the late Chief Executive Officer of Access Corporation Plc, Herbert Wigwe, a distinguished assembly of corporate magnates, political figures, and business leaders converged to celebrate the enduring...

Aliko Dangote, Nigerian business magnate and founder of the Dangote Group, announced the immortalization of the late Herbert Wigwe by naming a major road leading to the Dangote Refinery after the esteemed banking icon. Dangote shared this heartfelt decision during a tribute event organized by...

Dangote Refinery has increased its stock of imported crude oil from the United States, with a second shipment of US light sweet crude oil en route to Nigeria. According to ship tracking data and traders, the vessel named Otis loaded approximately 850,000 barrels of WTI Midland in Houston...

The Dangote Cement Plc has emerged winner of the 2023 NatureNews Environmental Sustainability Award. The award was conferred on the company Tuesday at the 3rd Anniversary Lecture of NatureNews and Presentation of the Hero of Environmental Actions for Development (HEAD) at the Shehu Musa...

In a crucial meeting held at the Presidential Villa in Abuja, President Bola Tinubu engaged in a strategic dialogue with prominent figures from Nigeria's private sector and state leadership. The summit, attended by business magnates Aliko Dangote, Abdulsamad Rabiu, Tony Elumelu, and governors...

The Federal government, led by Minister of Works David Umahi, is addressing the rising concerns over soaring cement prices by summoning major industry players to an urgent meeting. The meeting, scheduled for Monday at the Federal Ministry of Works, Mabushi-Abuja, aims to examine the issues...

In a recent market survey conducted by DAILY POST, the price of a 50-kilogram bag of cement in the Federal Capital Territory has seen an alarming surge, ranging between N10,000 and N15,000. Various locations such as Gwarimpa, Kubwa, Lugbe, and Dawaki reported Dangote cement priced at N10,000...

Governor Dapo Abiodun, Aliko Dangote, Aigboje Aig-Imokhuede, and others express condolences during a visit to Pastor Shyngle Wigwe and his wife, Mrs. Stella Wigwe, mourning the tragic loss of their children Herbert, Chizoba, and grandson Chizi in a devastating helicopter crash. The gathering...

Ongoing regulatory approval challenges have hindered the Dangote Petrochemical Refinery's plan to introduce aviation fuel (Jet A1) and diesel to the Nigerian market by the end of January, according to recent findings by The PUNCH. Despite commencing petroleum product production in early...

At the Dangote Cement customers appreciation event in Lagos, Aliko Dangote, the President/Chief Executive of Dangote Industries Limited, extended a warm welcome to his billionaire friend, Femi Otedola, expressing openness to Otedola's potential corporate takeover of Dangote Cement. During the...

Dangote Petroleum Refinery has registered key associations, MOMAN, IPMAN, and DAPPMAN, constituting 75% of Nigeria's total market share. This move is a strategic step, aligning with the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Independent Petroleum Marketers...

The fortunes of Africa's wealthiest have experienced a modest rebound in the past 12 months, overcoming a previous decline, as revealed by the 2024 Forbes list of Africa's Richest. The net worth of the top 20 billionaires now stands at a combined $82.4 billion, indicating a $900 million increase...

Billionaire investor Femi Otedola has released a comprehensive statement explaining his recent acquisition of shares in Dangote Cement, one of Nigeria's leading companies. The press release underscores Otedola's strategic approach, emphasizing long-term wealth preservation, export potential, and...

Billionaire tycoon Femi Otedola has acquired shares worth ₦6 billion in Dangote Cement Plc, as revealed by a reliable source. The acquisition adds to Otedola's diverse portfolio, showcasing strategic investments in key sectors. Dangote Cement, currently the largest company in Nigeria by market...

Seven prominent oil marketers in Nigeria have officially registered with the Dangote Petroleum Refinery for the distribution of refined petroleum products from the $20 billion facility. Operating under the Major Oil Marketers Association of Nigeria, these dealers are set to commence...