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...
The Dangote Refinery, nestled in the heart of Ibeju-Lekki, Lagos, has officially commenced production. The largest single-train refinery in the world, this state-of-the-art facility has set the stage for a new era of energy self-sufficiency in Africa's most populous nation.
As the sun rose over...
Aliko Dangote, Chairman of the Dangote Group, has responded to the recent visit by the Economic and Financial Crimes Commission (EFCC) to the company's headquarters in Lagos. The EFCC officials sought details of foreign exchange allocations from the Central Bank of Nigeria spanning 2014 to the...
South African tycoon Johann Rupert has claimed the throne as Africa's wealthiest individual, surpassing long-reigning champion Aliko Dangote, according to Forbes Magazine's latest ranking. Rupert, with a staggering net worth of $10.3 billion, leads the pack, signaling a shift in the continent's...
According to the latest Billionaire Ambitions Report, Nigeria has emerged as the leading hub for self-made billionaires in Africa in 2023, showcasing its economic resilience despite ongoing challenges. The report, encompassing Middle East and Africa (MEA) nations, reveals that Nigeria, with its...
The Dangote Oil Refining Company proudly announced the arrival of its inaugural one million barrels of Agbami crude grade, courtesy of the Shell International Trading and Shipping Company Limited (STASCO). Aliko Dangote, Chairman of Dangote Group, shared that the plant is poised to commence...
Dangote Refinery, led by founder Aliko Dangote, has successfully secured its inaugural cargo deal, totaling 6 million barrels, set for delivery as the much-anticipated project gears up for operations at 350,000 barrels per day starting next month. A significant development in Nigeria's energy...
Two Nigerian billionaires, Aliko Dangote and Abdul Samad Rabiu, have reignited their long-standing feud over control of key industries. Dangote, Africa's richest person, owns Dangote Industries Limited, while Rabiu is the founder of BUA Group. Their rivalry spans decades and revolves around...
Two years after a truce brokered by former Kano State Governor Abdullahi Ganduje, Dangote Group's Aliko Dangote and BUA Group's Abdussamad Rabiu have rekindled their rivalry. Despite their initial agreement to work together for the country's growth and development, both organizations are now at...
Aliko Dangote, Africa's richest man and a prominent global business magnate, recently experienced a significant dip in his financial status. After an impressive surge in his net worth between June and September, Dangote's fortunes took a downturn.
Data from the Bloomberg Billionaires Index...
The Royal Islamic Strategic Studies Centre in Amman, Jordan, recently published a list of the 500 most influential Muslims globally. Among the honourees are 15 Nigerians, including President Bola Ahmed Tinubu, the Sultan of Sokoto Muhammadu Sa'ad Abubakar III, and the Emir of Kano Aminu Ado...
For the 12th year consecutively, Aliko Dangote, President of the pan-African Conglomerate, the Dangote Group has emerged the richest man in Africa, despite economic headwinds that affected the fortunes of half of the world's reported billionaires.
Dangote, whose business flagship, Dangote...
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