The president of the Dangote Group, Alhaji Aliko Dangote, has said that Nigeria’s state-owned refineries, located in Port Harcourt, Warri, and Kaduna, may never operate properly again despite about $18 billion invested in their rehabilitation. Alhaji Dangote disclosed this while hosting members of the Global CEO Africa, who visited the Dangote Petroleum Refinery yesterday. He…
President Bola Tinubu on Thursday praised some of Nigeria’s top industrialists, describing them as “wise men”. The president made the remark during the commissioning of the access road to the Lekki Deep Sea Port in Lagos, lauding the project as “a great phenomenon of our time”. “I landed here with four wise men: Jim Ovia…
Aliko Dangote, president and chief executive officer (CEO) of Dangote Group, has been appointed to the World Bank’s Private Sector Investment Lab. The appointment places Dangote among a select group of global business leaders tasked with driving investment and job creation in emerging economies. The World Bank announced Dangote’s appointment on Wednesday as part of…
Nigeria’s wealthiest businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola, have emerged as the only Nigerians on the 2025 ‘Africa’s Billionaires List’ compiled by Forbes, which was released on Saturday. Once again, Dangote topped the list for the 14th consecutive year, with an estimated net worth of $23.9 billion, up from $13.9 billion…
A fierce war of words has erupted between former Ogun State Governor Senator Ibikunle Amosun and Africa’s richest man, Alhaji Aliko Dangote, over allegations that the ex-governor twice demolished the billionaire’s cement factory structures in Itori, Ogun State. Reacting to Dangote’s claims during his visit to the current governor, Prince Dapo Abiodun, Amosun has thrown…
Aliko Dangote, the President of the Dangote Group, has accused former Governor of Ogun State, Senator Ibikunle Amosun, of demolishing his cement plant twice during his administration. Dangote made the allegation during his meeting with the state governor, Prince Dapo Abiodun on Monday, March 17, 2025. A statement by the Ogun State Government stated that…
Prominent human rights lawyer and senior advocate, Femi Falana, has revealed why former President Umaru Yar’Adua cancelled the sale of the Port Harcourt refinery to a consortium led by Dangote Oil. Falana described the reversal as a critical step to address the legal and ethical breaches surrounding the transaction and to protect Nigeria’s national interest….
Aliko Dangote, Africa’s richest man, has seen his wealth more than double to $28 billion following the long-awaited opening of his Nigerian oil refinery, according to the Bloomberg Billionaires Index. The refinery is the world’s largest single-train facility, capable of processing a broad range of global crude types. It represents a monumental investment for Dangote,…
President and Chief Executive of Dangote Group, Aliko Dangote, has expressed regrets for not buying Premier League Club, Arsenal FC when he had the chance. Dangote made his regrets known in an interview with Bloomberg’s Francine Lacqua in New York. He recounted that in 2020, he made known his intention to go for the North…
Recent documents have revealed that Sayyu Dantata, the half-brother of billionaire Aliko Dangote, is among the marketers importing fuel into Nigeria from Malta. Dantata, who owns MRS Oil & Gas Co. Limited, has been implicated in the ongoing controversy surrounding fuel imports from the European country. The revelations come after similar findings about Matrix Energy…