The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has hit back at Dangote Refinery, accusing the company of exploiting Nigerians by selling petrol at N990 per litre to marketers and described the practice as inconsiderate. Joseph Obele, PETROAN’s National Public Relations Officer, in a statement in[Read More…]
FG commences Crude oil sales in naira to Dangote, others October 1 The Federal Government has announced that sales of crude oil to Dangote Refinery and other local refineries will commence October 1, 2024, The Punch reports. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun,[Read More…]
Dangote says petrol price not fixed The Dangote Group has reacted to reports that independent marketers were projecting N600 per litre as price for the petrol produced by the Dangote Refinery. The Dangote Group said in a statement signed by Anthony Chiejina, its group chief branding and communications officer[Read More…]
Dangote accuses NNPC officials, trader’s of secret Malta plants Dangote’s revelation has sparked concerns about the integrity of Nigeria’s fuel supply chain and the role of NNPC officials and traders in perpetuating the importation of substandard fuel. The billionaire businessman revealed this at the House of Representatives on Monday,[Read More…]
Dangote offers to sell refinery to NNPC over ‘monopoly’ allegation Africa’s richest businessman, Aliko Dangote has said he is willing to sell his oil refinery to the Nigerian l Petroleum Company (NNPC) Limited. Dangote disclosed this in an interview with Premium Times on Sunday. The billionaire’s statement[Read More…]
Dangote drops plan to invest in Nigeria’s steel sector President and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote, has announced that the company will abandon its plan to invest in the steel industry. This is coming after facing what appears to be sabotage from the Nigerian[Read More…]
Dangote Group aims to strengthen naira with $30bn revenue target The President of Dangote Group, Aliko Dangote, has said that his businesses’ $30bn revenue target by the end of 2025 will boost the naira. Dangote said this on Sunday during a tour of Dangote Petroleum Refinery & Petrochemicals[Read More…]
Dangote: Nigeria’s economy can be transformed in a few months Aliko Dangote, chairman of the Dangote Industries Limited, on Thursday said Nigeria’s economy can be turned around in a few months. Dangogte stated this while addressing journalists in Abuja after the inauguration of the presidential economic coordination council (PECC). “What[Read More…]
Dangote says $2.4bn borrowed to fund refinery repaid Aliko Dangote, Africa’s richest person, says he has repaid about $2.4 billion of the $5.5 billion borrowed to build his $19 billion refinery. Speaking at the Afreximbank annual meetings (AAN) and AfriCaribbean Trade and Investment Forum in Nassau, The Bahamas, on[Read More…]
Dangote ranks 6th richest in global manufacturing Aliko Dangote has been ranked as the world’s sixth richest person in the manufacturing industry. Dangote whose net worth is put at $14.3 billion is the founder of Dangote Cement, the leading cement producer in Africa, in which owns about 85[Read More…]
