Dangote Slashes Diesel Price to N1000 per Litre
Dangote Petroleum Refinery has made headlines by announcing a substantial reduction in the price of diesel, dropping it from N1200 to N1000 per litre. This move follows a previous reduction, as the refinery had supplied diesel at N1200 per litre…
Reps To Summon Dangote, BUA, Others Over Rising Cement Prices
The House of Representatives has mandated its Committees on Solid Minerals Development, Commerce, Industry and Special Duties to investigate the arbitrary increase in the price of cement by manufacturers in the country like Dangote Cement and BUA Cement. This followed…
Full list: Forbes 2024 top 20 African billionaires
Below is the list of the top 20 richest billionaires in Africa 1. Aliko Dangote – $13.9 billion2. Johann Rupert & family – $10.1 billion3. Nicky Oppenheimer & family – $9.4 billion4. Nassef Sawiris – $8.7 billion5. Mike Adenuga –…
Dangote regains first place as Africa’s richest man in Forbes billionaire list
President of Dangote Group, Aliko Dangote has regained his position as the richest person in Africa with a net worth of $13.9bn, in the 2024 Forbes list of 20 of Africa’s richest billionaires released yesterday. A South African business mogul,…
Dangote refinery registers 75% of oil marketers for product distribution
Dangote Refinery has officially registered three major oil marketers accounting for approximately 75% of the overall market, to handle the distribution of its refined products. The Dangote Group, in a statement on Tuesday, disclosed the marketers include the Petroleum Products…
Marketers will pay naira for Dangote fuel, says IPMAN
Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated…
JUST IN: Otedola explains why he is buying Dangote Cement shares
Nigeria’s billionaire investor Femi Otedola has issued an official statement giving reasons for his recent acquisition of shares in Dangote Cement, one of Nigeria’s largest companies. In a press release seen by Nairametrics, the prominent entrepreneur and investor emphasized the…
Dangote Refinery commences production
The Dangote Petroleum Refinery has finally commenced production. The largest single-train refinery in the world began production in the early hours of Friday, a source told TheCable. The development comes days after the refinery received its sixth one million barrels…
Otedola rejoins billionaires list, now Nigeria’s fourth richest person
The number of Nigerian billionaires on the Forbes list has increased to four after the wealth-tracker included Femi Otedola, the chairman of Geregu Power. According to the Forbes Billionaire Index sighted on Thursday, Otedola, who fell below the billion-dollar mark…
Dangote Opens Up On Forex Allocations, Says EFCC’s Visit Embarrassing
Dangote Industries Limited has opened up on the last week visit by officials of the Economic and Financial Crimes Commission (EFCC) to its headquarters in Lagos, describing it as embarrassing. While pledging it was ready to assist the Commission in…