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Dangote

Misinformation Clarified: Aliko Dangote University Mourns Student’s Untimely Passing

Tragedy struck the Aliko Dangote University of Science and Technology, Wudil, Kano State, with the untimely demise of Aishat Yahaya Olabisi, a dedicated 300-level student majoring in Food and Science Technology, found lifeless in her off-campus accommodation. The heartbreaking incident…

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…

News

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…

Feature

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 –…

Feature

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,…

Economy

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…

Economy

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…

News

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…

News

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…

News

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…