President of the Dangote Group
South Africa’s billionaire, Johann Rupert, overtakes Dangote as Africa’s richest man
South Africa’s Johann Rupert has displaced the President of the Dangote Group, Aliko Dangote, to become the richest man in Africa. Dangote, who had maintained the top position for several years, saw his wealth drop by $1.7 billion year-to-date in the latest Bloomberg Billionaires Index, on Wednesday as Rupert’s wealth increased by $1.87bn year-to-date. The […]
Crude price hike: Dangote alleges IOCs frustrating refinery
Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, has accused International Oil Companies in Nigeria of plans to frustrate the survival of the new Dangote Oil Refinery and Petrochemicals. Edwin said the IOCs were “deliberately and willfully frustrating” the refinery’s efforts to buy local crude by hiking the cost above the […]