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Aliko Dangote
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A new report by Fitch Ratings has disclosed that the Dangote Refinery is seeking to sell a 12.5% stake to raise funds to meet its financial obligations.
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Nigeria's top cement producers, including Dangote, Lafarge, and BUA, have increased sales following recent hikes of bags of cement to between N9,000 and N13,000.
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Olusegun Obasanjo, the former president, has stated that the Dangote Refinery will have difficulties from individuals making money from the petroleum import sector.
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The former president of Nigeria, Olusegun Obasanjo, has said fuel importers would stifle and sabotage the successful operations of the Dangote Refinery.
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Aliko Dangote, Nigeria's richest man, has regained his position as Africa's richest man after momentarily losing it to South Africa's wealthiest man, Johann Rupert.
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Another Nigerian billionaire, Dahiru Mangal, has completed $1.5 billion cement plant in Kogi State and has rolled out the first bag, promising 500 bags daily.
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Recent online reports have reignited the dispute over the sulfur content of diesel, or automobile gas oil, produced by the Dangote Petroleum Refinery.
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According to trading sources and ship tracking data, when the Dangote refinery reaches full capacity, it is anticipated to have a major impact on global oil flows.
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Bloomberg billionaire index has revealed a list of the world's richest men, and Aliko Dangote has lost his position to South African billionaire Johann Rupert.
Aliko Dangote
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