
Aliko Dangote







TotalEnergies has finalised its initial supply agreement with Nigeria's Dangote Refinery as the refinery plans to become a major supplier in Africa.

Aliko Dangote has announced that starting next month, Nigeria will no longer need to import petrol due to the his refinery's readiness to begin full operation.

The Dangote Refinery is planning to prepare to import crude from the United States as it bids to ramp up production for petrol, diesel and aviation fuel..

The Nigerian government has clarified it won't directly fix fuel prices for Dangote Refinery, aiming to boost local refinery and maintain a competitive market.

House committee has issued a 14-day ultimatum to cement manufacturers to appear before it to explain reasons for the current hike in the price of the product.

BUA firm reported N17bn profit for three months that ended on March 31, indicating a 33% decrease compared to previous report. This followed cement price reduction.

Some unknown gunmen have reportedly abducted and kidnapped an unspecified number of Dangote staff at its cement factory in Okpella Edo, a town near Okene in Kogi.

Nigeria and Africa's richest man, Aliko Dangote, has been ranked number six among the world's richest billionaires in the manufacturing industry.

The reversed fortune of the naira has caused Dangote's net worth to plummet by $2.6 billion in one month after rising to $17.7 billion in April this year.
Aliko Dangote
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