Dangote Oil Refinery secures exclusive deal as sole jet fuel supplier for Nigerian airlines
Dangote Oil Refinery secures an exclusive deal to supply jet fuel to all Nigerian airlines, stabilizing the aviation sector and marking a major step toward energy self-sufficiency.
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Oando blames a $450 million revenue fall on Dangote’s $20 billion refinery as it shifts focus to crude and gas trading.
Africa’s richest man Aliko Dangote seeks $5 billion to expand Lagos refinery
Dangote seeks $5 billion to expand Lagos refinery, aiming to double output and boost Nigeria’s energy independence.
Dangote to expand refinery to 1.4 million barrels a day, eyes $55 billion in annual revenue
Aliko Dangote plans to double the capacity of his Lagos refinery to 1.4 million barrels a day, aiming to make it a global refining leader. The billionaire also reaffirmed plans to list shares on the NGX and promised steady fuel supply during the festive season.
Dangote’s refinery IPO could make him Africa’s first $100 billion man
Nigeria’s richest man is preparing to list a slice of his refinery, and if the market agrees with his valuation, it could send his net worth soaring to levels few in the world have reached.
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Johann Rupert, South Africa’s richest man, loses nearly $1 billion in two weeks
Johann Rupert’s net worth falls nearly $1 billion as Richemont shares drop after EU fines on Chloé and other luxury brands.
Kenyan banker James Mwangi-led Equity Group nine-month profit rises to $420 million
The solid performance reinforces the lender’s position among Africa’s most profitable financial services groups.
Nigerian billionaire Indimi bets $315 million on new offshore vessel to lift oil output
Nigerian billionaire Muhammadu Indimi has launched a $315 million FPSO to unlock fresh oil from the Okwok field and boost the country’s output.
Aliko Dangote eyes $1 billion Zimbabwe bet in cement and power
Aliko Dangote will visit Zimbabwe to close in on a $1 billion industrial complex spanning cement, coal and power after months of talks.