Aliko Dangote's refinery takes control of Nigeria's $10.3B fuel market as government suspends petrol imports
Nigeria suspended petrol import licences for a second straight month, handing Dangote Refinery control of 92% of the country's fuel supply
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Nigeria suspended petrol import licences for a second straight month, handing Dangote Refinery control of 92% of the country's fuel supply
Elon Musk became the wealthiest person ever recorded as global billionaire wealth surged to $20.1 trillion, with Africa's Aliko Dangote holding firm at 86th.
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Dangote Refinery says Nigeria will come first on fuel supply, but warned that prices could keep rising as the Middle East war rattles global energy markets.
Orders are piling up at Dangote Fertiliser as the Iran conflict chokes global supply routes, turning Africa's largest urea plant into a lifeline.
Forbes has released its 2026 Africa billionaires list. The continent's 23 members of the three-comma club added $20.3 billion collectively in a year.
Aliko Dangote's 650,000-barrel refinery absorbed over half of a global crude price surge, shielding Nigeria from the full force of the oil shock.
Brent past $109, margins collapsing, a third price hike looming, and an IPO that could redefine African capital markets — inside the forces reshaping Dangote’s $32.5 billion empire in real time.
Africa's richest man pledged $5 million at a Dubai charity auction raising Dh91.4 million to rescue five million children from hunger.
Dangote Cement has sold 10% of its Senegal subsidiary to the government in Dakar as revenues at the plant fell 21% in 2025.
Dangote Sugar slashed its losses by 73% in 2025 as revenue surged to N665.6 billion, signaling the worst of Nigeria's currency crisis may be easing.
Aliko Dangote is quietly building a 1,100km offshore gas pipeline network to move Niger Delta gas to Nigeria's industries and export hubs.
Dangote refinery has issued tenders to sell 84,000 tons of jet fuel and gasoil in March, marking a new chapter in its export push.
Dangote Cement has signed a $1 billion deal with China's Sinoma Engineering to expand production across seven African countries and hit 80 million tonnes by 2030.
Aliko Dangote says his $650,000-barrel-a-day refinery is just the start. Steel, power and ports are next on the Africa's richest man's list.
Dangote Cement signs a $1bn Sinoma deal to expand plants, boost capacity and strengthen its footprint across Africa.