Aliko Dangote - Daily News on African Billionaires and UHNWIs

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.

, and Mfonobong Nsehe

October 26, 2025

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West & Central Africa

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.

, and Mfonobong Nsehe

October 23, 2025

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West & Central Africa

Africa's richest man Aliko Dangote's refinery sends first petrol cargo to U.S.

Dangote’s $20 billion refinery sent its first gasoline cargo to the U.S., marking Nigeria’s debut as a direct fuel exporter to America.

, and Feyisayo Ajayi

September 3, 2025

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