Billionaire Aliko Dangote goes to China to build a shipping fleet from scratch
Dangote Group will order vessels from Chinese shipyards, with first deliveries as early as 2029, as refinery expansion drives cargo demand.
Aliko Dangote
Dangote refinery secures 16 million barrels for October
Dangote refinery has secured at least 16 million barrels of Nigerian crude for October, roughly 520,000 barrels a day. Feedstock supply is the question facing investors when the $1.55 billion offer opens on Monday.
Aliko Dangote's sugar unit adds 67% more shares in $356 million raise
Dangote Sugar's share count has risen by two-thirds after 8.1 billion new shares from its rights issue were listed in Lagos. The N485.9 billion raised was meant to cut debt that stood at more than four times equity, but the proof will not appear until the next quarterly accounts.
Billionaire Aliko Dangote wins court order keeping Nigeria's oil regulator out of his refinery
A Lagos court has extended an order barring Nigeria's petroleum regulator from Dangote's refinery, four days before its share offer opens.
Africa's richest man Aliko Dangote is worth $54 billion after refinery filing reveals 87% stake
A new prospectus shows Aliko Dangote holds 87.27% of his oil refinery, putting the fortune of Africa's richest man at $54 billion.
Aliko Dangote's refinery made $1.82 billion net profit in H1
Dangote Petroleum Refinery reported $1.82 billion of net income and $2.60 billion of EBITDA in the first half of 2026, ahead of its IPO.
Aliko Dangote and investment banks sign Africa's biggest IPO, minimum subscription set at $3.97
Aliko Dangote signed IPO documents in Lagos on Monday. The offer runs Sept. 14 to Oct. 13, selling 4.1 billion shares at N525 each.
FirstHoldCo and Dangote Cement, controlled by Forbes-ranked billionaires, join the FTSE Frontier 50
FirstHoldCo and Dangote Cement join the FTSE Frontier 50, a far more selective index than the broader series 10 Nigerian firms entered.
Aliko Dangote's refinery is exporting less ship fuel as marine prices jump 76%
Marine fuel has risen 76% since the Iran war began. Aliko Dangote's refinery is exporting less of it and more diesel, petrol and jet fuel, which pay better. Africa imports most of what it consumes by sea.
Aliko Dangote's oil company hires three rigs to unlock 1.6 billion barrels
West African Exploration and Production, 85% owned by Dangote, has contracted three jack-up rigs to begin drilling OML 71 and 72 in December.
Dangote refinery IPO priced at N525 a share, valuing it at $47 billion
Nigeria's SEC approved the Dangote refinery IPO at 525 naira a share. The 4.1 billion share offer opens Sept. 14 and could raise $1.55 billion.
6 Nigerian billionaires have companies joining the FTSE frontier index this month
Ten Nigerian stocks join FTSE Russell's frontier index on Sept. 21, including companies part-owned by Aliko Dangote, Femi Otedola and Victor Odili.
Aliko Dangote says his $5 billion refinery IPO opens within twelve days
Aliko Dangote told investors in Botswana that the refinery's IPO opens within 12 days, seeking about $5 billion in what would be Africa's largest.
Dangote Cement, Nestlé Nigeria and First HoldCo are joining the FTSE frontier index
FTSE Russell named 10 Nigerian stocks newly eligible for its frontier index series, including Dangote Cement, First HoldCo and MTN Nigeria.
Botswana wants Aliko Dangote to build its cement, and its rail line, and more
President Duma Boko told Aliko Dangote in Gaborone that Botswana wants big-ticket projects, and pointed to a Trans-Kalahari rail line starting soon.
Aliko Dangote's stake in Nigeria's Jaiz Bank is worth $18.2 million
Dangote Industries holds 3.05 billion Jaiz Bank shares, 6.85% of Nigeria's pioneer non-interest lender, worth N25.34 billion at current prices.