Africa’s richest man Aliko Dangote loses $549 million overnight
Aliko Dangote’s net worth drops $549 million as Dangote Cement shares fall nearly 10 percent, reducing his stake to $4.96 billion.
Aliko Dangote
Africa’s richest man Aliko Dangote’s refinery lowers petrol prices across Nigeria
Dangote refinery cuts petrol price to $0.534 per liter, boosting Nigeria’s energy independence and processing 500,000 barrels daily.
Aliko Dangote’s $20 billion refinery deploys 4,000 CNG trucks in Nigeria
The CNG-powered fleet, imported through Lagos’ Apapa Port, will support the refinery’s fuel delivery program set to launch on August 15.
Afreximbank backs $4 billion refinancing loan for Aliko Dangote’s refinery
The deal forms part of a broader $4 billion syndicated loan package aimed at refinancing earlier capital costs tied to the construction of the $20 billion refinery.
Aliko Dangote set to become first African with $30 billion fortune
Dangote nears $30 billion fortune as rising cement and sugar shares add $1.23 billion to his wealth in 2025.
British executive David Bird named CEO of Aliko Dangote’s $20 billion refinery
David Bird takes over $20 billion Dangote refinery as output rises and plans for public listing take shape in Nigeria.
Africa’s richest man, Aliko Dangote, nears $29 billion fortune as refinery listing looms
Dangote nears $29 billion net worth with refinery listing plans and strong gains in cement, sugar, and energy.
Aliko Dangote’s cement business hauls in $1.35 billion in six months
Dangote Cement posts $1.35 billion H1 revenue, profit surges 174% as pricing strategy and strong Nigerian market drive top-line and bottom-line growth.
Africa's richest man Aliko Dangote steps down as chairman of cement company
Dangote's move is seen as part of a broader leadership transition.
Aliko Dangote turns to Angola tankers as Nigeria misses out on $400 million shipping revenue
Dangote’s $19 billion refinery uses Angola’s tankers as Nigeria’s stalled shipping sector misses out on $400 million annual freight revenue.
Aliko Dangote’s sugar business posts $281 million half-year revenue
Dangote Sugar’s H1 2025 revenue surged 45.53% to $281.7 million, driven by strong 50kg bag sales and demand growth across all key Nigerian regions.
Africa’s richest man Aliko Dangote plans refinery expansion to 700,000 barrels a day
Dangote's refinery nears 700,000-barrel daily capacity with U.S. crude imports and RFCC unit upgrade at 85 percent efficiency.
Africa’s richest man, Aliko Dangote, gains $414 million in 24 hours
Dangote's net worth jumped $414 million in a day as investors poured into cement and sugar stocks on the Nigerian Exchange.
Africa’s richest 5 percent control $4 trillion, twice the rest of the continent
That staggering imbalance is at the heart of a new Oxfam report that lays bare the depth of inequality spreading across the continent.
Africa's richest man, Aliko Dangote, plans Nigeria’s biggest seaport
This infrastructure will enhance logistics for Dangote’s fertilizer and oil refinery operations, including planned exports of liquefied natural gas (LNG).
Aliko Dangote's $20 billion refinery to process all Nigerian crude by year-end
Africa’s largest refinery eyes 100% local sourcing, boosts fuel self-sufficiency and cuts costly imports.