Africa's richest man cuts off petrol supply to importers it accuses of blending its fuel
Aliko Dangote's refinery has stopped selling petrol to Nigerian marketers who import fuel, accusing them of blending its product with lower grades
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Aliko Dangote's refinery has stopped selling petrol to Nigerian marketers who import fuel, accusing them of blending its product with lower grades
Aliko Dangote met Egyptian President Abdel Fattah el-Sisi to discuss investing in Egypt's energy, fertilizer and cement sectors, and asked for state support.
Aliko Dangote says local fuel marketers and international oil companies are behind protests against his $16 billion refinery in Lamu, Kenya.
Kenya is weighing a 10% stake worth about $500 million in Dangote's Lamu refinery, part of a 30% share offered to East African governments.
A 19.7% rally in Dangote Cement lifted Aliko Dangote's listed stakes by $2.31 billion in the third quarter, separate from Forbes' refinery revaluation.
Aliko Dangote is targeting 10 million retail investors for his refinery's $1.6 billion IPO, nearly four times the 2.7 million Nigerians who currently trade shares.
Dangote's refinery ran at 105% of capacity in August, supplying 71% of Nigeria's petrol and cutting diesel imports by more than 80%.
Aliko Dangote and William Ruto broke ground at Lamu on Sept. 30 on a refinery designed to process 700,000 barrels of crude a day by 2029.
Nigerian billionaire Aliko Dangote promises to list his planned East African refinery on the Nairobi bourse, a day before breaking ground in Lamu.
A Malindi judge declined to stop construction of the Lamu refinery
Dangote Group says revenue reached about $17 billion in the first half of 2026 and is on track to double to $36 billion for the year, from $18 billion in 2025.
Dangote Cement will add about 25 million tonnes to reach 80 million tonnes, funded mainly from cash flow and supplier credit, Arvind Pathak said.
Aliko Dangote says the Lamu refinery will include a 1,000-megawatt power plant, with half the electricity available to the Kenyan government.
William Ruto toured Aliko Dangote's Lekki refinery on Sept. 25, five days before breaking ground on a $17 billion Kenyan refinery at Lamu.
Nigeria earned $750 million from petrol exports in the first half of 2026, a sixfold rise that analysts credit to Dangote's refinery and the Iran war.
Nigeria Customs has asked a Lagos court to permanently forfeit three aircraft linked to Sayyu Dantata over N2.31 billion in unpaid import duty.