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.
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Dangote's move is seen as part of a broader leadership transition.
Dangote’s $19 billion refinery uses Angola’s tankers as Nigeria’s stalled shipping sector misses out on $400 million annual freight 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.
Dangote's refinery nears 700,000-barrel daily capacity with U.S. crude imports and RFCC unit upgrade at 85 percent efficiency.
Dangote's net worth jumped $414 million in a day as investors poured into cement and sugar stocks on the Nigerian Exchange.
That staggering imbalance is at the heart of a new Oxfam report that lays bare the depth of inequality spreading across the continent.
This infrastructure will enhance logistics for Dangote’s fertilizer and oil refinery operations, including planned exports of liquefied natural gas (LNG).
Africa’s largest refinery eyes 100% local sourcing, boosts fuel self-sufficiency and cuts costly imports.
Dangote eyes expansion of $3 billion fertilizer plant to reduce Africa’s imports and boost local food production in 40 months.
Black billionaires near $100 billionaire net worth as AI, energy, and finance drive gains; Dangote and Karp lead the July 2025 ranking.
The refinery is deploying 4,000 CNG-powered trucks nationwide to deliver petrol, diesel, and aviation fuel directly to filling stations and industrial hubs.
The fertilizer plant, spread across 500 hectares in Ibeju Lekki, Lagos, is already the largest of its kind in Africa.
A 90,000-metric-ton cargo of gasoline is scheduled to leave the refinery for Asia, marking the first time fuel from the Lagos-based facility will be sold outside the region.
It is ready to deploy 4,000 new Compressed Natural Gas (CNG)-powered tankers to enhance last-mile delivery and fuel accessibility across Nigeria.
As part of the latest phase, Tetracore installed a mobile AutoGas refueling unit at Dangote Cement’s Ibese Plant in Ogun State.
When asked about the possible listings of his refinery or other Dangote Group businesses, Dangote said, “Yes, definitely."