Aliko Dangote's Dangote Group vows refinery expansion despite tariff delay
Aliko Dangote’s Group presses ahead with refinery expansion to 1.4 million barrels per day despite tariff delay.
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Aliko Dangote’s Group presses ahead with refinery expansion to 1.4 million barrels per day despite tariff delay.
Africa’s richest man Aliko Dangote plans a 10% listing of his $20 billion refinery on the Nigerian Exchange to expand investor participation.
Africa’s richest man, Aliko Dangote, sees his fortune rise to $29.7 billion after strong gains in cement and oil assets.
Aliko Dangote meets Senegal’s President Faye in Dakar to discuss new investments after launching a $2.5 billion fertilizer plant in Ethiopia.
Dangote said the next phase of the company’s plan is the adoption of electric trucks, beginning early next year.
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.
Dangote Sugar expands into Ghana with a $162 million project to reduce imports, boost agro-industrial output, and support local supply under AfCFTA.
Aliko Dangote plans to build Nigeria’s largest seaport at the Olokola Free Trade Zone and resume work on a delayed 6-million-ton cement plant in Ogun.
Despite revenue gains, net profit fell 18.64% to N8.96 billion ($5.45 million) due to rising costs.
The move aligns with President Bola Tinubu’s push to make gas central to Nigeria’s low-carbon economy.
Nigeria's largest refinery aligns with new fuel policies amid ongoing imports.
The move comes as Dangote, 67, continues to expand his industrial empire, which includes cement, sugar, fertilizer, and a newly operational $20-billion oil refinery in Lagos.
Dangote, whose net worth stands at $15 billion, highlighted the pivotal role of recent restructuring efforts and strategic leadership appointments within the conglomerate.