Aliko Dangote rejects NNPC bid to raise its stake in 20-billion-dollar Lekki refinery
Aliko Dangote has turned down NNPC's bid to lift its 7.25% stake in his $20 billion Lekki refinery, planning a public listing instead.
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Aliko Dangote has turned down NNPC's bid to lift its 7.25% stake in his $20 billion Lekki refinery, planning a public listing instead.
Nigeria exported 55.39 million barrels of crude in January and February while Aliko Dangote's 650,000-barrel-a-day refinery scrambled to close a feedstock shortfall.
Aliko Dangote has appointed three financial advisers for a pan-African IPO of Dangote Petroleum Refinery, targeting listings across multiple African exchanges.
Aliko Dangote turns 69 today commanding a $32.5 billion fortune, Africa's largest cement producer and a refinery operating at 650,000 barrels per day.
Afreximbank has underwritten $2.5 billion of a $4 billion loan for Dangote's refinery, marking the pan-African lender's biggest single industrial commitment.
Dangote refinery loads 43 million liters of petrol, denies shutdown, and assures steady supply amid price fluctuations.
Aliko Dangote’s refinery lowers petrol price by 5.6 percent, easing costs for motorists ahead of the holidays.
Dangote refinery lifts output above demand and pledges stable petrol and diesel prices across Nigeria.
Dangote refinery prepares 310 million liters of petrol for loading amid soaring fuel prices in Nigeria.
Aliko Dangote’s refinery signs two-year crude deal with NNPC to boost domestic fuel supply through 2027.
Aliko Dangote’s $20 billion refinery halts self-collection sales, shifts marketers to free delivery scheme to streamline fuel supply.
Dangote’s $20 billion Nigerian refinery has shut its gasoline unit for two weeks after technical faults, disrupting output and tightening markets.
Dangote’s $20 billion refinery sent its first gasoline cargo to the U.S., marking Nigeria’s debut as a direct fuel exporter to America.
Dangote refinery cuts petrol price to $0.534 per liter, boosting Nigeria’s energy independence and processing 500,000 barrels daily.
The CNG-powered fleet, imported through Lagos’ Apapa Port, will support the refinery’s fuel delivery program set to launch on August 15.
Dangote’s $19 billion refinery uses Angola’s tankers as Nigeria’s stalled shipping sector misses out on $400 million annual freight revenue.