Africa's richest man Aliko Dangote turns to exports as Nigeria's petrol imports triple
Nigeria's gasoline imports tripled in June as Aliko Dangote's refinery cut domestic supply to sell abroad and earn the dollars it needs to buy crude.
Dangote Refinery
Africa's richest man Aliko Dangote's refinery runs at half capacity as exports fall
Aliko Dangote's refinery is operating at roughly half throughput after an equipment fault, pushing product exports to their lowest level in three months.
Africa's richest man raises $2.5 billion in private placement before landmark refinery IPO
Aliko Dangote has raised $2.5 billion in a private placement ahead of his Nigerian refinery's IPO, set to become the largest in African history.
Africa's richest man picks Lamu for $17 billion Kenya refinery as engineering work begins
Aliko Dangote has selected Lamu for a $17 billion, 700,000-barrel-a-day refinery, with soil tests and engineering work already under way.
Aliko Dangote's refinery overtakes the US as Europe's top jet fuel supplier
Aliko Dangote's refinery shipped about 466,000 tonnes of jet fuel to Europe in June, overtaking the United States as the region's top supplier.
Congo's national oil company is in talks with Aliko Dangote to secure refined fuel supply from his Lagos refinery
The Republic of Congo's national oil company has begun talks with Aliko Dangote's Lagos refinery on a strategic partnership to secure refined petroleum products.
Dangote Refinery imports first UAE crude cargoes from Middle East
Dangote Petroleum Refinery has purchased its first two UAE crude oil cargoes, marking a historic shift in the refinery's feedstock sourcing strategy amid persistent Nigerian crude supply constraints.
Africa's richest man signs massive equipment deal with China's XCMG to double his refinery's capacity by 2029
Aliko Dangote has signed a major equipment deal with Chinese machinery manufacturer XCMG to double the Dangote Petroleum Refinery's capacity to 1.3 million barrels per day by 2029.
Nigeria's SEC bans unauthorized Dangote Refinery IPO marketing
Nigeria's SEC has banned marketing of a purported Dangote Petroleum Refinery IPO, warning no application has been filed with or approved by the regulator.
Africa's richest man says Forbes is underestimating his fortune. His refinery alone, he says, is worth $40 billion.
Aliko Dangote has pushed back on Forbes' estimate of his net worth, saying his oil refinery alone is worth more than $40 billion.
Dangote Refinery is ramping up Nigerian crude purchases as the Iran war disrupts global oil markets
Dangote Refinery is ramping up purchases of Nigerian crude as the Iran war reduces overseas demand for West African grades and lifts Nigerian crude premiums.
Dangote Refinery raises $1 billion at $39 billion valuation ahead of IPO
Dangote Petroleum Refinery is raising $1 billion through a private placement at a $39.1 billion valuation with demand already exceeding $2 billion ahead of its pan-African IPO.
Africa's largest bank Standard Bank takes leading role in Dangote refinery IPO
Standard Bank CEO Sim Tshabalala has pledged leading-role support for the Dangote refinery IPO and future expansion after touring the Lagos facility with senior executives.
Africa's richest man's refinery ramps up to 700,000 barrels a day
Dangote Petroleum Refinery has exceeded its nameplate capacity for the first time, processing 700,000 barrels per day in an official test by its process licensors.
Africa's richest man Aliko Dangote is now the world's biggest jet fuel exporter
Aliko Dangote's 650,000 barrel-per-day refinery became the world's single largest jet fuel exporter in April, capitalising on Middle East supply disruptions to reshape global energy trade.
Aliko Dangote says the oil mafia tried to kill his refinery. He built it anyway with 67,000 workers during a pandemic
Aliko Dangote has revealed that an oil mafia blocked his $20 billion refinery for five years, tried to push it into loan default during COVID, and mobilized 67,000 workers to build what Africa had never seen before.