Nigerian billionaire Femi Otedola will invest $100 million in Dangote Refinery
Nigerian billionaire Femi Otedola announced a $100 million investment in the Dangote refinery during a high-profile executive visit to the Lagos facility on Wednesday.
Dangote Refinery
Africa's richest man hosts billionaire Femi Otedola and First HoldCo executives at his Lekki refinery
Aliko Dangote hosted Femi Otedola and First HoldCo executives at the Dangote Petroleum Refinery in Lekki on Wednesday, with both sides framing the visit as a signal of African industrial alignment.
Dangote Petroleum Refinery recalls 800 engineers after union dispute, issues conditional pardon
Dangote Petroleum Refinery has recalled around 800 engineers previously redeployed following a labour union dispute, granting a conditional pardon.
Aliko Dangote is eyeing Ethiopia's new stock exchange, and his refinery IPO could make history there too
Aliko Dangote is considering listing his refinery on the Ethiopian Securities Exchange as part of a pan-African IPO push that could reshape capital markets across the continent.
Aliko Dangote pledges 95,000 jobs as refinery expansion targets 1.4 million barrels a day
Aliko Dangote has pledged 95,000 skilled jobs as he scales his Lagos refinery to 1.4 million barrels a day, on track to overtake India's Jamnagar.
Aliko Dangote is taking his $40 billion refinery public across Africa and wants every African to own a share
Aliko Dangote is preparing a pan-African IPO for his refinery, valued at up to $50 billion, targeting listings across multiple African exchanges as early as June 2026.
Africa's richest man is pushing his $20 billion refinery into high-margin chemicals, betting on polypropylene and detergent ingredients
Aliko Dangote is expanding his Lagos refinery into high-margin chemicals including polypropylene, fertiliser and detergent ingredients as he targets 1.4 million barrels per day.
Aliko Dangote's refinery is now helping keep European flights in the air as Strait of Hormuz crisis bites
Aliko Dangote's refinery is exporting record volumes of jet fuel to Europe, stepping into a supply crisis triggered by the effective closure of the Strait of Hormuz.
Dangote refinery rushes jet fuel to Europe as IEA warns continent has six weeks of supply left
Aliko Dangote's 650,000-barrel-per-day refinery is becoming a critical source of jet fuel for Europe as the Iran war chokes off traditional Middle Eastern supply routes.
Aliko Dangote's refinery just made Nigeria a net petrol exporter for the first time ever
Aliko Dangote's refinery exported 44,000 barrels of petrol per day in March 2026, making Nigeria a net petrol exporter for the first time in its history.
Aliko Dangote's refinery flags unauthorized IPO reports, tells investors to verify before acting
Dangote Petroleum Refinery warned investors to ignore unverified IPO reports, saying any listing plans would come through official, regulated channels only.
Aliko Dangote targets 1.4 million barrels per day as refinery expansion reshapes Africa's energy future
Aliko Dangote is pushing his Lagos refinery toward 1.4 million barrels per day, a move that could reshape Africa's energy supply.
Aliko Dangote's refinery exports 456,000 tonnes of fuel to Ghana, Togo and three other African nations
Aliko Dangote's refinery has shipped 456,000 tonnes of refined petroleum products to five African countries since reaching full capacity in February.
Dangote Refinery drives $3.74 billion in crude imports into Nigeria as trade patterns shift
Aliko Dangote's refinery drove $3.74 billion in crude imports into Nigeria in 2025, flipping the country's oil trade script entirely.
Aliko Dangote's refinery helps push Nigeria's balance of payments to $4.23bn surplus in 2025
Nigeria swung to a $4.23 billion balance of payments surplus in 2025, powered by Dangote Refinery exports and surging diaspora remittances.
The Economist: Africa's biggest businessman is reshaping the continent
He built Africa's largest refinery. Now he wants to industrialize the entire continent. In a rare interview from his Lagos office, Aliko Dangote — the only African among the world's 100 richest people — talks oil prices, continental ambition, and why he believes no one else will do what he's doing.