Africa's richest man says fuel import licences are squeezing his Nigerian refinery
Dangote Refinery says imported petrol took 43% of Nigeria's market in July and that licences are still being issued despite ample local capacity.
Dangote Refinery
Aliko Dangote's refinery turned Nigeria from a fuel importer into an exporter to Europe
The US Energy Information Administration says Nigeria's seaborne petroleum product exports have grown seven-fold since 2023, driven entirely by output from Aliko Dangote's Lagos refinery.
President Paul Kagame says Rwanda wants a stake in Dangote's $16 billion Kenyan refinery
Rwanda's President Paul Kagame has confirmed his country is in early talks about taking a stake in Aliko Dangote's planned $16 billion Lamu oil refinery, saying Rwanda would be "very happy" to participate.
Aliko Dangote is $5 billion richer since the Iran war closed the Strait of Hormuz
Aliko Dangote's Lagos refinery has become Europe's largest supplier of jet fuel and diesel since Iran closed the Strait of Hormuz.
Nigerian billionaire Aliko Dangote's refinery secures $1 billion backing ahead of planned IPO
Aliko Dangote's petroleum refinery has completed a $1 billion underwriting program, including a funded $600 million private placement, ahead of its planned initial public offering.
Africa Finance Corporation takes equity in Aliko Dangote's refinery after recovering its $300 million loan
Africa Finance Corporation has taken equity in Aliko Dangote's oil refinery through its $2.5 billion placement, months after the refinery repaid a $300 million loan.
Aliko Dangote says acquisitions come next as Goldman Sachs tours his $40 billion refinery
Goldman Sachs International's co-chief executive toured the Lekki refinery on Wednesday, where Aliko Dangote said his next phase will include acquisitions and new investments.
Aliko Dangote plans $17 billion refinery on Kenya's Lamu Island to end East Africa's fuel imports
Africa's richest man Aliko Dangote has selected Kenya's Lamu Island as the site for a $17 billion refinery that would transform East Africa's fuel supply.
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.
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.