Tag: Dangote
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Dangote Foundation To Give Free Refinery Shares To 778,000 Women In 15 States
By Paul Joseph The Aliko Dangote Foundation (ADF) is set to provide free shares in Dangote Petroleum Refinery and Petrochemicals to 777,907 vulnerable women across 15 states, in a move aimed at expanding financial inclusion and creating opportunities for long-term wealth generation. The initiative, known as the Women Share Subscription Grant Initiative, will provide beneficiaries…
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VDM Faces Backlash Over 2007 Dangote Flour Mills Investment
By Opeyemi Adelakun Social media influencer Martins Vincent Otse, popularly known as VeryDarkMan, has attracted criticism on X after sharing documents relating to an individual who reportedly invested ₦18,000 in Dangote Flour Mills shares in 2007. VeryDarkMan posted documents which he said showed that the investor purchased 1,200 shares at ₦15 each. He also shared…
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Dangote Unveils $660m Ethiopia-Djibouti Pipeline Project, Targets Jobs and Energy Security
By George Omagbemi Nigerian industrialist Aliko Dangote has unveiled a major $660 million petroleum infrastructure project designed to connect Ethiopia with Djibouti’s coast, as part of efforts to improve energy security, reduce transportation costs and strengthen regional trade. Dangote spoke on Thursday, September 24, 2026, in Djibouti, during the groundbreaking ceremony for a petroleum-products storage…
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Dangote Adds 4,000 Machines As Refinery Expansion Targets 1.4m Bpd
By Opeyemi Adelakun Dangote Industries Limited has acquired an additional 4,000 pieces of construction equipment as part of plans to expand its Lekki refinery in Lagos to a capacity of 1.4 million barrels per day. The acquisition brings the company’s construction equipment fleet to about 6,500 machines, according to the Group Vice President, Oil and…
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Fire Guts Dangote University Facility in Kano, FFS Saves Property Worth ₦680 Million
By George Omagbemi The Federal Fire Service (FFS) has successfully contained a fire outbreak at the Aliko Dangote University of Science and Technology (ADUSTECH), Wudil, Kano State, saving property estimated at about ₦680 million. The incident occurred on Wednesday, September 16, 2026, at the university’s Architecture Department, where files and other materials were reportedly kept.…
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Petrol Hits ₦1,400 as Dangote Explains Why Nigerians Are Still Paying More
By George Omagbemi Petrol prices have climbed to around ₦1,400 per litre in some locations, leaving many Nigerians asking a simple question: Why is fuel still expensive when Nigeria now has a major local refinery? Dangote Industries President Aliko Dangote has offered his explanation, pointing to the wide price gap between Nigeria and neighbouring countries…
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Dangote’s Wealth Hits $51.3bn After 63% One-Day Surge Following IPO Launch
By Gloria Drealomalicha Africa’s richest man, Aliko Dangote, has seen his net worth surge by $19.9 billion in a single day, taking his fortune to $51.3 billion, according to Forbes’ Real-Time Billionaires List. Dangote, founder of the Dangote Group and president of Dangote Refinery, was valued at $31.4 billion on Sunday. By Monday, his net…
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I Bought My First Private Jet At 22-Dangote Reveals
By Paul Joseph Africa’s richest industrialist, Aliko Dangote, has revealed that he bought his first private jet at the age of 22 and a half, reflecting on the rapid growth of his business career. Dangote disclosed this on Monday in Lagos during the formal launch of the Initial Public Offering (IPO) of Dangote Petroleum Refinery…
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Dangote IPO Rush Disrupts Bamboo App As Investors Scramble For Shares
By Opeyemi Adelakun The surge of investors seeking to participate in the Dangote Refinery and Petrochemicals FZE public offer has disrupted access to the Bamboo investment app. Some users were reportedly unable to log into the platform on Monday as a sharp increase in traffic overwhelmed the application. Bamboo acknowledged the disruption in a statement…
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Dangote Refinery IPO Opens Today As Africa’s Mega-project Seeks Public Investors
By Opeyemi Adelakun The Dangote Petroleum Refinery is moving into a new phase of its development today as the multibillion-naira industrial project opens its Initial Public Offering to Nigerian, African and other eligible investors. The refinery is offering 4.1 billion new ordinary shares at ₦525 per share, putting the value of the offer at approximately…
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Dangote Predicts Refinery Shares Could Rise To N10,000
By Opeyemi Adelakun President of Dangote Industries Limited, Aliko Dangote, has projected that shares of Dangote Petroleum Refinery could rise from the current offer price of N525 to as much as N10,000 in the future. Dangote also assured small-scale investors seeking to participate in the refinery’s Initial Public Offering that they would receive priority during…
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Dangote Refinery Raises Petrol Gantry Price To N1,350 Per Litre
By Opeyemi Adelakun Dangote Petroleum Refinery has raised the price of Premium Motor Spirit, commonly known as petrol, from N1,265 to N1,350 per litre. The new gantry price took effect on Saturday, September 12, 2026, according to a circular issued to the refinery’s customers by its Group Commercial Operations late on Friday. The latest adjustment…