Tag: Dangote
-
FG Moves to Resolve Dangote Dollar Fuel Row as Marketers Suspend Petrol Purchases
By Opeyemi Adelakun The Federal Government has stepped in to avert fresh instability in Nigeria’s downstream petroleum sector as a dispute over the Dangote Petroleum Refinery’s decision to adopt a dollar-based fuel pricing model triggered uncertainty among marketers, resulting in reduced product lifting across the country. The intervention comes amid concerns by independent marketers over…
-
Aiyedatiwa, Dangote revive talks on Olokola Free Trade Zone
By Sunday Ameh Ondo State Governor, Lucky Aiyedatiwa, and President of the Dangote Group, Aliko Dangote, have resumed discussions on the proposed development of the Olokola Free Trade Zone as part of efforts to fast-track industrialisation and attract investments to the state. The meeting, held in Lagos on Saturday, focused on practical steps towards transforming…
-
Dangote Rolls Out Free Petrol Delivery to Abuja, Five States
By Opeyemi Adelakun Dangote Petroleum Refinery has widened its footprint in Nigeria’s downstream petroleum market with the launch of a free petrol distribution scheme covering the Federal Capital Territory (FCT) and five states, a move expected to ease logistics costs for bulk buyers and strengthen competition in the sector. The refinery announced on Wednesday that…
-
Dangote Refinery Overtakes US in Europe’s Jet Fuel Market
By Opeyemi Adelakun The Dangote Petroleum Refinery exported an estimated 466,000 metric tonnes of aviation fuel to Europe in June, with the shipment valued at about ₦757 billion, surpassing the United States to become the continent’s largest supplier during the month. The latest export figures mark Nigeria’s highest monthly jet fuel shipment to Europe since…
-
Dangote Refinery Orders First Crude Oil Cargoes From UAE
By Opeyemi Adelakun Dangote Refinery has ordered two crude oil cargoes from the United Arab Emirates (UAE), marking the first time the facility will source crude from the Middle East. The development represents a shift in the refinery’s crude procurement strategy, which has largely relied on Nigerian, African and United States crude grades since operations…
-
Dangote Refinery Dismisses Petrol Export, Re-import Allegations
By Opeyemi Adelakun Dangote Petroleum Refinery has refuted allegations that its petroleum products are exported to Lomé, Togo, and subsequently re-imported into Nigeria. In a statement issued on Tuesday, the refinery said it was compelled to respond to what it termed an “ill-motivated web of falsehoods,” despite its longstanding policy of not engaging with baseless…
-
Dangote to Build Nigeria’s Biggest Industrial and Free Trade Zone in Ondo State
…Construction expected to begin in final quarter of 2026 as governor predicts industrial revolution President of the Dangote Group, Alhaji Aliko Dangote, has reaffirmed plans to establish what could become Nigeria’s largest industrial and free trade zone in Ondo State, a development expected to drive investment, create thousands of jobs and accelerate industrial growth across…
-
Mafia Nearly Frustrated $20bn Refinery Project — Dangote
By Paul Joseph President of the Dangote Group, Aliko Dangote, has disclosed that entrenched interests in Nigeria’s oil sector almost sabotaged the construction of the $20 billion Dangote Petroleum Refinery. Dangote made the revelation during an interview with Chief Executive Officer of Norway’s Sovereign Wealth Fund, Nicolai Tangen, where he reflected on the challenges encountered…
-
Dangote Rejects NNPC Move to Increase Refinery Stake
By George Omagbemi Sylvester President of the Dangote Group, Aliko Dangote, has revealed that his company rejected attempts by the Nigerian National Petroleum Company Limited (NNPCL) to increase its ownership stake in the Dangote Petroleum Refinery, saying the decision was aimed at opening future participation to ordinary Nigerians and global investors. Dangote made the disclosure…
-
BUA Founder Nears Dangote, Becomes Africa’s Second-Richest Man After $8.8bn Wealth Surge
By Paul Joseph Nigerian billionaire and Chairman of BUA Group, Abdulsamad Rabiu, has climbed to become Africa’s second-richest individual after adding an estimated $8.88 billion to his fortune in 2026. The latest Bloomberg Billionaires Index shows Rabiu’s net worth rising sharply to $19 billion, pushing him ahead of South African luxury business tycoon Johann Rupert…
-
Dangote Hikes Petrol Price to N1,275
By George Omagbemi Sylvester Dangote Petroleum Refinery has increased its ex-depot petrol price to N1,275 per litre, reinforcing fresh pressure across Nigeria’s downstream oil market and signaling another adjustment in the deregulated fuel pricing regime. April 29, 2026 — The development follows ongoing volatility in global crude benchmarks and operational cost adjustments within the refinery,…
-
Dangote Eyes East Africa Expansion with Planned Tanzania Refinery
By Paul Joseph Africa’s richest man, Aliko Dangote, has unveiled plans to partner with Kenya and Uganda to build a major oil refinery in Tanzania, a move that could significantly reshape the region’s energy landscape. Speaking at an infrastructure financing conference in Nairobi, the Dangote Group president said the proposed refinery would mirror his flagship…
