The Dangote Petroleum Refinery has surpassed expectations, hitting 700,000 barrels per day (bpd) in output—well above its 650,000 bpd design capacity—and confirming its status as the world’s largest single-train refinery. Â
President of the Dangote Group, Aliko Dangote, has announced plans to expand the company’s investment in Ethiopia from $2.5bn to over $4bn, reinforcing its commitment to industrialisation and food security across Africa.
Aliko Dangote, President of the Dangote Group, says the company rejected attempts by the Nigerian National Petroleum Company Limited (NNPC) to increase its 7.25% stake in the Dangote Petroleum Refinery.
Dangote Targets London Listing to Fund Cement Expansion
Africa’s richest man, Aliko Dangote, is considering listing part of his cement business in London in what could become one of the biggest international market moves by a Nigerian industrial group in recent years.
The proposed listing is...
Aliko Dangote, President of the Dangote Group, has announced that the expansion of the Dangote Petroleum Refinery to a capacity of 1.4 million barrels per day will generate employment for about 95,000 skilled workers at peak construction.
President of the Dangote Group, Aliko Dangote, has called for urgent investment in local manufacturing and power infrastructure, stressing that Nigeria must design and build what it consumes to achieve economic independence.