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Aliko Dangote Becomes First African to Hit $30bn Mark

Africa’s wealthiest individual, Aliko Dangote has reached a $30 billion net worth as of October 23, 2025, according to Bloomberg’s Billionaire Index.

Nigeria’s Petrol Imports Reach 15bn Litres Amidst Dangote Refinery Production

Nigeria's Petrol Imports Reach 15bn Litres Amidst Dangote Refinery Production   Despite increased refining capacity, Nigeria imported 69 per cent of the 21 billion litres of petrol it consumed between August 2024 and the first 10 days of October 2025, according to data from the NMDPRA. Nigeria...

Dangote Increases Petrol Price, Resumes Sales After One-Week Suspension

Dangote Increases Petrol Price, Resumes Sales After One-Week Suspension   The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit, popularly known as petrol, after a one-week suspension, with a revised ex-depot price of N850 per litre, up from the previous rate of N820. This...

NNPC Refineries Could Be Permanently Shut Down – Dangote

NNPC Refineries Could Be Permanently Shut Down - Dangote   The President of the Dangote Group, Alhaji Aliko Dangote, has doubted the possibility of the state-owned Port Harcourt, Warri, and Kaduna refineries functioning again. Dangote also stated that the refineries, which are under the management of the...

Dangote to List Fertiliser Subsidiary, Eyes Over $3bn Dividend

Dangote to List Fertiliser Subsidiary, Eyes Over $3bn Dividend   The President/ Chief Executive of the Dangote Group, Aliko Dangote, yesterday stated that the Group will soon list the Dangote Fertiliser Limited on the Nigerian Exchange (NGX), with the aim of revolutionising the capital market. He spoke...

Dangote Blames Crude Shortage as US Imports Rise

Dangote Blames Crude Shortage as US Imports Rise   The President of the Dangote Group, Aliko Dangote, says his 650,000-barrel capacity refinery is “increasingly” relying on the United States for crude oil. This came as findings showed that the Dangote Petroleum Refinery is projected to import a...