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Dangote Refinery, Fertiliser Projects To Create 235,000 New Jobs

The refinery and fertiliser projects of Dangote Industries Ltd (DIL) is expected to create no fewer than 235,000 direct and indirect new jobs when it becomes operational in the first quarter of 2019. President of Dangote Group, Aliko Dangote, who disclosed this at the weekend...

Dangote Clarifies Forex Allocation to Refinery, Fertilizer Plant

Africa’s richest man and President of Dangote Group, Aliko Dangote, has clarified that his refinery, petrochemical and fertilizer plant did not collect as much foreign exchange from the Central Bank of Nigeria (CBN) as some people have speculated, stressing that his company raised a...

Dangote’s Lekki Refinery, Gas, Petrochemical Plants to Gulp $17b

...Osinbajo hails ‘incredible’ project Vice President Yemi Osinbajo has described the Dangote Refinery and Petrochemicals as an incredible industrial undertaking. He spoke during a tour of facilities at the site at Ibeju-Lekki in Lagos. Osinbajo, who described the projects as ambitious, noted that the gas pipeline on...

Dangote Loses $3.7billion on Plunging Naira

Nigerian billionaire and Africa’s richest person, Aliko Dangote, fell 25 places on the Bloomberg Billionaires Index as the naira tumbled on its first day of trading without a peg to the United States dollar. Dangote’s fortune fell $3.7 billion, knocking him to No. 71 on...

Dangote Building Largest Oil Refinery In Lagos

Africa's richest man is building one of the world's largest oil refineries. Nigeria has a problem: The country is one of the world's top oil producers, but it doesn't have enough gasoline to fuel its struggling economy. On the outskirts of Lagos, Africa's richest man is...

Nigeria remains investment safe haven—Dangote

Chairman of Dangote Group, Alhaji Aliko Dangote, has said he will never shy away from investing in Nigeria economy as his company performed the $1 billion ground breaking of Dangote cement plants at Okpella, Edo State. The new plants are expected to add six million...