NGX Set New Record as Index Crosses 100,000 Points The Nigerian Exchange Limited’s benchmark index crossed the 100,000 basis point mark, setting a new all-time high record on Wednesday. At the close of trading, the All-Share Index of the local bourse gained 2,954.14 points or 2.99...

Dangote Refinery to Sell Petroleum Products in Naira Oil marketers says refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters. Dealers in the downstream oil sector also stated...

Dangote Cement Crosses N10tn Capitalisation on NGX The market capitalisation of Dangote Cement hit N10tn on Monday, emerging as the first company to achieve that milestone on the Nigerian Exchange. This is as billionaire businessman, Femi Otedola, who called the founder of the Dangote Group, Aliko...

Dangote Refinery: Investors Gain N514bn as Production Kicks off  Dangote Group investors gained N514bn on Tuesday following an announcement that the Dangote Refinery had commenced production. Investors have rushed to Nigerian Exchange Limited to purchase stocks by Dangote Group, an entity that is sensitive to information. Subsequently,...

Dangote Refinery to Commence Production After Receiving Sixth Crude Cargo The Dangote Petroleum Refinery says it has received the sixth one million barrels of crude oil required for the commencement of operations. In a statement, the firm said the product was supplied by the Nigeria National...

Dangote Reclaims Top Position as Africa's Richest on Forbes Billionaire List Nigeria’s Aliko Dangote has reclaimed his post as the richest person in Africa, according to Forbes Real-Time Billionaires. Last week, South African business tycoon, Johann Ruper, took over the position from Dangote. According to the ranking...