The new President and Chairman of the Board of Directors of the African Export-Import Bank, George Elombi, on Saturday disclosed that Africa’s richest man, Aliko Dangote, is seeking an additional $5bn to expand his refinery in Lagos.
Dangote Refinery to List 10% Stake on NGX
President of the Dangote Group, Aliko Dangote, has announced plans to list between five and 10 per cent of the Dangote Refinery on the Nigerian Exchange within the next year, a strategic move designed to attract new...
Dangote to Expand Refinery Capacity to 1.4m Barrels Daily
President of the Dangote Group, Aliko Dangote, has unveiled plans to expand the company’s oil refinery from its current 650,000 barrels per day capacity to 1.4 million barrels, positioning it as the largest in the world.
Dangote...
FG Backs Naira-for-Crude Sale with Local Refiners
The Federal Government has reaffirmed its commitment to sustaining the Naira-for-crude oil sale agreement with local refiners as part of its broader policy to reduce the cost of fuel production and strengthen the domestic refining sector.
The Minister of...
Nigeria Is Greater Than PENGASSAN — FG Reaffirms Support for Dangote Refinery
By Queen Amina Mohammed
The Federal Government has reaffirmed its unwavering commitment to the success of the 650,000-barrel-per-day Dangote Refinery, describing it as a strategic national asset whose smooth operation is vital to Nigeria’s...
