Alhaji Aliko Dangote, President of Dangote Group, has called on President Bola Tinubu to extend the federal government’s ‘Nigeria First’ policy to cover refined petroleum products, specifically petrol, diesel and aviation fuel. Launched in May 2025, the directive already prohibits government agencies from importing goods or services available locally unless cleared by the Bureau of
Africa’s foremost industrialist and President of the Dangote Group, Aliko Dangote, has expressed deep concern over what he described as a troubling contradiction in the continent’s energy sector, one where African nations continue to export crude oil but depend heavily on foreign countries for refined petroleum products. Speaking at a recent economic forum, Dangote questioned
News Report – July 23, 2025 Africa is losing approximately $90 billion annually due to the continuous importation of substandard petroleum products, according to Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited. Dangote made this revelation while addressing stakeholders at a recent industry forum, where he emphasized the economic and environmental costs
A wave of anxiety has swept through the ranks of petroleum tanker drivers following the announcement of a major distribution agreement involving Dangote Group and leading marketers for the rollout of 4,000 Compressed Natural Gas (CNG)-powered trucks across Nigeria. The strategic partnership, which aims to revolutionize fuel distribution and reduce reliance on diesel-powered trucks, is
President of the Dangote Group, Alhaji Aliko Dangote, has announced plans to drastically reduce the cost of liquefied petroleum gas (LPG), commonly known as cooking gas, by initiating direct sales to consumers. The move, aimed at curbing the high retail prices currently burdening Nigerian households, was disclosed during a recent tour of the Dangote Refinery
Africa’s richest man, Aliko Dangote, has officially submitted paperwork to construct what will become Nigeria’s largest seaport at the Olokola Free Trade Zone in Ogun State—reviving a project shelved years ago. The development marks a significant return to the area after previous setbacks tied to policy hurdles and administrative obstacles During a courtesy visit to
Lagos, July 11, 2025 — Africa’s richest man, Aliko Dangote, has expressed serious doubts about the future viability of Nigeria’s state‑owned refineries, warning that the facilities in Port Harcourt, Warri, and Kaduna may never function despite massive investments. Speaking on Thursday at the Dangote Petroleum Refinery in Lekki, during a visit by members of the
July 11, 2025 | Abuja — Dangote Petroleum Refinery has once again rebuffed the Federal Competition and Consumer Protection Commission’s (FCCPC) bid to join its ongoing lawsuit seeking N₦100 billion in damages against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and other marketers over alleged unlawful fuel import licences. In a fresh ruling
Abuja, July 9, 2025 Aliko Dangote, Africa’s richest man and founder of the Dangote Group, has sent an open letter to President Bola Ahmad Tinubu, warning against moves that could lead to a monopoly in Nigeria’s petroleum downstream sector. In the letter, Dangote highlights growing concerns among 200,000 independent fuel retailers, represented by the Petroleum
Billionaire industrialist, Aliko Dangote, has officially stepped down as Chairman of the Board of Directors of Dangote Sugar Refinery Plc, marking the end of a remarkable 20-year leadership tenure. Dangote’s exit, which was formally announced by the company, signals a new chapter for the sugar refining giant, which he helped transform into one of Nigeria’s
