President of the Dangote Group, Alhaji Aliko Dangote, has revealed that Dangote Cement Plc remits a substantial portion of its earnings to the Nigerian government in the form of taxes, with the company paying up to 52% of its revenue as tax-related obligations. According to Africa’s richest man, for every ₦1 generated by Dangote Cement,
Nigeria is bracing for fuel chaos as the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has joined forces with the oil workers’ union, NUPENG, threatening to cripple fuel supply across the country in a shocking showdown with Africa’s richest man, Aliko Dangote. In a fiery statement on Sunday, PETROAN’s National President, Billy Gillis-Harry,
Dangote Industries Limited has distanced itself from a truck involved in a fatal road accident in Enugu on Wednesday, sparking renewed concerns over road safety and corporate accountability in Nigeria. The crash, which occurred around 9 a.m., involved a Howo truck loaded with cement and a Toyota Corolla. The vehicle, bearing the inscription of Visco
Addis Ababa, August 28, 2025 — Africa’s richest man, Aliko Dangote, has entered into a landmark $2.5 billion agreement with the Ethiopian government to establish one of the world’s largest fertilizer plants, a project expected to reshape agricultural production and accelerate industrial growth on the continent. The deal, signed in Addis Ababa, will see Dangote
Addis Ababa, August 28, 2025 — Africa’s richest man, Aliko Dangote, has signed a landmark $2.5 billion agreement with the Ethiopian government to establish a fertilizer plant that is set to transform the country’s agriculture-driven economy. The deal, signed on Thursday in Addis Ababa, gives Dangote Industries Limited a 60% ownership stake, while Ethiopian Investment
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
