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
Industry experts and fuel marketers are calling on the Dangote Petroleum Refinery to peg its petrol prices below ₦800 per litre in a bid to ease pressure on consumers and strengthen its position in Nigeria’s liberalized downstream market. The call comes as Dangote Refinery, Africa’s largest single-train refinery with a production capacity of 650,000 barrels
The Dangote Group has entered into a multi-billion naira agricultural partnership with the Niger State Government aimed at transforming rice production and advancing Nigeria’s food security agenda. Speaking at the opening of the 2025 Niger National Trade Fair in Minna, Senior Special Adviser to the President of Dangote Group, Fatima Abdurrahman, announced that the company
In a significant move to provide relief to Nigerians amid rising economic pressures, the Dangote Petroleum Refinery has once again lowered the pump price of Premium Motor Spirit (PMS), reducing it by N15 per litre. The new price takes immediate effect, with petrol now retailing at N875 per litre in Lagos, while varying slightly across
The Lagos State Government has commenced an investigation into the recent employment of 89 labourers from Katsina State by the Dangote Refinery situated in the Ibeju-Lekki area of the state. The development follows a viral video that surfaced online earlier this month, showing a group of young men from the northern state arriving in Lagos
Africa’s richest man and President of the Dangote Group, Alhaji Aliko Dangote, has disclosed that despite the commencement of operations at his $20 billion refinery located in the Lekki Free Zone, Lagos, efforts to undermine the facility remain relentless. He said he is still in a fierce battle to protect the refinery from entrenched interests
