A new chapter in Africa’s industrial story opened on Thursday as Aliko Dangote, President/Chief Executive, Dangote Group, led the groundbreaking of a $2.5 billion fertiliser plant in Gode, Ethiopia. The project, a partnership between Dangote Group and Ethiopian Investment Holdings (EIH), with a production capacity of three million metric tonnes of urea annually, is expected…
The Aliko Dangote Foundation has donated 35,000 bags of rice to the poor and vulnerable people of Katsina State. This is coming two weeks after it commenced the distribution of one million bags of rice worth N16billion across the 774 local government areas in Nigeria. Representative of the Foundation, Mustapha Umar, disclosed this during the…
Dangote Petroleum Refinery & Petrochemicals has slashed the price of Premium Motor Spirit (PMS), or petrol, for the second time this month. It has cut N65 off the previous price of N890, bringing it down to N825 per litre at the gantry (ex-depot). This follows a N60 reduction on February 1. The ex-depot price has…
Despite having a combined refining capacity of 985,000 barrels per day, the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has disclosed that the country’s three operational refineries contribute less than 50 per cent of the nation’s daily petrol consumption. It said the significant shortfall was being filled through the importation of refined…
Dangote Industries Limited (DIL) has restated its commitment to driving the diversification of Nigeria’s economy for growth and job prospects through strategic investments. This is just as the Lagos Chamber of Commerce and Industries (LCCI) described the Company as the pillar and strength of the nation’s economy with its many investments. Dangote said while it…
Aliko Dangote, the founder of Dangote Petroleum Refinery, has called on the federal government to end the petrol subsidy, stating that it is the right time for the country to move away from such payments. Dangote made this remark during an interview with Bloomberg TV on Monday, September 24. “I think…
Africa’s richest man and chairman of Dangote Industries Limited, Aliko Dangote, has expressed his regret for not buying Arsenal football club when he had the chance. Truetels Nigeria reports that in an interview with Bloomberg’s Francine Lacqua in New York, the Nigerian billionaire reflected on the missed opportunity, after he previously considered purchasing the…
The Nigerian National Petroleum Company (NNPC) Limited says premium motor spirit (PMS), also known as petrol, was bought from Dangote Petroleum Refinery at N898 per litre. Olufemi Soneye, the chief corporate communications officer of NNPC, confirmed the price while speaking to TheCable on Sunday. There had been reports that NNPC purchased petrol from Dangote refinery at N766…
The Dangote refinery may resort to exporting its Premium Motor Spirit (petrol) following the refusal of the Nigerian National Petroleum Company Limited to be the sole buyer of its product. The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel unless it was cheaper than…
Management of Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to enforce the domestic crude supply obligation as specified in the Petroleum Industry Act (PIA), insisting that refineries in Nigeria should be allowed to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen, as…
