$2.4bn of $5.5bn refinery loan repaid, says Dangote
The founder of Dangote Group, Aliko Dangote, has revealed that he has paid off $2.4bn of the $5.5bn loan for his $19bn Lagos-based refinery. The Africa’s richest man also alleged…
Dangote’s $750m Offer: How Obasanjo’s Refinery Privatisation Plan Was Scuttled
Former President Olusegun Obasanjo has shed light on the botched attempt to privatise Nigeria's refineries during his presidency, revealing that Africa's richest man, Aliko Dangote, had offered $750 million to…
Dangote Reacts to Favoritism Claims on Border Usage, Fires Bloomberg
The Dangote group described as misleading the recent reports published on Bloomberg which alleged that it's cement branch was enjoying favoritism from the Nigerian government. The report stated the popular…
NNPC No Longer Owns 20% of Dangote Refinery – Dangote
The Nigerian National Petroleum Corporation Limited (NNPCL) has lost its 20% stake in the Dangote Refinery due to its failure to pay the outstanding balance for its shares. This…
Dangote Describes $23bn Refinery as Biggest Risk of His Life
Billionaire Aliko Dangote has described his $23bn Dangote Refinery project as the “biggest risk” of his life._ Despite the refinery’s groundbreaking capacity of 650,000 barrels per day, Dangote revealed that…
Court Jails Nigerian DJ For Cloning Buratai, Dangote’s Daughter Facebook Accounts
A Disc Jockey (DJ) identified as Blessed Michael, is to reportedly spend six (6) months in prison for cloning the Facebook accounts of former chief of army staff, Lt.Gen. Tukur…
Lafarge, Dangote Face Query to Justify Cement Price Hike
The House of Representatives has begun an investigation into the recent increase in cement prices, with a focus on major producers Dangote Cement Company and Lafarge Africa Plc.…
Billionaire Businessman Dangote Hosts Burna Boy For Ramadan Iftar
Aliko Dangote, Africa's richest man has treated Burna Boy to dinner in the Ramadan Iftar. A video making rounds online shows when Burna Boy met with Dangote and prostrated before…
Dangote’s Business Model is Disastrous for Nigeria – US
The United States has described the business strategies deployed by the Dangote Group of Companies’ as disastrous to the Nigerian economy. Owned by Africa’s richest man, Aliko Dangote, Dangote Group…
Lawmakers Visit Dangote Refinery Amid Controversy Over Quality and Licensing
The 10th House of Representatives leadership, led by Speaker Tajudeen Abbas, visited the Dangote Petroleum refinery in Lagos State on Saturday, amidst controversy over the refinery's quality and licensing status.…