Tag: Dangote Refinery

World’s richest Black person Aliko Dangote eyes $100 billion empire on oil, fertilizer

Aliko Dangote is targeting a $100 billion business empire by 2030 through major investments in refining, fertilizer and cement.

Omokolade Ajayi Omokolade Ajayi

Dangote, Congo Oil Company explore refining partnership 

Dangote Congo oil partnership discussions deepen as SNPC and Dangote refine plans to boost fuel supply, energy security, and industrial growth.

Timilehin Adejumobi Timilehin Adejumobi

Africa’s richest man Aliko Dangote’s refinery cuts petrol, diesel, jet fuel prices

Aliko Dangote’s refinery has slashed domestic fuel prices in Nigeria following a decline in global crude costs spurred by a United States-Iran interim peace agreement.

Omokolade Ajayi Omokolade Ajayi

Standard Bank eyes lead advisory role in Dangote refinery IPO, expansion plans

Standard Bank plans a lead advisory role in the Dangote refinery initial public offering while signaling support for future expansion across Africa.

Omokolade Ajayi Omokolade Ajayi

Dangote Refinery valued at $39.1 billion in private placement as it seeks fresh capital

Dangote Petroleum Refinery is valued at $39.1 billion in a private placement aiming to raise about $1 billion in fresh capital.

Omokolade Ajayi Omokolade Ajayi

Aliko Dangote’s net worth nears $40 billion as refinery eyes $50 billion IPO

Aliko Dangote’s wealth nears $40 billion as a planned $50 billion refinery IPO draws strong global investor interest and massive capital requests.

Omokolade Ajayi Omokolade Ajayi

Aliko Dangote’s mega refinery hits 700,000 barrels daily, beating its own maximum design limit

Aliko Dangote’s petroleum refinery has surpassed its original design limit, processing 700,000 barrels of crude oil daily during official testing.

Omokolade Ajayi Omokolade Ajayi

Aliko Dangote’s mega refinery targets 130 crude grades ahead of $50 billion IPO

Dangote Refinery targets 130 crude grades as it expands capacity ahead of a planned $50 billion IPO.

Omokolade Ajayi Omokolade Ajayi

NNPC accuses Dangote refinery of monopoly claims as refinery private placement draws $2 billion

NNPC accuses Dangote refinery of monopoly claims as dispute over import licences and fuel supply intensifies in Nigeria.

Omokolade Ajayi Omokolade Ajayi

Nigerian billionaire Femi Otedola to pour part of $750 million warchest into Dangote Refinery

Femi Otedola plans a $100 million stake in Dangote Refinery, reallocating capital from his $750 million Geregu Power exit into Nigeria’s energy sector shift.

Omokolade Ajayi Omokolade Ajayi

Aliko Dangote courts Norway’s $2 trillion fund before $50 billion refinery IPO

Aliko Dangote engages Norway’s $2 trillion fund ahead of a planned $50 billion refinery IPO, boosting Africa’s energy investment outlook.

Omokolade Ajayi Omokolade Ajayi

Africa’s richest man, Aliko Dangote, weighs Kenya for $15 billion refinery

Nigerian billionaire Aliko Dangote weighs a $15 billion refinery in Kenya, with Mombasa emerging as a leading site choice.

Omokolade Ajayi Omokolade Ajayi