Tag Archives: Alhaji Aliko Dangote

The construction of the 650,000 barrels of crude oil per day Dangote Refinery is expected to help Nigeria save over $7.5 billion through import substitution.   The project, will put Nigeria on the global map as major oil and gas hub in Africa, the Group Executive Director, Devakumar Edwin has hinted.   Nigeria currently import large amount of its petroleum …

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The President, Dangote Industries Limited, Aliko Dangote, has arranged more than $4.5bn in debt financing for his crude oil refinery project and aims to start production in early 2020. Dangote, Africa’s richest man, is building a refinery with a capacity of 650,000 barrels per day to help reduce Nigeria’s dependence on imported petroleum products. He was quoted by Reuters as saying that …

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Nigeria’s foremost entrepreneur, Aliko Dangote has been ranked among 75 most powerful persons on the planet, ahead of the Vice President of the United States of America, Mike Pence. According to the Forbe’s latest 2018 ranking of the World Powerful people, Dangote ranked among world leaders like Xi Jinping, the Chinese President, Vladimir Putin the Russian President and Donald Trump, …

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Buoyed by rising stock markets and commodity prices, Africa’s billionaires are collectively wealthier than a year ago. The 23 billionaires that Forbes found in Africa – up from 21 billionaires last year — are worth a combined $75.4 billion, compared to $70 billion in January 2017. The richest African, for the seventh year in a row, is Nigerian cement and …

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Africa’s richest man and most successful industrialist, Aliko Dangote, on Moday said the country will no longer import goods from other countries. He made the disclosure At the Financial Times’ 4th annual Africa Summit at Claridges in London. “We are not going to import anything any longer,” Dangote said, in the presence of Nigerian vice-president Professor Yemi Osinbajo, Congolese presidential …

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