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BusinessNews

H1 2024: Dangote Cement Reports 85% Pre-tax Profit, Struggles With +118% YoY Increase In Production Costs

Dangote Cement Plc has announced a pre-tax profit of N292.9 billion for the first half of 2024. This marks a 22 per cent...

Rhodes-Vivour Lagos
News

GRV Queries Lagos Government on $100 million Paid by Dangote Refinery for Land

Gbadebo Rhodes-Vivour, 2023 Lagos Guber Candidate of the Labour Party, has raised questions about the claim by Dangote Group CEO Aliko Dangote that...

Afreximbank and other settlement banks in Nigeria will facilitate the trade between Dangote and NNPC Limited. The game changing intervention will eliminate the need for international letters of credit. It will also save the country of billions of dollars used in importing refined fuel.
FinanceNews

Dangote Accuses Government of Sabotage, Offers to Sell 650,000 BPD Dangote Refinery To NNPC

Aliko Dangote has offered to sell his multibillion-dollar oil refinery to the state-owned energy company, Nigerian National Petroleum Corporation (NNPC) Limited, accusing the...

Dangote Nigeria Steel Industry
News

Dangote Drops Plan To Invest in Nigeria’s Steel Industry To Avoid Allegations Of Monopoly

Dangote Group CEO, Aliko Dangote, has announced that the company will no longer pursue plans to enter Nigeria’s steel industry to avoid being...

Dangote Refinery Not Yet Licensed, Still At 45% Pre-Commission Stage - Says NMDPRA
BusinessPolitics

Dangote Refinery Not Yet Licensed, Still At 45% Pre-Commission Stage – NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said the Dangote Refinery is not yet licenced and is still at the...

Afreximbank and other settlement banks in Nigeria will facilitate the trade between Dangote and NNPC Limited. The game changing intervention will eliminate the need for international letters of credit. It will also save the country of billions of dollars used in importing refined fuel.
News

NNPC Loses 12.8% Stake In Dangote Refinery Due To Unpaid Balance

Aliko Dangote, Chief Executive Officer of Dangote Refinery, has said the Nigerian National Petroleum Corporation (NNPC) now holds only a 7.2 per cent...

Peter Obi, Labour Party's presidential candidate has raised concerns over the monetary policies of the federal government, which have dire and negative impacts that seem to befall small businesses.
News

Interest Rate: If Dangote Can Complain, Then Imagine Small Businesses – Obi

Peter Obi, Labour Party’s presidential candidate, has raised concerns over the federal government’s monetary policies, which he noted have dire and negative impacts...

Dangote Decries CBN 30% Interest Rate, Says Stifles Business Growth And Job Creation
NewsPolitics

Dangote Decries CBN 30% Interest Rate, Says It Stifles Business Growth And Job Creation

President of Dangote Industries Limited, Aliko Dangote, has criticised the current Central Bank of Nigeria’s interest rate of 30%, warning that such a...

Dangote Petroleum Refinery
News

Updated: Fire Outbreak at Dangote Petroleum Refinery in Lekki Free Zone

A fire outbreak has been reported at the Dangote Petroleum Refinery in the Lekki Free Zone, Lagos. The incident has caused panic among...

Dangote Refinery Accuses Int'l Oil Companies Of Price Manipulation
BusinessNews

Dangote Refinery Accuses Int’l Oil Companies Of Price Manipulation

Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused International Oil Companies (IOCs) in Nigeria of...

Heineken Lokpobiri
News

FG Claims It Is Unaware Dangote Imports Crude Despite Country’s Rich Resources

The Federal Government has said it is unaware of Dangote Refineries importing crude oil from the United States. This revelation came from the...

BusinessNews

TotalEnergies Seals First Supply Deal With Dangote Refinery 

French energy major TotalEnergies has secured its first supply agreement with the Dangote Refinery in Nigeria, as announced by Chief Executive Patrick Pouyanne....