Nigerian billionaire businessman, Aliko Dangote, has opened up on the challenges of building and running his refinery. Dangote disclosed that one of the challenges in the industry is having to deal with oil mafias. Speaking during an interview with Forbes on Monday, the businessman described the mafia in the oil industry as more dangerous than … Read more
The Dangote Refinery has hinted about entering into its 100% production capacity in the next 30 days. Henzodaily reports that the firm, established by billionaire businessman, Aliko Dangote, in Lagos, commenced processing crude oil into diesel, naphtha, and jet fuel in January of the previous year, with petrol production starting in September. Despite its advancements, … Read more
Chairman of Dangote Group, Aliko Dangote, has claimed that the government is taking 52 per cent of his company’s income This highlights the tax burden on Dangote Cement Plc and the challenges of doing business in Nigeria. Dangote made the statement on Wednesday during a tour of Dangote Fertiliser Limited and the Dangote Petroleum Refinery … Read more
A Chieftain of the All Progressives Congress (APC), Tonye Cole, has blamed politicians for the efficiency in the power sector. The billionaire businessman said Nigeria’s current electricity challenges would have been a solved problem during privatization by the previous government but for political interference. In an interview with News Central on Monday, Cole commended the … Read more
The President of Dangote Industries Limited, Aliko Dangote, has explained that the recent reduction in the price of Premium Motor Spirit (PMS), or petrol, to ₦899.50 per litre at the company’s loading gantry, was a direct result of prevailing market forces. Dangote emphasized his commitment to safeguarding the interests and investments of the multi-billion-dollar company, … Read more
President of Dangote Industries Limited, Aliko Dangote, has praised President Bola Tinubu for implementing the naira-for-crude swap deal, highlighting its positive impact on Nigeria’s economy. Dangote attributed the recent reduction in petroleum product prices to the initiative. In a statement posted on its social media handles on Saturday, the Dangote Petroleum Refinery announced a partnership … Read more