Tag Archives: Dangote

Africa’s richest man, Aliko Dangote, has expressed regret over missing the opportunity to purchase Arsenal Football Club for $2 billion when he had the chance to overtake. During an interview with Bloomberg’s Francine Lacqua, the Nigerian billionaire revealed that while he was once interested in buying the English football club, …

Aliko Dangote, founder of the Dangote Petroleum Refinery, has called on the federal government to immediately remove the petrol subsidy, arguing that it has become unsustainable for Nigeria. Speaking in an interview with Bloomberg TV on September 24, Dangote stated that continuing the subsidy burdens the government and distorts market …

Marketers of petroleum products in Nigeria have reportedly expressed concerns to President Bola Tinubu, claiming that the diesel prices offered by Dangote Refinery, currently at N900 per liter, are negatively impacting their businesses. According to Devakumar Edwin, Vice President of Dangote Industries Limited, the marketers argued that Dangote’s price reduction, …

Aliko Dangote, the billionaire businessman and owner of the Dangote Refinery, has announced the rollout of the refinery’s first batch of Premium Motor Spirit (PMS), commonly known as petrol, from its 650,000 barrels per day facility. During a press conference held in Lagos on September 3, 2024, Dangote reassured Nigerians …

Famous Nigerian businessman Aliko Dangote has declared that his refinery, which can process 650,000 barrels per day, is prepared to launch its first petroleum product into the market. However, the final pricing of the product will be determined by the Federal Executive Council (FEC) under the leadership of President Bola …