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Aliko Dangote

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Nigeria

Dangote, NNPC, govs pledge N30.5bn for First Lady’s food bank

Top public and private sector leaders have pledged a total of N30.5 billion to support the National Community Food Bank Programme led by First Lady Oluremi Tinubu. The pledges were announced at an event in Abuja to mobilise resources for the initiative, which is aimed at tackling child malnutrition and hunger across Nigeria. Billionaire businessman Aliko Dangote, through the Aliko Dangote Foundation, made one of the largest commitments in support of the food bank programme. The Nigerian National Petroleum Company Limited and several state governors also announced significant financial contributions to back the nationwide roll out of the scheme. The National Community Food Bank Programme is designed to strengthen nutrition support at community level and improve access to safe, nutritious food for vulnerable children and families. It will operate mainly through primary health centres, which will help identify eligible families […]

Abdulmumini Auwal SA April 2, 2026

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Nigeria

Akpabio, Governors, Dangote, Others Celebrate Tinubu At 74

Political and business leaders across Nigeria have sent goodwill messages to President Bola Ahmed Tinubu as he marks his 74th birthday. They praised his decades of involvement in national politics and his current efforts to steer economic and governance reforms. Senate President Godswill Akpabio described Tinubu as an audacious and visionary leader whose life has been dedicated to Nigeria’s development. He said the President’s journey from pro democracy activism to the presidency shows a consistent commitment to democracy and national progress. Former President Goodluck Jonathan also congratulated Tinubu, commending his role in sustaining democratic institutions and urging continued focus on peace and stability. He prayed for wisdom and strength for the President as he leads the country through economic and security challenges. State governors from different political parties joined in celebrating the President. They highlighted his support for sub national […]

Abdulmumini Auwal SA March 29, 2026

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Nigeria

Iran war may force Nigerians back to working from home – Dangote

Chairman and CEO of Dangote Group, Aliko Dangote, has warned that the ongoing Middle East crisis could push Nigeria and other African countries back to work from home arrangements similar to those used during COVID 19. He said the conflict, involving Iran, Israel and the United States, is driving oil price volatility that could worsen economic hardship across the continent. Dangote spoke after a meeting with President Bola Tinubu at the President’s Ikoyi residence in Lagos. He expressed concern that many African countries have little or no financial reserves to cushion the impact of rising energy costs and global supply disruptions.​ He noted that some countries are already asking people to work from home or reducing work days because they cannot afford high fuel costs. Citing Indonesia as an example, he said workers there now go to the office four […]

Abdulmumini Auwal SA March 24, 2026

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new africa

Dangote predicts naira could strengthen to ₦1,100/$1 in 2026

Africa’s richest man, Aliko Dangote, says the naira could appreciate to around ₦1,100 to the US dollar before the end of 2026 if current government policies and import controls are sustained. He spoke in Abuja during the launch of the Nigeria Industrial Policy, attended by Vice President Kashim Shettima and top private sector leaders. Dangote noted that although the naira is currently trading around ₦1,300–₦1,340 on the official market, recent reforms are already easing pressure on the currency. He argued that blocking “reckless” imports that can be produced locally, alongside tighter foreign exchange management, will help further strengthen the naira. “I can assure you that, with what I know, by blocking all this importation, the currency this year will be as low as ₦1,100 if we are lucky,” he said, while suggesting government might even need to slow the naira’s […]

Abdulmumini Auwal SA February 18, 2026

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Nigeria

Dangote threatens N100bn suit over ‘unclean business’ claim

President of Dangote Group, Aliko Dangote, has given Kaduna based businessman Kailani Mohammed a seven day ultimatum to retract alleged defamatory statements against him or face a N100 billion lawsuit. In a letter sent through his lawyer, Ogwu James Onoja (SAN), Dangote demanded a public explanation, retraction and unreserved apology over remarks made during a Trust TV interview.​ Mohammed had questioned the source of Dangote’s wealth and claimed he engaged in “unclean business” in Port Harcourt in the 1980s. The comments were made while reacting to Dangote’s petition against former NMDPRA chief executive Farouk Ahmed, which alleged misuse of public funds and economic sabotage.​ Dangote’s legal team said the statements were false, malicious and calculated to damage his reputation and business standing at home and abroad. The letter stated that the remarks portrayed him as a corrupt businessman who built […]

Abdulmumini Auwal SA December 22, 2025

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Nigeria

ICPC invites Dangote over 7m dollars school fees claim

The Independent Corrupt Practices and Other Related Offences Commission has invited billionaire businessman Aliko Dangote over his petition against the immediate past chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed. Dangote is expected to appear or be represented by his lawyer, Ogwu Onoja, when a formal investigation into the petition begins on Monday.​ A special panel of investigators was set up on Friday to handle the case, underscoring the importance the commission places on the allegations. ICPC has asked Dangote to submit documents and other evidence to back his claims, stressing that anyone who makes accusations must provide proof or leads for investigators to follow.​ In the petition, submitted on Tuesday through his lawyer, Dangote accuses Farouk Ahmed of corruption, abuse of office, and living far above his means as a public officer. He alleges […]

Abdulmumini Auwal SA December 21, 2025

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Nigeria

Dangote refinery row forces regulators to resign

The Nigerian oil and gas industry has been thrown into uncertainty following the resignation of the chief executives of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Engr Gbenga Komolafe, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Engr Farouk Ahmed. Both NUPRC and NMDPRA are responsible for enforcing petroleum laws, regulations and guidelines in the upstream and downstream sectors. Komolafe and Ahmed were appointed in September 2021 by former President Muhammadu Buhari after the Petroleum Industry Act, PIA, came into force and had been reporting directly to President Bola Tinubu, who is also the Petroleum Minister, until their resignations. Farouk Ahmed’s exit follows his recent clash with industrialist Aliko Dangote, who petitioned the Independent Corrupt Practices and Other Related Offences Commission, ICPC, over alleged misconduct. Dangote accused the NMDPRA leadership of economic sabotage, claiming that its policies were […]

Abdulmumini Auwal SA December 18, 2025

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Uncategorized

Group seeks probe of Dangote’s claim on Farouk Ahmed’s children​

President Bola Ahmed Tinubu has been urged to order an investigation into an allegation that the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Farouk Ahmed, paid 5 million dollars in secondary school fees for his children.​A coalition of civil society organisations under the platform of the Empowerment for Unemployed Youth Initiative (EUYI) made the call, asking that anti-graft agencies, especially the Economic and Financial Crimes Commission (EFCC), should verify the claim.​ Speaking at a press conference in Abuja, EUYI convener, Comrade Momoh Prince, said public trust in government depends on transparency and accountability, especially when serious allegations are raised against public officials.​The group explained that its demand followed a public claim linked to industrialist Alhaji Aliko Dangote, which questioned the source of funds allegedly used to pay for the foreign education of Farouk […]

Abdulmumini Auwal SA December 17, 2025

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Nigeria

Dangote to Nigerian elites: Skip Rolls Royce, invest in industries

Dangote Group Chairman, Aliko Dangote, has urged wealthy Nigerians to divert money spent on luxury items like Rolls Royce cars and private jets into building industries that create jobs and drive economic growth.​ Speaking after a meeting with President Bola Tinubu at the Presidential Villa, he lamented a culture of conspicuous consumption and recalled that, in earlier years, even presidents used modest official cars, which discouraged elites from outspending the state on luxury.​ He said anyone who can afford a Rolls Royce should instead establish factories in their communities or anywhere in Nigeria where investment is needed, arguing that many of the private jets crowding local airports could have been productive industrial assets.​ Dangote stressed that Nigeria’s development hinges on strong local investment in manufacturing and agriculture, backed by a solid banking system, and warned that rapid population growth of […]

Abdulmumini Auwal SA December 7, 2025

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Nigeria

Dangote Refinery Assures Steady Fuel Supply as Output Surpasses Demand

The Dangote Petroleum Refinery has assured Nigerians of a steady fuel supply during the upcoming festive season, announcing that its daily output of petrol and diesel now exceeds the nation’s consumption levels. In a statement on Saturday, the Group Chief Branding and Communications Officer of Dangote Industries Limited, Anthony Chiejina, said the refinery currently produces over 45 million litres of petrol and 25 million litres of diesel per day. “Our production capacity surpasses national demand,” Chiejina said. “We are collaborating with regulators and distributors to ensure efficient delivery across the country. Dangote remains committed to powering Nigeria.” He explained that the refinery’s growing domestic refining capacity has helped stabilize the naira by reducing foreign exchange outflows and supporting local currency inflows. Backing the federal government’s newly introduced tariff policy on fuel imports, Chiejina described it as a vital measure to […]

Abdulmumini Auwal SA November 1, 2025

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