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Aliko Dangote

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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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Nigeria

Dangote Refinery to expand capacity from 650,000 to 1.4 million barrels daily

The Dangote Petroleum Refinery has unveiled plans to expand its production capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, a move that will make it the largest refinery in the world once completed. President of the Dangote Group, Alhaji Aliko Dangote, announced the development during a press briefing in Lagos on Sunday, stating that the expansion work will commence immediately. According to Dangote, the project will position the refinery ahead of India’s Jamnagar Refinery, which currently holds the title of the world’s largest. “We are expanding the Dangote Petroleum Refinery from 650,000 barrels per day to 1.4 million barrels per day. Upon completion, this will make it the largest refinery in the world, surpassing the Jamnagar Refinery in India,” Dangote said. He explained that the expansion project will create about 65,000 jobs, with 85 percent reserved for […]

Abdulmumini Auwal SA October 26, 2025

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Nigeria

NUPENG Protests Dangote’s Alleged Anti-Union Practices

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has accused Africa’s richest man, Aliko Dangote, of pursuing an “anti-union agenda” in Nigeria’s oil and gas sector. In a joint statement released Friday in Abuja, NUPENG’s National President, Williams Akporeha, and Secretary General, Afolabi Olawale, alleged that Dangote and his cousin, Sayyu Dantata, were working to establish a monopoly that would undermine workers’ rights, unions, and economic justice. “NUPENG is seriously concerned and disturbed with the unconscionable business practices of Alhaji Sayyu Aliu Dantata and Alhaji Aliko Dangote who are scared of allowing unions to exist in their business outfits,” the statement read. The union expressed particular alarm over Dangote’s plan to import 10,000 Compressed Natural Gas (CNG) trucks for fuel distribution. According to NUPENG, new drivers recruited under this scheme are being compelled to sign agreements barring them […]

Abdulmumini Auwal SA September 6, 2025

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international

Dangote Refinery Exports First Gasoline Cargo to U.S.

The Dangote Refinery has achieved another milestone by exporting its first gasoline cargo to the United States, underscoring its growing presence in the global energy market. According to trade data from Kpler, the Gemini Pearl vessel loaded about 300,000 barrels of gasoline at Dangote’s Port on August 26, 2025, and is expected to discharge in either New York or New Jersey. While the company has yet to officially confirm the development, market sources suggested that Vitol, a leading global energy trader, may have chartered the vessel. A New Chapter for Nigerian Exports This marks the first-ever Nigerian gasoline cargo shipped to the U.S., although Dangote has already established a foothold in Asian and Middle Eastern markets. In June and July, the refinery exported three LR2 cargoes — two to the Middle East Gulf and one to Singapore. Traders said the […]

Abdulmumini Auwal SA September 3, 2025

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Finance

Aliko Dangote Steps Down as Dangote Cement Chairman, Ikazoboh Takes Over

End of an Era: Dangote Exits Cement Board After Historic Run Africa’s richest man, Aliko Dangote, has retired as Chairman of Dangote Cement Plc, effective July 25, 2025, marking a major transition for Africa’s largest cement producer. 🔑 Key Changes:✔ Emmanuel Ikazoboh (Independent Director) → New Chairman✔ Hajiya Mariya Dangote joins the board✔ Prof. Dorothy Ufot retires "Dangote leaves to focus on refinery, petrochemicals, and government relations." Dangote’s Cement Legacy in Numbers 🏭 Production Powerhouse: 52M metric tons/year capacity across Africa 35.25M tons from Nigeria alone New plants in Côte d’Ivoire (+3M tons) & Itori, Nigeria (+6M tons) 💰 Record Financials (H1 2025): Revenue: ₦2.07 trillion (+17.7% YoY) Profit After Tax: ₦520.5 billion (+174% surge) Exports: Clinker shipments to Ghana, Cameroon up 18.2% 🌍 Pan-African Impact: Top taxpayer (₦402 billion in 2024) Created millions of jobs in construction, logistics Why Dangote Stepped Down 🔧 Strategic Shift: Focus on $20B Dangote Refinery & fertiliser biz Deepen government relations for industrial growth 📈 5-Year Vision: Cement biz now self-sustaining under new leadership Refinery […]

Ahmad July 26, 2025

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Finance

Aliko Dangote Submits Paperwork for Nigeria’s Largest Seaport in Ogun State

Dangote Moves to Build Nigeria’s Deepest Seaport in Ogun Africa’s richest man, Aliko Dangote , has confirmed that his group submitted official documents to begin construction of what he described as “the biggest, deepest port in Nigeria .” The project will take place in Olokola, Ogun State , about 100km from Lagos, where the Dangote Refinery and fertilizer plant are located. He made the announcement during a recent interview in Lagos , describing the move as part of a broader push to strengthen export capacity and reduce bottlenecks in Nigeria’s industrial supply chain. “We’re not doing this to monopolize,” Dangote said.“But we hope it inspires other entrepreneurs to invest too.” New Port To Boost Fertilizer and LNG Exports The planned deep seaport will serve as a major hub for exporting: Fertilizer Urea Liquefied Natural Gas (LNG) According to Devakumar Edwin […]

Ahmad July 14, 2025

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Finance

Africa’s Richest Man Retires from Refinery After 20 Years as Chairman

Dangote Steps Down as Chairman After Two Decades Aliko Dangote , widely recognized as Africa’s richest man , has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc after serving in that role for over 20 years . His exit marks a major milestone in the history of one of Nigeria’s most iconic industrial enterprises. Dangote, who founded the Dangote Group , has played a central role in shaping the Nigerian sugar industry, driving local production, and reducing reliance on imports. Under his leadership, the refinery became a dominant force in West Africa, known for its efficiency, scale, and commitment to quality. A Legacy of Vision and Impact During his tenure, Dangote oversaw significant growth and modernization of the sugar refining sector in Nigeria. He championed investments in infrastructure, technology upgrades, and policy advocacy aimed […]

Ahmad June 15, 2025

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