Aliko Dangote

Aliko Dangote is extending his East African energy push beyond refining into the infrastructure that moves petroleum products, with the latest acquisition of about 25% of Kenya Pipeline Company.

Aliko Dangote has disclosed that Dangote Industries Limited has acquired a 25 percent stake in a petroleum products pipeline network in Kenya as the conglomerate expands its fuel distribution infrastructure across Africa.

To make sense of how Dangote’s net worth crossed $50 billion, you have to look at how private infrastructure gets valued. For years, wealth trackers struggled to put an exact price tag on his unlisted 650,000-barrel-per-day petroleum refinery in Lagos.

Africa’s biggest refinery opens its doors to public investors with a N2.15 trillion share offer, as Aliko Dangote signals plans to take more group companies public.

Dangote said the ongoing fiscal, monetary and regulatory reforms had contributed to improved macroeconomic stability, stronger investor confidence, increased industrial productivity and a more resilient business environment.

Africa's richest man, Aliko Dangote, earmarks one-third of his estimated $35.1 billion fortune for charity under a landmark succession plan Daughter, Halima Dangote, says the billionaire secured his family's consent to dedicate about $11.7 billion of his estate...

Dangote Refinery reverses course, ending its controversial dollar-denominated petrol sales and restoring naira transactions with a new gantry price of N1,215 per litre. Policy U-turn comes amid rising global oil prices, with Brent crude climbing to $95 per...

July 6 (THEWILL) — The Federal Government on Monday convened a meeting with Dangote Refinery, the Federal Competition and Consumer Protection Commission (FCCPC), the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), and other key players in the...

June 3 (THEWILL) — Dangote Refinery is positioning itself as a major player in the global aviation fuel market, unveiling plans to add 700,000 barrels per day (bpd) of refining capacity by 2028 as it seeks to capitalise on...

December 17, (THEWILL) — The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, has disowned a ‘fake’ statement circulating in the media and on social platforms as his purported response...