The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation no longer owns a 20 per cent stake in the refinery. Dangote said this while briefing journalists in Lagos State on Sunday. He said, “NNPC no longer owns a 20% stake in the Dangote refinery. They were met to pay their balance in …

The richest man in Africa, Alhaji Aliko Dangote, stirred the hornet’s nest recently when he accused the International Oil Companies (IOCs) operating in Nigeria of sabotaging his efforts to put an end to the embarrassing, ridiculous and neck-breaking importation of refined fuel products by Nigeria. Although Dangote exonerated the NNPC Limited (NNPCL) from the alleged conspiracy, it should be obvious …

Last 30 March, Air Peace, Nigeria’s biggest airline by miles announced the commenced of daily flights on the lucrative Lagos-London route to the excitement of Nigerians who have for years battled with the discriminatorily exorbitant fares charged by British Airways, Virgin Atlantic, and other international carriers on that route. While Nigerians were still celebrating the twin gains of a Nigerian …

President Bola Tinubu, on Sunday, hosted a special gathering to commemorate the Eid-el-Kabir celebration at his Lagos residence. This was made known by the Lagos State Governor, Mr. Babajide Sanwo-Olu in a statement on Sunday. The event brought together guests, including Deputy Governor Dr. Obafemi Hamzat; Speaker of the Lagos State House of Assembly Dr. Mudashiru Obasa; the state Head …

The Founder of Dangote Group, Alhaji Aliko Dangote has revealed that both local and international criminal organisations, which he described as “mafia”, made repeated attempts to sabotage his $19bn refinery project located in Lagos. Speaking at the Afreximbank Annual Meetings, Dangote likened the oil cartels to a mafia stronger than the drug mafia hell-bent on maintaining their grip on the …

The Dangote oil refinery is set to put an end to the monthly importation of an average of 1 billion litres of premium motor spirit (PMS) in Nigeria. This was as the Chairman of the Dangote Group, Aliko Dangote, revealed that Nigeria would end petrol imports the moment the refinery started selling the product in June. It was earlier reported …

The management of Dangote Groups has denied the report that one of its trucks was responsible for the accident that claimed no fewer than 19 lives along the Okene-Lokoja bypass in Kogi State on Sunday. The Chief Branding and Communications Officer of Dangote Groups, Tony Chiejina, disclosed this in a statement made available to newsmen on Monday. In a statement on Sunday, …

Dangote Petroleum Refinery has once more announced a further crash in the prices of diesel and aviation fuel to N940 and N980 per litre, respectively. This comes in the wake of its widely celebrated price crash to N1,000 barely two weeks ago. The new price of N940 is applicable to customers buying five million litres and above from the refinery, …

Despite the economic challenges facing Nigeria, Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024. Dangote’s fortune rose to $13.4 billion, Adenuga’s fortunes stood at $6.7 billion, while Rabiu and Otedola achieved a fortune of $5.2 billion and $1.4 billion in 2024, respectively. Aliko Dangote is the richest …

The $20 billion worth Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil (popularly called diesel) to oil marketers nationwide. Dealers and officials of the plant confirmed this on Tuesday, as it was gathered that the refinery commenced diesel sales last week. “They started pumping out diesel to marketers since last week. They also promised to sell aviation …