Aliko Dangote has secured a $600 million loan from the Africa Finance Corporation to expand fertiliser production and generate $4 billion in annual export earnings.
Aliko Dangote
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In the NewsOil & Gas
African Billionaires Secure Historic Windfall as Shipping Crisis Redraws Global Oil Map
KEY POINTS The prolonged blockade of the Strait of Hormuz has completely reshuffled the global oil order. Satellite imagery analyzed by German business publication WirtschaftsWoche and earth observation firm LiveEO …
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The African Energy Chamber has named Aliko Dangote its 2026 African Energy Person of the Year, recognizing his refinery’s transformative impact on Nigeria and African energy security.
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KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced the price of aviation fuel (Jet A1) from N1,750 to N1,650 per litre in a move designed to ease operational pressures …
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KEY POINTS Africa’s richest man, Aliko Dangote, is targeting a valuation of up to $50 billion for his refinery business ahead of a planned initial public offering (IPO) expected later …
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Aliko Dangote has held talks with the CEO of Norway’s $1.9 trillion sovereign wealth fund over a potential partnership targeting African energy and agriculture.
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In the NewsOil & Gas
East African Countries Plan Joint Refinery as Dangote Offers to Build Mega Plant
KEY POINTS East African countries are exploring plans to jointly develop a large oil refinery at the port of Tanga in Tanzania, in a move aimed at reducing dependence on …
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Aliko Dangote has struck a deal with Honeywell to produce plastics and detergent ingredients at his Lekki refinery, cutting Nigeria’s dependence on imports.
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KEY POINTS Nigeria has recorded a major milestone in its energy sector as the Dangote Petroleum Refinery & Petrochemicals pushed the country into becoming a net exporter of petrol for …
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KEY POINTS Africa’s richest industrialist, Aliko Dangote, is set to present a major industrial roadmap as the Dangote Group participates in the 2026 Nasarawa Trade Fair and Exhibition (NASTFE). The …