Dangote

The Winds of Change at Dangote: A New Era in African Refining Across the vast landscapes of Africa, the name "Dangote" resonates like a beacon of ambition. This is not just a brand; it’s a story of resilience, vision, and, most importantly, transformation. Recently, the Dangote Group took a significant step in its journey by appointing David Bird as the Chief Executive Officer of its Refinery and Petrochemical division. For many, this marks not just a leadership change, but a pivotal moment in the unfolding narrative of…

The Dawn of New Horizons: Dangote Cement's Bold Expansion in Africa In a world where construction is the lifeblood of economic growth, few names resonate as powerfully as that of Dangote Cement Plc. The Nigerian giant is actively consolidating its position as Africa's leading cement producer with an audacious announcement: a new 3 million metric tonnes per annum (Mta) grinding plant in Côte d’Ivoire, projected for completion by the third quarter of 2025. Beyond mere numbers, this facility signifies a promise, a commitment…

In a surprising turn of events, Dangote Refinery has opted to withdraw its lawsuit against Nigeria’s petroleum regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), alongside several key fuel importers, notably the state-owned NNPC Ltd. This unexpected move raises a multitude of questions, especially considering the significant stakes involved in Nigeria’s burgeoning oil sector. Initially, the refinery, hailed as Africa’s largest, had taken legal action to contest the issuance…

Dangote Cement: A Resounding Financial Triumph After Six Years In the ever-evolving landscape of African business, few stories shine as brightly as that of Dangote Cement. Recently, the company reported a staggering profit surge, achieving its highest earnings in six years. This impressive turnaround invites us to explore not only the numbers but also what lies behind them. How did they achieve this, and what does it mean for the wider market? Let’s take a moment to appreciate the significance…

Dangote Cement's Record Profit Growth: A Testament to Resilience In a remarkable turn of events, Dangote Cement Plc, steered by none other than Africa’s wealthiest individual, has achieved its most significant profit surge in nearly six years. The driving forces behind this impressive leap? A blend of a stable naira and increasing cement prices, both of which played a critical role in boosting the company's bottom line. According to a recent statement from the company, net income skyrocketed by over 300%,…

Ladi Olubowale, the President of the African Shipowners Association in Nigeria, recently shared insights with Punch regarding the troubling situation in Nigeria's maritime industry. Specifically, he expressed concerns about the Dangote Group’s decision to rely on foreign fleets for substantial cargo operations. This situation stemmed from a significant shortage of local vessels currently capable of handling the scale required. “The reality is that the narrative surrounding this issue is straightforward; the…

The Challenges of Nigeria's Maritime Industry: A Closer Look In a recent statement, Ladi Olubowale, the President of the African Shipowners Association based in Nigeria, raised significant concerns regarding the local maritime industry. He noted that the Dangote Group's decision to opt for foreign vessels is rooted in a distressing scarcity of Nigerian ships capable of handling large-scale cargo operations. As he shared his insights with Punch, one couldn't help but wonder: how did we arrive at a point where our own…

In an exciting development for Nigeria’s energy sector, the Dangote Petroleum Refinery has proudly announced the receipt of 4,000 state-of-the-art compressed natural gas (CNG) trucks. This strategic initiative marks a significant step toward optimizing fuel distribution across the nation and reducing reliance on traditional diesel-powered logistics. It’s a decision that not only reflects a commitment to modernization but also demonstrates a dedication to sustainability, a crucial conversation in today's world. As outlined…

Aliko Dangote, recognized as Africa’s wealthiest individual, has stepped down from his role as Chairman of the Board of Directors at Dangote Cement Plc. This transition symbolizes not just a shift in leadership, but the close of an illustrious chapter for one of the continent’s most significant cement manufacturers. Succession planning is critical in any corporate environment. In a recent announcement from Premium Times, we learned that Emmanuel Ikazoboh, the newly appointed chairman, will now steer the…

The Unfolding Crisis in Nigeria's Oil Market: A Deep Dive into Dangote's Concerns In a candid discussion that has sent ripples through Nigeria's oil sector, Aliko Dangote, a titan in the industry, has pointedly criticized the nation’s port infrastructure and the financial burdens faced by local oil marketers. He revealed a startling reality: it is now more cost-efficient for marketers to obtain refined petroleum products from offshore depots in neighboring countries, such as Togo, than to source them from the Lekki-based…