Dangote

Changing Dynamics in Nigeria's Oil Sector: A New Chapter Initiated by Dangote Refinery In a move that underscores his prominence in the African economic landscape, Aliko Dangote has once again adjusted the ex-depot price of premium motor spirit, commonly known as petrol. Earlier this week, the Dangote refinery implemented a second noteworthy price reduction for February, now lowering costs from N890 to N825 per litre. Just a few weeks back, on February 1, we witnessed a similar trend when prices dropped by N60 per…

The Changing Landscape of Nigeria's Fuel Supply Imagine driving through the bustling streets of Lagos or the serene landscape of Abuja, knowing that the gasoline fueling your journey might just be a product of the prolific Dangote Refinery. Recent reports suggest a significant shift in Nigeria's petroleum industry, with this refinery supplying an impressive 60% of the nation's domestic petrol needs. Yes, you read that right—60%! But what does this really mean for Nigeria’s energy landscape?…

"Today is the economy" portrays Nigerian billionaire Aliko Dangote, founder and head of the conglomerate that bears his name and Africa's first fortune. He created his fortune in Nigeria but his dream goes beyond his country. Aliko Dangote: “We have a lot to do. We must liberate Africa economically from Africans. The only way we can thrive is for Africans to control their economies alone. The strangers will see what we do, then they will join us. Of course, we can not grow alone, but we have to lead. ” The core of…