AGS NEWS – The Dangote Petroleum Refinery is building eight additional tanks to boost its crude oil storage capacity amid challenges with local crude supply The $20 billion refinery plans to increase its storage by 6.29 million barrels, or 1 … Continue reading Dangote Refinery Expands Crude Oil Storage with Eight New Tanks
Major oil marketers will begin direct purchases of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery between Thursday and next week. This follows the Nigerian National Petroleum Company Limited (NNPCL) stepping down as the sole … Continue reading Marketers to begin direct Dangote petrol purchase
AGS NEWS – Four days before the planned start date of September 15, 2024, for lifting petrol from the Dangote Refinery, AGS NEWS has found that no commercial agreement has been finalized between the Nigerian National Petroleum Company Limited (NNPC) … Continue reading Why NNPC may not lift Dangote petrol on Sunday
AGS NEWS – President Bola Tinubu’s approval for selling crude oil to the Dangote Petroleum Refinery in naira is expected to lower the prices of locally refined petroleum products, according to oil marketers and experts. Industry operators praised the decision, … Continue reading Tinubu orders naira crude sale to Dangote, marketers project price crash
AGS NEWS – Despite facing accusations of attempting to monopolize Nigeria’s oil sector, Alhaji Aliko Dangote, President of Dangote Industries Limited, has received an invitation from President Brice Nguema of Gabon to invest in the country’s cement and fertilizer production … Continue reading Dangote invited to invest in Gabon amid accusation of monopoly
AGS NEWS – Gabon’s President has invited Africa’s richest man, Aliko Dangote to explore investment opportunities in their country’s Cement and Fertiliser sectors. This comes amidst his row with Nigerian authorities over the operation of his private refinery. The Dangote … Continue reading Gabon’s President invites Dangote to explore investment opportunities in their country’s Cement and Fertiliser sectors
AGS NEWS – Billionaire business mogul, Femi Otedola, has called on the Nigerian government to support Aliko Dangote, Chairman of Dangote Group, by creating a conducive environment for business growth. In a post on his X account on Tuesday, Otedola … Continue reading JUST IN: Why Nigerians should support Dangote — Otedola
AGS NEWS – Aliko Dangote, President of Dangote Group, revealed that a friend who previously advised him against investing in Nigeria is now mocking him for not heeding the warning. In an interview with PREMIUM TIMES on Sunday, Dangote shared … Continue reading My friend who warned against investing in Nigeria now taunting me – Dangote
AGS NEWS – Dangote Industries Ltd. has praised the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its efforts in addressing the company’s crude supply requests from International Oil Companies (IOCs). In a statement on Wednesday in Lagos, Mr. Devakumar Edwin, … Continue reading Dangote praises NUPRC’s efforts in securing crude supply
AGS NEWS – Financial data and media company Bloomberg has placed the Dangote Refinery ahead of Europe’s top 10 largest refineries. According to Bloomberg’s data, the refinery, located on the Lekki-Epe Expressway in Lagos State and worth $20 billion, boasts … Continue reading Dangote refinery surpasses top 10 European refineries in recent ranking
AGS NEWS – The funeral service for the late former Chief Executive Officer of Access Holdings, Dr. Herbert Wigwe, along with his wife, Doreen, and son Chizzy, has commenced at the RCCG Isiokpo. Their remains were brought to the church … Continue reading Wigwe, wife, son’s corpses arrive as Dangote, Fubara, others present
AGS NEWS – Billionaire industrialist Aliko Dangote has honored the late Herbert Wigwe by naming the 120km road leading to his refinery in Lagos after the renowned businessman. The tribute, announced during a special event titled ‘Celebrating Herbert Wigwe – … Continue reading Dangote names 120km refinery road after Herbert Wigwe
Oil marketers are gearing up to hold discussions with the management of the Dangote Petroleum Refinery to facilitate the efficient supply and distribution of refined petroleum products from the $20 billion facility. The Independent Petroleum Marketers Association of Nigeria plans … Continue reading Marketers set to discuss fuel supply with Dangote
Aliko Dangote, the Nigerian billionaire, has reclaimed his title as the wealthiest individual in Africa, surpassing South African business magnate Johann Rupert, as reported by both Forbes and Bloomberg. According to the Forbes Daily billionaires ranking platform, which monitors daily … Continue reading Dangote reclaims Africa’s Forbes richest man title
The initial crude feedstock for Dangote’s 650,000 barrels per day (b/d) refinery has reached Nigeria, marking a significant development towards the commencement of fuel production at the $19 billion facility, as reported by SP Global, citing market sources and tanker … Continue reading Dangote refinery receives inaugural crude supply
Africa’s wealthiest man, Aliko Dangote, reveals that his refinery has obtained a license to refine over 300,000 barrels of Nigerian crude per day, anticipating the commencement of gasoline production in the near future. Speaking at the Saudi-Nigeria business roundtable in … Continue reading Dangote refinery granted license for 300,000bpd crude processing
Joseph Ameh, a staff member of Dangote Refinery, lost his life in a hit-and-run accident in the Ibeju Lekki area of Lagos state on Thursday. The unfortunate event unfolded as Ameh was walking along Golf Bustop on Lekki Epe Expressway … Continue reading Dangote refinery staff member fatally struck by hit-and-run driver in Lagos
The Northern Elders Forum (NEF) has raised apprehensions regarding the ongoing disputes between prominent Northern businessmen Alhaji Aliko Dangote and Abdussamad Rabiu of BUA Company. NEF has expressed distress over the strained relationship between the former governor of Zamfara State, … Continue reading Northern elders express concerns over Dangote-Rabiu dispute
Dangote Industries Limited disclosed that it has successfully repatriated a total of $687.98 million through various Nigerian banks. This includes $576,008,672.41 channeled through Nigerian banks and an additional $111,968,109.38 facilitated through a cash swap arrangement between Dangote Cement Plc and … Continue reading Dangote industries returns $688 million from African ventures
Dangote Industries Limited and BUA Group have become embroiled in a dispute over allegations that Dangote was being investigated for illegal foreign exchange dealings. Dangote Group vehemently denied these allegations, accusing BUA of spreading false and damaging information about the … Continue reading Dangote and BUA point fingers in dispute over forex probe allegations
Dangote Industries Limited has reiterated its unwavering commitment to providing employment opportunities for the Nigerian populace. In an official statement, the conglomerate emphasized its ongoing investments in critical sectors of the economy aimed at fostering job creation and bolstering quality … Continue reading Dangote reaffirms dedication to job creation in Nigeria
Dangote Group has attained the title of Nigeria’s Most Valuable Brand, achieving a robust score of 86.2% on the brand strength measurement index during the comprehensive 2023 top brand perception assessment conducted by Top 50 Brands Nigeria. The organization revealed … Continue reading Dangote Group awarded ‘Most Valuable Brand’
Popular Nigerian singer, Bella Shmurda, recently shared a harrowing experience from his past when he used to work at Dangote’s noodles factory in Lagos. He recounted how a colleague fell from the roof of the company’s building into steaming industrial … Continue reading Bella Shmurda reveals why he stopped working at Dangote’s factory (video)
The Sub-Saharan African Skills and Apprenticeship Stakeholders Network (SASASNET) provided insight into why the Dangote refinery chose to hire 11,000 skilled workers from India instead of employing youths from Nigeria and other African nations. The network stated that Nigerian youths … Continue reading SASASNET reveals why Dangote employed 11,000 workers from India
Dangote Cement, in accordance with its share buyback program announced earlier in July, has successfully concluded the first tranche of the buyback process. The company repurchased a total of 121,404,714 shares, equivalent to 0.71% of its issued and fully paid … Continue reading Dangote cement successfully concludes first tranche of share buyback
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