The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $500 million investment in BUA Cement Plc, marking the largest-ever investment in northern Nigeria. The funding will assist BUA Cement in the development of two … Continue reading BUA cement secures $500 million facility from IFC and AfDB to establish new cement plants in Sokoto
Yesterday, President Muhammadu Buhari officially commissioned the highly anticipated Dangote Refinery, marking a significant milestone for Nigeria’s energy sector and import-export relations. With a staggering investment of $18.5 billion, the refinery is set to revolutionize the country’s economy and reshape … Continue reading Dangote refinery set to launch debut products in August
Peter Obi, the Labour Party presidential candidate, expressed his support for the Dangote Petroleum Refinery and Petrochemicals, emphasizing its positive impact on Nigeria’s economy. The inauguration of the refinery, which holds the distinction of being the world’s largest single-train petroleum … Continue reading Labour party presidential candidate hails Dangote refinery as game changer for Nigeria’s economy
During the official launching of the Dangote Oil Refinery in Lagos State, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, expressed optimism that the refinery would have significant economic benefits for Nigeria. Emefiele stated that the refinery … Continue reading Dangote oil refinery to generate electricity and create over 135,000 jobs
President Muhammadu Buhari is scheduled to inaugurate the Dangote Refinery and Petrochemicals, the world’s largest single-train refinery, situated in Ibeju-Lekki, Lagos. This landmark event is expected to transform Nigeria’s oil and gas sector significantly. Joining President Buhari are five other … Continue reading Dangote refinery: Buhari sets to inaugurate Nigeria’s game changing mega project in oil and gas sector
The Lagos State Government has issued a statement urging residents to plan their travel arrangements in the Lekki-Epe corridor between 8 am and 2 pm, ahead of the upcoming commissioning of the Dangote Refinery by President Muhammadu Buhari on May … Continue reading Lagos state government urges residents to plan travel ahead of Dangote refinery commissioning
A report by French media outlet Entreprendre suggests that Aliko Dangote, the CEO of Dangote Group, Africa’s largest industrial conglomerate, is close to acquiring a 60% stake in French Ligue 2 club, Valenciennes. Dangote, who had previously expressed interest in … Continue reading Africa’s richest man, Dangote, nearing purchase of French club
Dangote Sugar Refinery Plc (DSR), a leading sugar production company in Nigeria, has announced plans to pay N18.22 billion as dividends to its shareholders for the year ended December 31, 2022. In addition to the dividend payout, DSR has set … Continue reading Dangote Sugar announces N18.22bn dividend payout
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