Dangote Group Archives - Page 2 of 2

Dangote: Naira Will Appreciate To N1,100/$ This Year

NewsDeskNgFeb 18, 2026February 18, 20260

Aliko Dangote has predicted that naira could strengthen to N1,100 per dollar in 2026 amid industrial growth and government policies. Aliko Dangote, chairman of the Dangote Group, has predicted that the naira could strengthen to N1,100 per dollar in 2026, citing the impact of government policies and the country’s industrial...

Dangote Signs $400m Equipment Deal To Accelerate Refinery Expansion

NewsDeskNgFeb 17, 2026February 17, 20260

Dangote seals $400m XCMG deal to fast-track refinery expansion to 1.4 million bpd, targeting global industry leadership. Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., in a move aimed at accelerating the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000...

My refinery was Tinubu’s dream 18 years ago – Aliko Dangote

NewsDeskNgSep 3, 2024September 3, 20240

The founder of the Dangote Group, Aliko Dangote has said his hair went grey due to efforts to set up his refinery. Dangote also disclosed that the refinery was a brainchild of President Bola Tinubu. Addressing newsmen on Tuesday, Dangote said Tinubu dreamt about establishing a refinery in Lagos State...

Naira-for-crude policy will cut forex demand

NewsDeskNgSep 3, 2024September 3, 20240

The President of the Dangote Group, Aliko Dangote, says President Bola Tinubu’s Naira-for-crude policy will slash the demand for foreign exchange (forex) by 40 per cent. Dangote said this on Tuesday at a press conference where he announced the commencement of the production of petrol at the Lagos-based 650,000 barrels...

Dangote Refinery imbroglio: Experts react as NASS mulls sanctions on economic saboteurs

NewsDeskNgJul 23, 2024July 23, 20240

The Nigerian government authorities have offered the Chairman of Dangote Group, Aliko Dangote an olive branch amid the feud between Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority over substandard petroleum products. This comes as Nigerian lawmakers, particularly, the Senate have vowed to come tough on economic...

Dangote – Minor fire incident at our refinery has been contained

NewsDeskNgJun 26, 2024June 26, 20240

Dangote Group has released an official statement over the fire incident at its refinery on Wednesday. A statement from Dangote Refinery described the fire as minor, adding that it has been contained. “Dangote Refinery contains minor fire at its effluent treatment plant “We have swiftly contained a minor fire incident...