Aliko Dangote buys 25% stake in Kenya’s oil pipeline network for USD 327 million
The transaction made by the Nigerian billionaire involves about 4.5 billion shares in Kenya Pipeline Company, representing 24.76% of its issued shares...
Tag : Aliko Dangote
Dangote breaks ground on USD 16 billion Kenya refinery with Honeywell technology support
Honeywell and Dangote worked together at his Nigerian refinery, where the company is helping with upgrades to double the plant's capacity...
Dangote posts record USD 1.82 billion profit as Nigeria becomes Europe’s key fuel supplier
The latest profit figure also marks a tremendous recovery for the Dangote refinery, after the USD 476 million loss recorded in 2025...
At NGX, Share Prices Rise Faster Than Profits
Nigerian stock market emerged as the world’s best-performing equity markets, but that achievement came with a certain amount of scrutiny...
People’s IPO: Dangote Refinery floats Africa’s largest share sale
The refinery came into the limelight in 2026 by capitalising on the increased demand for jet fuel, following Iran war-related supply disruptions...
IPO-bound Dangote refinery eyes production capacity expansion by 2029
The move, due to be completed by 2029, would increase the refinery's capacity to 1.4 million barrels per day from the current figure of 700,000...
No foreign listing for now as Dangote Refinery eyes retail-focused IPO
The refinery has submitted an application for a USD 5 billion IPO to Nigeria's SEC, with the listing's final size remaining unclear...
Ahead of IPO, Dangote refinery hits another production milestone
The refinery, owned by Nigerian billionaire Aliko Dangote, ramped up crude processing to 700,000 bpd during a performance test by process licensors...
Petrol price 40% cheaper in Nigeria than Saudi Arabia doesn’t make sense: Aliko Dangote
Noting that all other nations have done away with fuel subsidies, Aliko Dangote clarified that the Nigerian government could no longer afford the burden of subsidies...
Business Leader of the Week: Meet Aliko Dangote, richest man in Africa
Aliko Dangote has continued to maintain his position as Africa’s wealthiest man for the 12th consecutive year...