Tag Archives: Dangote

President of Dangote Industries Limited, Aliko Dangote, has explained that the decision to expand the Dangote Petroleum Refinery from 650,000 barrels per day (bpd) to 1.4 million bpd is driven by emerging opportunities across Africa, growing regional demand for cleaner fuels, and Nigeria’s evolving policy environment that encourages local refining. Speaking at a media briefing in Lagos, Dangote said the …

Aliko Dangote, the richest Black man in the world, has reached a new milestone, with a net worth of $30.3 billion, according to the Bloomberg Billionaires Index. Per Business Insider Africa, the feat makes him the first African-born billionaire to achieve this level of wealth, fueled by growth in his cement and oil ventures. Dangote’s wealth increased by $2.16 billion …