By Ayomide Otitoju Dangote Industries Limited (DIL) and GCL Group, China’s leading private energy conglomerate, have signed a landmark US$4.2 billion, 25‑year natural gas supply agreement to power Dangote Group’s major expansion projects in Ethiopia. The deal, formalized in Lagos, is one of the most significant China–Africa industrial partnerships to date. Under the agreement, GCL…
By Ayomide Otitoju Four Nigerian business leaders — Aliko Dangote, Mike Adenuga, Femi Otedola, and Abdulsamad Rabiu — have been listed among Africa’s wealthiest individuals in the 2026 Africa Billionaires ranking released by Forbes. Dangote retained his position as Africa’s richest man, with an estimated net worth of $28.5 billion. According to the ranking, the…
By Ayomide Otitoju NASCON Allied Industries Plc, popularly known as Dangote Salt, has honoured 50 outstanding customers at its 2025 Customers Dinner and Awards Night held in Abuja. The event was attended by the President of Dangote Group, Aliko Dangote, and the company’s Vice President, Olakunle Alake, among other senior executives. Speaking at the ceremony,…
By Ayomide Otitoju Dangote Industries Limited has entered into a strategic cooperation agreement with China’s XCMG Construction Machinery Co. Ltd, aimed at strengthening infrastructure delivery, industrial capacity and green project development across Africa. The agreement provides a framework for collaboration across key sectors including mining, petrochemicals, building materials, agriculture and infrastructure construction, with both companies…
By Ayomide Otitoju Dangote Industries has entered into a partnership with Honeywell to support its plan to double the capacity of the Dangote Refinery to 1.4 million barrels per day (bpd) by 2028. According to a Reuters report citing both companies, the agreement will enable the refinery to process a wider range of crude grades…
By Ayomide Otitoju Africa’s foremost industrialist, Aliko Dangote, and his conglomerate, Dangote Industries Limited, were honoured with three prestigious awards at the 15th annual Brand Africa 100 Awards held at the historic Africa Hall, headquarters of the African Union. Dangote Industries Limited was named the Most Admired African Brand following a comprehensive consumer-led survey conducted…
The ongoing dispute between Aliko Dangote and Nigerian regulatory authorities regarding the Dangote Refinery in Ibeju-Lekki, Lagos State, has intensified. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) recently declared that the refinery is still awaiting government licensing to commence operations. To address the conflict, Minister of State for Petroleum Resources, Heineken Lokpobiri, convened…
President of Dangote Industries, Alhaji Aliko Dangote and the Governor of the CBN, Godwin Emefiele have hailed the Governor of Ogun State, Dapo Abiodun, for turning the state into an investment friendly zone. The business magnates made this remark during the commissioning of the 42-kilometer Sagamu Interchange-Abeokuta dual carriageway by the President, Muhammadu Buhari. Dangote…
The latest data from the Bloomberg Billionaires Index showed that Aliko Dangote was the only Nigerian on the list of 500 billionaires on Tuesday. The index, which polls the net worth of the richest 500 people in the world and updated by the close of trading at the New York Stock Exchange, showed that as…