The Dangote Refinery, a 650,000 barrels per day facility considered the largest single-train refinery in the world, has been embroiled in battles with different stakeholders in Nigeria’s oil and gas sector since it commenced operations in 2024, sparking concerns about challenges faced by investors in the country. Going by its nameplate capacity, the refinery was …
Vice President Kashim Shettima has called for restraint and constructive dialogue between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the management of the Dangote Refinery, warning that no group or individual must hold the nation’s economy hostage. Representing President Bola Ahmed Tinubu at the opening of the 31st Nigerian Economic …
Ethiopian Investment Holdings (EIH), the government’s strategic investment arm, has partnered with Dangote Group to develop a state-of-the-art urea fertiliser production complex in Gode, Ethiopia. The two companies have signed a comprehensive shareholders' agreement to build one of the world’s largest single-site urea fertiliser production plants, marking a significant step in the industrialisation of Ethiopia’s …
By Esther Ososanya In a major boost for Africa’s energy sector, the African Export-Import Bank (Afreximbank) has signed a $1.35 billion financing deal with Dangote Industries Limited (DIL). The deal is part of a larger $4 billion syndicated loan to support the Dangote Refinery, Africa’s largest industrial project to date. This agreement will help refinance …
By Esther Ososanya The National Oil and Gas Suppliers Association of Nigeria (NOGASA) has issued a cautionary appeal to the Dangote Refinery, urging the industrial giant to reconsider its entry into direct fuel distribution, which the association says poses a significant risk to the survival of thousands of small and medium-scale oil marketers across Nigeria. …
By Esther Ososanya Africa’s richest man and industrialist, Aliko Dangote, has officially stepped down as Chairman of Dangote Cement Plc, the company he founded and built into one of the continent’s largest cement producers. The announcement was made on Friday in a statement issued by the company’s Group Chief, Branding and Communications Officer, Anthony Chiejina. …
By Esther Ososanya Africa’s richest man, Aliko Dangote, has delivered a sobering warning to the continent’s leaders: Unless powerful fuel import interests are confronted head-on, no new refinery will ever be built again in sub-Saharan Africa. Speaking at the Global Commodity Insights Conference in Abuja, the billionaire industrialist declared that entrenched rent-seeking, offshore fuel cartels, …
