Dangote Industries Limited has kicked off preliminary preparations for its proposed Deep Seaport at the Olokola Free Trade Zone in Ogun State. This major step forward follows successful engagements and endorsements from traditional rulers and host communities across Ogun and Ondo states, positioning the project to become a dominant maritime logistics hub in West Africa. …
The Nigerian stock market is currently heavily controlled by a small group of companies, with just 26 firms, including MTN Nigeria Communications and Dangote Cement, accounting for over 90 per cent of the total value of the Nigerian Exchange (NGX) market capitalisation. Pinnacle Daily analysis of market data from the NGX price list for April …
Dangote Group has achieved its first oil from its upstream assets in the Niger Delta, marking its entry into crude production. The company is currently producing 4,500 barrels per day (bpd) from the Kalaekule field on Oil Mining Lease (OML) 72. Vice President of Dangote Group's Oil and Gas Division, Devakumar Edwin, disclosed …
Nigeria’s top business leaders are set for an unprecedented surge in dividend income as stronger corporate earnings and higher payout ratios lift returns to shareholders, with Aliko Dangote and Abdul Samad Rabiu dominating the rankings by a wide margin. A review of audited financial statements across major listed companies shows that Dangote and Rabiu alone …
The Federal Government has intensified pressure on key industry players to accelerate Nigeria’s drive toward sugar self-sufficiency, setting a 600,000 metric tonnes production benchmark for the Dangote Sugar Refinery by 2030 as part of efforts to bridge the country’s widening supply gap. The directive was issued during an inspection visit to the Dangote Sugar complex …
By Esther Ososanya When Forbes released its 2025 roster of the world’s Black billionaires, Nigeria once again led Africa, but the story went deeper than the familiar names. Behind the expected heavyweight figures were several surprising entrants from tech, biotech, and hospitality whose rise defied predictions and broadened the narrative of Black wealth. Here are …
