Tag: Aliko Dangote

‘20% To 7.2%,’ NNPC Reacts As Dangote Says Firm’s Stake in His Refinery Depleted

ADEOLA YUSUF

“We made a commercial decision to cap our investment at the amount already paid.” Word-for-word of what NNPCL spokesman, Olufemi Soneye, said on the claim by Dangote   Africa’s richest man, Aliko Dangote, says the Nigerian National Petroleum Company (NNPC) Limited no longer owns 20 percent stake in Dangote Petroleum Refinery, a statement that has drawn a reaction from the state oil firm. Speaking during a press briefing at the refinery on Sunday, Dangote said NNPC now owns 7.2 percent of the refinery over failure to pay the balance of…

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Inside Ogun Politics That Made State Lost $18.5bn Dangote Refinery to Lagos

ADEOLA YUSUF

Characters in the politics that cost Ogun state the siting of Dangote refinery have turned toxic tongues throwing tantrums. While the states IGR begins to suffer, none of the actors wants his head to be used to break the proverbial coconut, reports Adeola Yusuf   The siting and commissioning of Dangote’s $18.5bn Refinery could have been held on Ogun state soil. And so, it became a reopened wound on Monday, May 22, 2023, when the refinery in Lekki played host to five presidents from West African countries, top diplomats from…

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Zambia Takes Investment-Hunt To Dangote

ADEOLA YUSUF

Commerce and Industry minister seeks Dangote’s Assistance in Developing Fertiliser Industry. The Zambian Minister of Commerce and Industry, Mr. Chipoka Mulenga, has sought the assistance of the President, Dangote Group, Aliko Dangote in the development of his country’s agricultural sector. Platforms Africa reports that Chipoka Mulenga, who led a delegation from Zambia on tour of the 3.00 million metric tonnes Dangote Fertiliser plant at the weekend, called for a collaboration between Dangote Group and the Zambian government in the establishment of fertiliser plant in the southern African country. Mulenga expressed…

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Dangote, Adenuga, Rabiu: Wealth Of 3 Nigerian Billionaires Hits $28.2bn

ADEOLA YUSUF

Forbes gives figures of how, amidst economic troubles in the last one year, the three Nigerian billionaires raked in $5.7bn to grow wealth to $28.2bn, more than GDP of 28 of 54 countries in Africa   The Wealth of three Nigerian billionaires; Aliko Dangote, Mike Adenuga and AbdulSamad Rabiu, has hit $28.2 billion, more than the Gross Domestic Product (GDP) of 28 of the 54 countries in Africa. The Nigerian billionaires improved their ranking in the latest Forbes World’s Billionaire List, which compiles the fortunes of the richest people in…

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Sunday Igboho and allegory of Asantehene Golden Stool, by Festus ADEDAYO

Festus ADEDAYO

Queen Mother Nana Yaa Asantewaa was just a mother and farmer who spiced her vocation with being an intellectual, politician, and human rights activist. Living in a confederate Gold Coast, now Ghana, riven by a civil war of 1883 to 1888, the moment the British exiled Asantewaa’s brother and the King of Asante Prempeh 1 to Seychelles in 1896, a fertile ground was laid for a deadly rebellion against British rule in Ashanti land. Frederick Hogston, Governor-General of the Gold Coast, hastened the rebellion. By obstinately demanding for the Golden…

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$2bn Dangote Urea Plant Unsettles Africa’s Biggest Fertaliser Market

ADESUPO OSOSANYA

  How Africa’s richest man Dangote is dipping Nigeria’s Fertaliser Imports, trucks out 120 urea tanker loads daily   The $2bn Dangote Urea Plant has begun to unsettle the Africa’s biggest Fertaliser market for foreign-importers. Platforms Africa reports that the fertiliser plant by Africa’s richest man Aliko Dangote is dipping the Nigeria’s Fertaliser Imports (biggest in the continent) with truck out of 120 urea tanker loads on daily basis.   READ ALSO: DPR confirms Platforms Africa Exclusive Story on Shakeup, Deputy Directors BIG BROTHER! Nigeria To Sell Unused Electricity To…

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