Members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) who recently paid a visit to Aliko Dangote’s multi-billion-dollar refinery disclosed that the refinery is 97 per cent near completion. The NMDPRA disclosed the news in Abuja when representatives of the Dangote Petroleum Refinery presented the work plan for the facility for 2022/2023, Daily Trust reported….
Category: Afro-Capital
How India’s Gautam Adani went from being poorer than Dangote to becoming third richest man
In April 2014, Aliko Dangote was far richer than Indian billionaire and founder of Adani Enterprises, Gautam Adani, with the Nigerian investor ranked within the top 60 richest people when his wealth was pegged to current ranking, and Adani was placed outside the 400 richest list. At the time, Dangote’s wealth was estimated at $24.7…
Dangote to cut sugar import by 40%
The management of Dangote Sugar Refinery Plc has said it is set to reduce the importation of sugar into the country by 40 per cent. The President, Dangote Group, Aliko Dangote, said in a statement that it was embarking on Phase II of its sugar project, which would cover over 100,000ha to make the sugar…
This Nigerian billionaire’s son just resigned from his father’s conglomerate, less than one year into his appointment as ED
Mr Rabiu resigned from his father’s company less than a year after he was appointed Executive Director. The company gave no reason for his sudden resignation. He joined BUA Foods in 2019, shortly after he graduated from the University of Hertfordshire. Naziru Isyaku Rabiu has resigned from the board of BUA Foods Plc, one of…
Zambia seeks Dangote’s help to develop 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. Chipoka Mulenga, who led a delegation from Zambia on tour of the 3.00 million metric tonnes Dangote Fertiliser plant in Nigeria at the weekend, called for a collaboration…
Glazer family set to sell Manchester United stake after Elon Musk’s joke
The owners of Manchester United, Glazer family, are set to sell part of their stake to reduce their control over the English Premier League club after Elon Musk joked about buying the team. Glazer family are reportedly willing to sell 49% stake to interested investors, as calls for their exit grows among Manchester United fans due to…
Elon Musk’s Invasion Of The Nigerian Internet Space
In a tweet on the 27th of May 2022, SpaceX C.E.O Elon Musk, announced that the Nigerian Communications Commission (NCC), had approved Starlink his internet exploration company’s satellite internet service. According to sources, the NCC granted six licenses to Starlink: Internet Service Provider (ISP) operational license, International Data Access (IDA) operational license, Full Gateway Operational…
DR. STELLA C. OKOLI. OON: AN ENIGMATIC AMAZON IN THE GLOBAL PHARMACEUTICAL INDUSTRY
Dr Stella Chinyelu Okoli, OON, is an accomplished Pharmacist, Industrialist and Philanthropist who has made immense contributions to Nigeria, Africa, and the world at large. In 1984 she incorporated Emzor Pharmaceutical Industries. Through handwork and perseverance, she has pioneered drug manufacturing and other allied health care areas in Africa, breaking the myth of the large…
“I WAS MORE ARTISTIC THAN MOST OF MY TEACHERS”
Let us know a bit more about you? I am Agozie Valentine Onwukwe, I’m a lawyer and a fine artist, who hails from Oji-River LGA, Enugu State, Nigeria. I went to Enugu State University of Science and Technology ESUT for my law degree, and after graduation, I attended my Bar part II program at Nigerian…
Dangote expects refinery project to boost Nigeria’s export earnings, foreign reserves
Aliko Dangote, the founder of Dangote Cement, said his crude oil refinery plant would help Nigeria solve its foreign currency scarcity and increase the country’s international reserves. Ikeanumba Africa had previously reported that Nigeria’s forex scarcity has lingered with foreign reserves growing slowly from $38.48 billion at the start of June to $39.1 billion at…