BY MOTOLANI OSENI Investors are closely watching Dangote Cement Plc as its market valuation steadies at N7.424 trillion on the Nigerian Exchange ahead of a proposed N30 per share dividend, which is set for distribution on June 23, 2025, pending shareholder approval. The company’s board has recommended the payout based on its strong 2024 earnings, […]
The federal government of Nigeria and Dangote Industries Limited have called for localized production and patient capital to unlock Africa’s economic potential. This message was emphasized during the African Private Capital Association (AVCA) Week held in Lagos from April 28 to May 2, 2025. Keynote addressed were delivered by the Minister of Industry, Trade and […]
Dangote Cement Plc has declared profit after tax of N209.245 billion for the first three months of the year ended March 31, 2025. The Q1 unaudited results of the Company revealed profit after tax rose by 85.7 per cent to N209.245 billion from N 112.674 billion in Q1, 2024, while earnings per share up by […]
By AYOBAMI OMOLE-IYAGIN In a significant step, the Dangote Packaging Limited, DPL, has commissioned some state-of-the-art machinery to enhance its production capabilities. At the commissioning of the machinery on Wednesday, the Managing Director/Chief Executive Officer, DPL, Sai Prakash explained the salient features of the new machinery and described them as the latest ‘state of the […]
By Emma Okereh Dangote Refinery has crashed its petrol loading price from ₦825 to ₦815 per litre, intensifying competition in Nigeria’s oil market. The crash holds the potential for lower pump prices. This latest adjustment, effective Thursday, is part of the ongoing rivalry in the country’s downstream oil sector. This price cut follows a previous […]
BY MOTOLANI OSENI Dangote Petroleum Refinery is playing a key role in Nigeria’s oil sector revival, marked by the first quarterly growth in five years. The Nigerian oil refining sector saw a notable 9.59 per cent real GDP expansion in the fourth quarter of 2024, a significant rebound after years of contraction. This growth is […]
BY MOTOLANI OSENI Dangote Petroleum Refinery & Petrochemicals has reviewed downwards the cost of its diesel product to N1,020 per litre from N1,075 per litre in an effort to better serve its customers and Nigerians in general. Since it began diesel production in January 2024, the refinery has reduced the price of diesel more than […]
BY ANDREW OROLUA A Federal High Court in Abuja will rule on the objection filed by Nigeria National Petroleum Company Limited (NNPCL) on March 18 as the company insisted the Court lacked jurisdiction to entertain a suit filed by Dangote Refinery challenging the issuance of petrol import licenses to five companies. Nigeria National Petroleum Company […]
Aliko Dangote, President of Dangote Industries Limited, has commended President Bola Tinubu for facilitating the implementation of the crude-for-naira deal, which he credited with reducing petroleum product prices across Nigeria. In a statement shared with DAILY POST, Africa’s richest man emphasized his dedication to providing Nigerians with high-quality and affordable petroleum products. Highlighting the role […]
Dangote Petroleum Refinery and Petrochemicals has advised Pinnacle Oil and Gas Limited that deregulation should not be used as a justification for the importation of off-spec petroleum products or the undermining of Nigeria’s national interests. The refinery made this statement in response to remarks by Robert Dickerman, CEO of Pinnacle Oil and Gas Limited, concerning […]
Dangote Refinery has disclosed that it sells petrol at N990 per litre to trucks and N960 per litre to ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) claim of importing the products at cheaper rates compared to that of Dangote. The […]
In a recent high-level meeting, Aliko Dangote praised the progress made in advancing Nigeria’s crude oil sales and refining initiative, which allows for crude transactions in naira and enables local refiners to sell petroleum products to the Nigerian public. Dangote reflected on the insights shared by the chairman of the committee overseeing the Naira crude […]
BY TEMITOPE ADEBAYO Dangote Cement Plc has made significant investments exceeding $280 million in compressed natural gas (CNG) technology and infrastructure in a demonstration of its support for President Bola Tinubu’s CNG Initiative, which aims to provide cheaper and cleaner fuelling alternatives for all Nigerians. Tinubu, who nurses strong commitment to CNG deployment and clean […]
BY TUNDE OPALANA Leaders of the South South geopolitical zone congratulated and commended Alhaji Aliko Dangote, GCON on the successful completion of the Dangote Refinery and the rollout of Premium Motor Spirit (PMS) as well as the commencement of supply to the entire country starting from 15th October, 2024. The zone said that Alhaji Dangote’s […]
BY IDIBIA GABRIEL The Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, has announced the donation of N2 billion to assist those affected by the recent devastating flood in Maiduguri, Borno State capital. Dangote explained that while the Presidential Committee on Flood and Disaster, which he chairs, has committed 1 billion naira, the Dangote […]
Dangote Group of Companies has been commended for its unwavering commitment to corporate social responsibility and support to host communities, particularly during this period of economic hardship. Three community groups – Obajana Development and Peace Club, Benue Youth Alliance for Good Governance and Lekki Development Initiative – issued a joint press statement to express their […]
The Situation Room on Energy Sustainability, a coalition of civil society organizations, has commended the President of Dangote Group, Alhaji Aliko Dangote, on the resumption of Premium Motor Spirit (PMS) production in Nigeria for the first time in almost three decades. In a statement signed by Dr. Ikenna Nnaji, the group described the milestone achievement […]
The Benue Youth Alliance for Good Governance (BYAGG) has vowed to resist the alleged plot by the State government to frustrate Dangote Cement PLC out of the state. The group claims that Governor Hyacinth Alia’s administration plans to use multiple taxation and thugs to harass staff and frustrate the company’s operations. BYAGG president, John Yiye, […]
There seems to be a huge partition between Nigerian industrialist Alhaji Aliko Dangote and other Nigerian economy drivers. His visionary gait and purposefulness are fixated on recreating the essentials required to prop up the depleting economic fortune of Nigeria amidst contending voices. Since 1977, when he ventured into business, trading in agricultural commodities and engaging […]
BY TEMITOPE ADEBAYO Dangote refinery is repositioning to raise production to 550,000 barrels per day (bpd) this year, equivalent to 85 per cent of capacity. The refinery is already looking towards importing crude from Libya because it needs to increase crude imports due to insufficient domestic supplies. Chief Executive of Dangote Group, Aliko Dangote said, […]