Governor Babajide Sanwo-Olu has commended the Dangote Foundation for its substantial donation aimed at alleviating the economic struggles faced by Lagos residents. The foundation’s contribution of 80,000 10kg bags of rice and 4,500,000 loaves of bread is part of a broader national food intervention programme. During the programme’s launch at Lagos House, Ikeja, Sanwo-Olu highlighted Read More…
Dangote’s 650,000 barrels per day (bpd) oil refinery being built in Nigeria is due to begin production by the fourth quarter of 2022, Group Executive Devakumar Edwin said on Sunday. “75% hydraulic testing … as well as 70% of electrical cable fitting have been completed preparatory to the completion of the refinery in the fourth Read More…
The African Development Bank President (AfDB), Dr. Akinwumi Adesina, has described the $19.5 billion Dangote oil refinery and petrochemical plant projects as a “game-changing initiative” that will spur Africa’s development and deepen regional integration, while on a tour on Saturday of the partially bank-funded project. The complex will create 38,000 jobs during construction. According to Read More…
The financing troubles of what may soon be Africa’s largest refinery have been taken to global oil big players for assistance. Reuters News Agency reports that Africa’s richest man Aliko Dangote is currently in talks with some of the world’s biggest oil traders to help finance his mega refinery project outside of Nigeria’s commercial centre Read More…
Dangote Refinery is adding 17,000 more jobs to its workforce over the next few months. This was revealed by the President/Chief Executive, Dangote Industries Ltd., Alhaji Aliko Dangote, in a statement signed by the Group Head, Corporate Communications, Dangote Group, Mr Anthony Chiejina, on Sunday in Lagos. According to the statement, the refinery intends to Read More…
In picture above: A worker walks past storage tanks at Dangote oil refinery in Ibeju Lekki district, on the outskirts of Lagos, Nigeria August 7, 2019. Picture taken August 7, 2019. REUTERS/Temilade Adelaja Four oil firms including Nigeria’s state-oil company have approached Dangote Industries to acquire a stake in Africa’s largest oil refinery, a senior Read More…