Nigerian business magnate Aliko Dangote has announced plans to list his $20 billion oil refinery on the Nigerian Exchange Limited (NGX). This move marks a significant step forward for Dangote Industries, Africa’s largest conglomerate. In a recent interview with the Financial Times, Dangote confirmed that the company has overcome challenges related to crude oil supply,…
Petroleum products from Dangote Refinery, with capacity to refine 650,000 barrels of crude oil per day, will be supplied to the Nigerian market by July, the Chairman of Dangote Group has revealed. The refinery was designed to process variety of crudes, including many African crudes, some Middle Eastern crudes, and U.S Light Tight Oil. Some…
The Dangote Refinery will be inaugurated by President Muhammadu Buhari on May 22, 2023, the special assistant to the president on digital communications, Bashir Ahmad, announced this in a tweet on Sunday. “Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in…
