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The Latest Breaking News from Aliko Dangote

Africa's richest man's first business was selling sweets at school, now Aliko Dangote is wealthier than China's Jack Ma and Amazon co-founder MacKenzie Scott

Africa's richest man, Aliko Dangote, saw his net worth significantly increase after the Dangote Refinery IPO. The massive oil facility is now available to investors on the Nigerian Exchange. This offering aims to raise approximately 2.15 trillion Naira for the refinery. The refinery's equity is valued at around 63 trillion…

The Economic Times

Nigeria's Dangote refinery launches biggest African IPO

Africa’s richest man Aliko Dangote on Monday launched an IPO for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across the continent. The offering values Africa’s largest refinery at about $49 billion and has drawn both strong investor interest and concerns over its high valuation.

France 24

Nigeria's Dangote refinery kicks off blockbuster IPO

Nigerian billionaire Aliko Dangote launched the biggest-ever share sale on the African continent, listing 4.1 billion shares in his Lagos refinery on the stock exchange. He framed it as a "people's IPO" to give all Nigerians a chance to share the plant's wealth potentials. Trading is expected to start in…

France 24

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Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO

Public offering of Aliko Dangote’s Nigerian oil refinery business could swell his net wealth by two-thirds

The Guardian - UK

Africa's biggest oil refinery opens to public ownership, sparking excitement among retail investors

Aliko Dangote, Africa's richest man, is opening a portion of his refinery to public ownership in Africa's biggest initial public offering

The Independent UK

'Historic day' for Nigeria as Dangote oil refinery launches IPO

Nigerian billionaire Aliko Dangote on Monday launched what is slated as Africa's biggest initial public offering (IPO), which aims to raise $1.6 billion (€1.3 billion) to expand his mega oil refinery to become the world's largest.

Radio France Internationale

Nigeria's Dangote refinery launches continent's biggest IPO

Nigerian billionaire Aliko Dangote on Monday launched what is slated to be Africa's biggest initial public offering (IPO), aiming to raise $1.6 billion in part to expand his mega oil refinery into the world's largest.

France 24

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Refinery rivalry: billion-dollar oil projects expose East Africa’s long-running regional tensions

East Africa, a region that has been working to deepen economic integration for more than 25 years, has a history of disagreements about the location of energy infrastructure. Uganda discovered oil in 2006 with the potential to pump an estimated 210,000 to 230,000 barrels of oil per day at peak…

The Conversation

Aliko Dangote is leaving one-third of his $35 billion fortune 'to humanity'—a rare move among Africa's billionaires

The pledge amounts to roughly $11.6 billion at today's valuation, and could grow far larger once his oil refinery goes public.

Fortune

Africa’s richest billionaire plans to donate one-third of his $36bn wealth to charity

Africa's richest man, Aliko Dangote, will donate one-third of his wealth to charity. This significant philanthropic commitment is part of his succession plan. His daughter, Halima Dangote, revealed this plan in a recent interview. The billionaire's fortune is valued at approximately $36.5 billion. This donation aims to embed philanthropy into…

The Times of India

Greenpeace Africa demands halt to $17bn Kenya coastal oil refinery

Climate rights group Greenpeace Africa has called for a halt to a proposed oil refinery project by Africa's richest man, Aliko Dangote, in Kenya's coastal region, warning of the environmental risks.

Radio France Internationale

Dangote-backed mega refinery sparks east African competition {Business Africa}

From a domestic game-changer to a cross-continental empire, how does one group intend to power the future of Africa? We are here with Aliko Dangote himself.

Euronews

Meet Aliko Dangote: How a trader’s son turned a $500,000 family loan into a $32.7 billion African empire

Aliko Dangote’s business expansion into East Africa, now linked to proposed pipeline corridors through Ethiopia and Djibouti, is often discussed in terms of scale and strategy. But the deeper story behind these moves stretches far beyond recent headlines. It is tied to a long, uneven journey that began in a…

The Times of India

From uncle's loan in 1977 to $36.8 billion today: The story of a quiet African titan reshaping global energy from Lagos

Aliko Dangote is widely regarded as Africa’s richest businessman and one of the most influential industrialists in the world. His journey began in 1977 when he started trading cement with a small loan from his uncle after completing college. Born on April 10, 1957, in Kano, Nigeria, he gradually built…

The Economic Times

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The Guardian - UK

Nigerian refinery accused of sacking union members is key to UK plan to tackle jet fuel shortage

Heidi Alexander says part of answer to strait of Hormuz crisis is importing more fuel from US and west Africa

The Independent UK

Nigerian billionaire plans expansion of Africa's biggest oil refinery

Africa’s largest refinery is seeking to expand its capacity to 1.4 million with a goal of becoming the world’s largest refinery

International Business Times

Five Things To Know About Nigeria's Oil Sector

Africa's biggest oil refinery will on Friday start direct and free shipping of fuel to retailers in Nigeria, a move expected to disrupt the oil sector in the continent's largest crude producer.

International Business Times

Nigeria's Dangote Refinery Caught Between Promise And Reality

When will gasoline from Nigerian tycoon Aliko Dangote's mega-refinery finally flood the home market?

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The Independent UK

Lawmakers in Nigeria try to resolve rift between authorities and Africa's richest man

Nigerian legislators have begun an investigation into the alleged importation of contaminated fuel into the country, part of efforts to resolve issues causing a rift between an oil refinery owned by Africa’s richest man Aliko Dangote and the industry regulator

The Guardian - UK

‘There is nowhere to fish any more’: life in the shadow of Nigeria’s biggest industrial complex

The oil refinery and fertiliser plant just outside Lagos promised jobs and prosperity, but people complain of evictions, loss of livelihoods and health effects

Top News

Africa's Largest Oil Refinery Begins Production in Nigeria

Africa's largest oil refinery in Nigeria has begun production, potentially boosting the region's refining capacity and reducing reliance on imported petrol...

The Independent UK

Africa’s biggest oil refinery begins production in Nigeria with the aim of reducing need for imports

Africa’s biggest oil refinery has begun production in Nigeria after a yearslong wait

Radio France Internationale

Africa's biggest fuel refinery starts production in move toward self-sufficiency

Nigeria's long-awaited Dangote refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of delays. The plant, the largest of its kind in Africa, is expected to supply not only Nigeria but other countries in West Africa – potentially transforming the region's oil trade.

The Guardian - UK

UK government under fire for investing overseas aid in fossil fuel firms

Taxpayer’s money also going to companies found to be flouting human rights in Kenya and DRC, says Commons committee

France 24

Nigeria opens Africa's biggest oil refinery in drive to self-sufficiency

Nigeria has opened an oil plant billed as Africa's largest refinery. Outgoing President Muhammadu Buhari inaugurated the new facility in Lagos, calling it a "game-changer". With a capacity of 650,000 barrels a day, the $19 billion plant built by Aliko Dangote – Africa's wealthiest man – could help Nigeria's drive…

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