Africa's richest man’s biggest bet: The $23 billion investment in Dangote Refinery
Reflecting on the decade-long journey to completion, Dangote told Forbes, “If this didn’t work, I was dead.”
Aliko Dangote
Forbes ranks Dangote as Africa’s richest man again as his $20 billion refinery shakes up global oil markets
Forbes’ latest valuation narrows the gap with Bloomberg’s estimate, though a discrepancy remains.
Africa’s richest man Aliko Dangote plans $400 million cement expansion in Ethiopia
The move is expected to double the facility’s annual capacity to 5 million tonnes, strengthening Dangote Cement Plc’s position as Africa’s leading cement manufacturer.
Aliko Dangote’s fortune rebounds: Africa’s richest man nears $30 billion
A surge in the market value of his stake in Dangote Cement, Africa’s largest cement maker, has added $800 million to his wealth in just three day.
Africa’s richest man, Aliko Dangote’s net worth grows by $201 million in 24 hours
With this latest boost, his year-to-date loss has narrowed to $461 million.
Refinery owned by Africa’s richest man set to hit full capacity in 30 days
The refinery last month announced plans to construct eight new crude storage tanks to secure a stable supply of imported oil.
Nigeria’s 10 richest businessmen in 2025
From cement and construction to telecoms and finance, Nigeria’s richest businessmen have built empires that extend far beyond the country’s borders.
Africa’s richest man, Aliko Dangote’s refinery exports jet fuel to Saudi Arabia
Dangote said the refinery, which began operations in early 2024, is steadily ramping up production, now reaching 550,000 barrels per day (bpd).
Africa’s richest man Aliko Dangote’s refinery cuts petrol price by 6 percent
The decision follows favorable shifts in the global energy market and a notable drop in international crude oil prices.
Forbes ranks two U.S. Black billionaires above Nigeria’s richest man, Aliko Dangote
While Forbes values Dangote’s wealth at $10.6 billion, Bloomberg’s estimate at $27.2 billion includes his stake in the Dangote Oil Refinery.
Africa’s richest man to gain indirect stake in Kenya’s largest fast-food chain after Actis sale
The deal, valued at an undisclosed amount, is awaiting approval from the COMESA Competition Commission.
Africa’s richest man, Aliko Dangote, loses $845 million in net worth during 3-day market decline
His 86 percent stake in Dangote Cement has taken a hit, with shares dropping from $0.31 at the start of the year to $0.25.
Africa’s richest man, Aliko Dangote, loses $455 million in 24 hours
The plunge in Dangote's wealth is largely attributed to a major sell-off in Dangote Cement shares on the Nigerian Exchange (NGX).
Refinery owned by Africa’s richest person to add new tanks for crude oil imports
Dangote Refinery is boosting storage capacity by 41.67%, adding 6.3 million barrels to ensure a stable imported crude oil supply.
Dangote Cement partners with Tetracore to boost auto CNG supply chain
The partnership is set to address the surging demand for CNG, driven by Dangote’s vast fleet and an expanding base of Auto CNG users nationwide.
Dangote’s wealth hits $28.1 billion, secures spot as world’s richest Black person
This feat places him 68th on the Bloomberg Billionaires Index, securing his position among the world’s top 100 richest individuals.