MRS, majority owned by Dangote’s half-brother Sayyu Dantata, rakes in $203 million revenue
The growth was fueled by higher sales of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Aviation Turbine Kerosene (ATK), and lubricants.
Aliko Dangote
After Saudi shipment in February, Aliko Dangote’s refinery sends jet fuel to the U.S.
Beyond the local market, the refinery has expanded its reach across Africa, supplying diesel and aviation fuel to Cameroon, Angola, Ghana, and South Africa.
5 investment strategies by Africa’s richest man, Aliko Dangote
Dangote's empire thrives on diversification, with investments spanning cement, sugar, and oil refining, ensuring stability and long-term growth amid economic fluctuations.
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Burkina Faso opens new cement plant with Chinese support, challenging Dangote’s operations
With a production capacity of 2,000 tonnes per day, the new plant is expected to create hundreds of jobs for Burkina Faso’s youth.
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7 banks backed by African billionaires
With deep pockets and a sharp eye for opportunity, billionaire-backed banks are making a mark in corporate finance, wealth management, and financial inclusion.
Africa’s richest man Aliko Dangote’s refinery halts petroleum products sales in naira
The decision follows a major policy shift by NNPC, which scrapped the naira-for-crude oil swap deal just ten days ago.
Africa’s richest man Aliko Dangote unveils new industrial projects in Nigeria
Aliko Dangote plans to build Nigeria’s largest seaport at the Olokola Free Trade Zone and resume work on a delayed 6-million-ton cement plant in Ogun.
Aliko Dangote’s refinery, others under pressure as NNPC ends naira-for-crude deal
The move is expected to drive up operational costs and could lead to higher fuel prices.
Dangote plans new HQ in Eko Atlantic as FirstBank builds West Africa’s tallest tower
“I will be here very soon,” Dangote said, addressing fellow billionaire Femi Otedola. “And I want to congratulate you on this groundbreaking ceremony.”
Africa’s richest man set to pocket nearly $300 million in cement dividends
Inside Africa’s richest man’s payday from his cement empire, Dangote Cement Plc.
Cement empire of Africa’s richest man posts $2.4 billion in 2024 revenue
Revenue from its Nigerian unit rose from N1.29 trillion ($860.6 million) to N2.19 trillion ($1.46 billion), helped by higher cement prices.
Africa’s richest man slashes petrol prices in Nigeria by 13 percent in 2025
This aligns with Nigeria’s broader economic recovery efforts under President Bola Ahmed Tinubu and aims to ease financial pressure on consumers.
Africa’s richest man Aliko Dangote is $213 million richer this year
The increase is tied to his 86 percent stake in Dangote Cement Plc, Africa’s largest cement producer, which has gained nearly $200 million in value this year.
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.”
