Tag: DANGOTE

“Come up with solutions to economic challenges” – Tinubu charges ?angote, Elumelu, others

Aminu Imam
Tinubu charges PECC

President Bola Tinubu has challenged members of Presidential Economic Coordination Council, (PECC), to come-up with innovative solutions to the country’s economic challenges to strengthen the economy. Speaking during the inaugural of the 31-member Council at the Council Chambers in Abuja, Tinubu, who chairs the Council, underscored the need for innovative solutions to the country’s economic challenges. He also inaugurated the ‘Economic Stabilisation Programme‘, aimed ensuring food security, improved power supply, enhanced social welfare and healthcare, increased energy production, and overall economic transformation, while  noting the importance of public-private-partnerships (PPP) in…

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Marketers distribute 25m litres of ?angote diesel

Aminu Imam
Dangote diesel

Independent marketers have lifted and distributed over 25 million litres of Automotive Gas Oil, (AGO), popularly called diesel, produced by the ?angote Petroleum Refinery in less than three months after the plant started releasing AGO to the market. It was also gathered on Saturday that the registration of oil marketers with the $20bn firm was still on-going, as more dealers register with the plant ahead of its readiness to push out Premium Motor Spirit, otherwise known as petrol, into the domestic market in July. The Independent Petroleum Marketers Association of…

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?’?Petroleum Ministry unaware ?angote imports crude from US’ – Minister

Aminu Imam
?'?Petroleum Minister of State

?Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri, has said the  Federal Government was unaware that ?angote Refineries imports its crude oil from the US. The Minister stated this in Abuja on Thursday, during the Ministerial Sectoral Updates as part of activities to mark President Bola Ahmed Tinubu’s one year in office. The Minister said the country is blessed with enough crude to supply all the refineries in the country, including the modular ones. The first session of the Sectoral Briefing was attended by the Minister of Budget and…

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Economic Growth: Dangote partners Govt, advocates commitment to local content values

Abdul-Azeez Ahmed Kadir

As the 45th Kaduna International Trade Fairs progresses, the Dangote group said it is partnering Kaduna State Government for economic growth and development, while advocating for commitment to deepening local content values across various business sectors                                                                                      Hajiya Fatima Wali-Abdurrahman, representative of the group made this assertion in Kaduna at the trade fair complex, Kaduna-Zaria road. She stressed that the theme of this year’s Trade Fair, “Sustaining Economic Recovery Through Deepening Local Content Values,” resonates deeply with the vision and mission of the Dangote Group, and find it a pleasure…

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?angote Refinery to start with 350,000bpd crude – President/CEO

Aminu Imam

President/Chief Executive Officer, ?angote Group, Aliko Dangote, has said that the $20bn ?angote refinery in Lekki, Lagos would start with the refining of 350,000 barrels per day of crude oil. ?angote, who disclosed this during an interview with the Financial Times of London, also stated that the refinery would receive about six million barrels of crude in December 2023. “We’re starting with 350,000 barrels a day, “?angote told the Financial Times, adding that a deal had already been clinched for the “first cargo of about 6mn barrels” for delivery next…

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Billionaire’s War: ?angote, AbdulSamad renew rivalry, trade words

Aminu Imam

Two years after the former governor of Kano State and current National Chairman of the All-Progressives Congress (APC), Abdullahi Umar Ganduje, brokered truce between the President of ?angote Group, Aliko Dangote and Chairman of BUA Group, AbdulSamad Rabiu, the duo has renewed their rivalry. Elder Statesman and business mogul, Aminu Alhassan ?antata, reportedly played a key role in making the settlement see the light of the day. ?angote and Rabiu, both from Kano, are powerful businessmen not just in Nigeria and the African continent, but across the world. Through their…

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?angote, AbdulSamad Rabiu, Adenuga richer than 83m Nigerians put together – Oxfam Int’l

Aminu Imam

A new report released by a global confederation against poverty, Oxfam International, has revealed that the three richest men in Nigeria have more wealth than 83 million citizens. Oxfam released the global inequality report at the start of the annual World Economic Forum (WEF) meeting in Davos, Switzerland. In the document, titled: ‘Survival of the Richest’, the international non-governmental organisation (NGO) said the wealth of Nigerian billionaires has grown by a third since the start of the Covid-19 pandemic without a corresponding increase in health budgets. It also said the richest…

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Gombe Governor pays condolence visit to Aliko Dangote over death of brother, Sani Dangote

Aminu Imam

Earlier today, Gombe State Governor, Muhammadu Inuwa Yahaya, (Dan-Majen Gombe), paid a condolence visit to the Founder/ President of Dangote Group of Industries, Alhaji Aliko Dangote, at the corporate headquarters of his company in Lagos, over the demise of his brother and Vice President of the conglomerate, Alhaji Sani Dangote, who died recently. Governor Yahaya, was accompanied by the Chief of Staff Government House, Gombe, Alhaji Abubakar Inuwa Kari; APC chieftain, Alhaji Abubakar Mu’azu (Yariman Kashere) and Special Adviser, Abuja Liaison, Hon. Usman Aliyu Garry. The Governor, who conveyed the…

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Dangote Refinery: FEC approves acquisition of 20% minority stakes

Abdul-Azeez Ahmed Kadir

The Federal Executive Council (FEC) has approved the acquisition of 20 per cent minority stakes by the Nigerian National Petroleum Corporation (NNPC) in the Dangote Petroleum and Petro-Chemical Refinery. Timipre Sylva, Minister of State for Petroleum Resources, briefed State House correspondents after the virtual FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa. Sylva said the acquisition was in the sum of 2.76 billion dollars. He said that council also approved contracts for the rehabilitation of Warri and Kaduna refineries. “The FEC, today, approved…

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