dangote

Dangote $2.5 billion fertilizer plant successfully completes production test run

The much-awaited $2.5 bn Dangote Fertilizer Plant has successfully completed its test run paving the way for the start of production in the world’s largest fertilizer plant. In a video widely circulated on social media, staffers at the facility were seen the facility congratulating the billionaire on his latest triumph. Baba Dangote congratulating staffers as …

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How Aliko Dangote planned to squeeze $30 billion profit from Nigeria in two years

At the beginning of 2020, Africa’s richest man Aliko Dangote told reporters he projected a turnover of $30 billion for his businesses over the next two years. At the time, his company – Dangote Group has an annual turnover of about $4 billion, and upon the completion and running of the refinery, fertilizer, petrochemicals and …

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Dangote $2.5 billion fertilizer plant given the all-clear to begin production next month

Dangote Urea Fertilizer Plant, the $2.5 billion investment owned by Africa’s riches man Aliko Dangote, has been given the all-clear to commence production anytime next month. The plant is part of the $12 billion Dangote refinery project that covers an area of 2,635 hectares on the Lekki Free Zone overlooking the Atlantic Ocean in Lagos. …

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Aliko Dangote Leads Forbes List of 18 Richest Billionaires in Africa For 2021

Nigerian business tycoon Aliko Dangote is the richest man in Africa, leading the latest Forbes’ Africa Billionaires List for 2021 with a net worth of $12.1 billion. The 63-year-old, who is currently embroiled in a weird sex scandal is maintaining the richest man in Africa, and the richest black man on earth title for the …

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Dangote Refinery: 7 Important Facts and Figures you Should Know

The Dangote oil refinery is an ambitious project being undertaken by Africa’s richest man Aliko Dangote. when complete, the refinery will have the single biggest impact on Nigeria’s economy as it is expected to be a lasting solution to the country’s heavy dependence on the importation of petroleum products for domestic consumption. Earlier in November, …

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Dangote Oil Refinery And Petro-Chemical Complex, Explained

Upon completion, the Dangote oil refinery will have the capacity to refine 650, 000 barrels of crude oil a day making it Africa’s biggest oil refinery and the world’s biggest single-train facility. It will also be producing fertilizer as well as other petrochemical products. The facility is projected to create 70,000 jobs and save Nigeria …

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