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Billionaires.Africa is the world's premier source of news and information on African billionaires and UHNWIs.
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News
Dangote's oil production arm targets 1.6 billion barrels
6+ day, 16+ hour ago (687+ words) West African Exploration and Production, 85% owned by Dangote, has contracted three jack-up rigs to begin drilling OML 71 and 72 in December. Aliko Dangote's upstream oil company has contracted three jack-up rigs and will start drilling in December, part of a plan…...
Dangote says import licences are squeezing his refinery
2+ week, 3+ day ago (401+ words) Dangote Refinery says imported petrol took 43% of Nigeria's market in July and that licences are still being issued despite ample local capacity. Aliko Dangote's refinery said imported petrol supplied about 43% of the Nigerian market last month and criticised regulators for…...
Dangote's refinery makes Nigeria a fuel exporter to Europe
2+ week, 4+ day ago (621+ words) The US Energy Information Administration says Nigeria's seaborne petroleum product exports have grown seven-fold since 2023, driven entirely by output from Aliko Dangote's Lagos refinery. Nigeria's seaborne petroleum product shipments averaged 561,000 barrels per day in the second quarter of 2026, compared with…...
Dangote's refinery supplied a fifth of Europe's jet fuel
1+ mon, 5+ day ago (530+ words) Aliko Dangote's refinery supplied roughly one in every five tonnes of jet fuel Europe imported in July. It did that with a broken heat recovery unit from the 10th of the month. The Lagos plant delivered more than 400,000 tonnes of jet…...
Dangote refinery seeks $5 billion in October listing
1+ mon, 1+ week ago (848+ words) Dangote's refinery aims to raise $5 billion in an October listing, with exchanges in Kenya, South Africa, Egypt, Ghana and Rwanda seeking a role. Aliko Dangote's oil refinery is seeking about $5 billion in an initial public offering expected to conclude in…...