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Femi Otedola

Time to sell depots as scraps, Otedola warns as Dangote rolls out petrol

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Businessman Femi Otedola has praised his friend Aliko Dangote as Dangote refinery begins to push out its products after months of delay. Dangote’s fuel from...
Aliko Dangote

Dangote refinery finally presents first petrol sample after months of delay

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President of Dangote Group Aliko Dangote on Tuesday presented the first sample of Premium Motor Spirit better known as petrol produced by his refinery. He...
Aliko Dangote

Dangote insists NUPRC yet to enforce domestic crude supply obligation

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Dangote Group has said that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is still reluctant to enforce the domestic crude supply obligation as contained...
Aliko Dangote

Dangote Refinery to sell 12.7% stake abandoned by NNPC – Fitch

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Credit rating agency Fitch has said that Dangote Refinery plans to sell a 12.7 per cent stake in 2024 for loan servicing. The stake on...
Aliko Dangote

Rating: GCR affirms Dangote Industries Limited AA+(NG)/A1+(NG)

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GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR,...
Femi Otedola and Aliko Dangote

Otedola, Dangote meet in France amid refinery row

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Businessmen Femi Otedola and Aliko Dangote have met in Monaco, France amid the latter's tussle with Nigeria's oil regulators over his refinery. Dangote paid a...
Aliko Dangote

Dangote scrambles to debunk report of reselling imported, Nigerian crude

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Dangote Group has moved swiftly to debunk claims of reselling shipments of crude oil from the United States and Nigeria. Reuters reported on Friday that...
Femi Otedola

Dangote often pays more taxes than top banks combined — Otedola

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Businessman Femi Otedola has called for support for the chairman of Dangote Group Aliko Dangote and his $20 billion refinery in Lagos. Dangote has been...
Akinwumi Adesina

Dangote, oil regulators’ saga sends bad signals about Nigeria – Adesina

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President of the African Development Bank (AfDB) Group Akinwumi Adesina has knocked oil regulators in Nigeria for the treatment given to Africa’s richest man...
Femi Otedola

Otedola defends friend Dangote over refinery row

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Businessman Femi Otedola has spoken in defence of his friend Aliko Dangote over the discord between the latter and oil regulators in the country. Since...