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Petrol production at Nigerian business tycoon Aliko Dangote’s $20bn (£15.5bn) state-of-the-art oil refinery ought to be some of the best business news Nigeria has had in years.
The Dangote Refinery is an oil refinery owned by Dangote Group that was inaugurated on 22 May 2023 [1] in Lekki, Nigeria. When fully operational, it is expected to have the capacity to process about 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world.
Today, the Dangote Group is a diversified conglomerate, headquartered in Lagos, with interests across a range of sectors in Africa. [9] [10] Current interests include cement, sugar, flour, salt, seasoning, pasta, beverages and real estate, with new projects in development in oil and natural gas, telecommunications, fertilizer and steel.
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.
The Dangote Refinery, expected to open during the fourth quarter of 2022 [30] will have a daily refining capacity of 650,000 barrels (103,000 m 3), increasing Nigeria's refining capacity to over 1,000,000 barrels (160,000 m 3) per day. [31]
As Russian troops approached Dniprorudne in their February 2022 invasion of Ukraine, the city's long-term mayor Yevhen Matvieiev could have fled to safety. Instead, he stayed behind to coordinate ...
Aliko Dangote (born 10 April 1957) is a Nigerian businessman and industrialist. He is the first man to build a private refinery in Nigeria. Forbes estimates his net worth at US$10.7 billion and Bloomberg Billionaires Index at $27.1 billion, and ranked 225th and 70th richest individual in the world respectively in 2025.
Canada's government on Monday proposed C$1.3 billion ($913.05 million) for border security after U.S. President-elect Donald Trump threatened tariffs unless Canada reduced the movement of migrants ...