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Petrol production at Nigerian business tycoon Aliko Dangote’s $20bn (£15.5bn) state-of-the-art oil refinery ought to be some of the best business news Nigeria has had in years.
Aliko Dangote (born 10 April 1957) is a Nigerian businessman and industrialist. He is the first man who built a private refinery in Nigeria. Forbes estimate his net worth at US$ 11.6 Biilion and Bloomberg Billionaires Index US$28.1 billion, and ranked 197th and 67th richest individual in the world respectively.
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.
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The richest black person, Aliko Dangote, at the World Economic Forum, 2011 Black billionaires are individuals who are of predominantly African ancestry with a net worth of at least US$1 billion . According to the 2024 Forbes ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $13.9 billion and was the ...
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