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Dangote: IPO Will Give Drivers, Cooks and Other Nigerians Stakes in Refinery

President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, on Monday declared that the Initial Public Offering (IPO) of the 650,000-barrels-per-day Dangote Refinery would give ordinary Nigerians an opportunity to buy shares in the facility. Dangote made the declaration while delivering the opening speech at the signing ceremony in Lagos on Monday. “What […]

Dangote: Africa Must Take Bold Steps to Earn Global Respect

President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has called on Nigeria and other African countries to take bold steps to drive change and prosperity across the continent. Dangote said Africa must take deliberate steps to develop its economy and strengthen its institutions if it wants Europe and other continents to take […]

Global tensions may hit Nigeria hard, says Dangote as he hails Tinubu’s diplomatic wins

Foremost industrialist, Alhaji Aliko Dangote, has warned that escalating tensions in the Middle East, which are driving volatility in global oil markets, could have far-reaching consequences for Nigeria and other African economies. Dangote spoke on Monday in Lagos after a courtesy visit and Eid-el-Fitr homage to President Bola Tinubu. He said the visit was intended […]

Dangote, Ojulari Affirm Strategic Partnership to Expand Refinery Operations

President of the Dangote Group, Aliko Dangote, and the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bayo Ojulari, on Saturday reaffirmed their commitment to deepening collaboration to strengthen operations at the Dangote Refinery, expand its capacity, and enhance Nigeria’s energy security. The commitment followed a tour of the […]

ICPC Insists on Probe of Ex-NMDPRA Boss Despite Dangote’s Petition Withdrawal

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said it will continue its investigation into the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Ahmed Farouk, despite the withdrawal of a petition filed by Mr. Aliko Dangote. The Commission confirmed that it had received a notice […]

ICPC Invites Dangote Over Petition Against Former NMDPRA Boss

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has invited Africa’s richest man, Mr. Aliko Dangote, to appear before a panel of investigators in Abuja over a petition he submitted against a former top government official. Mr. Dangote had petitioned the commission against Mr. Ahmed Farouk, the former Managing Director of the Nigerian […]

Farouk Ahmed Resigns as NMDPRA MD, Dismisses Dangote’s Corruption Allegations as ‘Wild and Spurious

Mr. Farouk Ahmed has resigned as Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) amid corruption allegations levelled against him by the Chairman of the Dangote Group, Mr. Aliko Dangote. The resignation was confirmed on Wednesday by the Presidential spokesman, Mr. Bayo Onanuga, who also disclosed that Mr. Gbenga Komolafe has […]

ICPC Confirms Receipt of Dangote’s Petition Against NMDPRA CEO, Vows Investigation

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said it will investigate allegations made by Mr. Aliko Dangote against the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Ahmed Farouk. Mr. Dangote, Chairman of the Dangote Group, on Tuesday submitted a petition to the commission, accusing […]

Dangote Petitions ICPC Over Alleged Corruption by NMDPRA Chief, Ahmed

The Chairman of Dangote Group, Mr. Aliko Dangote, has petitioned the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over alleged corruption and financial impropriety by the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Ahmed Farouk. The petition, dated December 16 and submitted through Mr. Dangote’s lawyer, Chief […]

Dangote Accuses NMDPRA CEO Farouk Ahmed of Corruption, Seeks CCB Probe

The Founder and President/Chief Executive of the Dangote Group, Mr. Aliko Dangote, has accused the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Farouk Ahmed, of corruption, and has called for an investigation by the Code of Conduct Bureau (CCB). Mr. Dangote made the allegation on Sunday during a […]

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