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Dangote has made his problem our problem as a nation… and whether we like it or not, Nigeria cannot afford for him to fail.” From cement to a $20B refinery, Aliko Dangote has done what NNPC couldn’t in four decades. But should one man carry the weight of Nigeria’s...

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Nairametrics

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39,516 просмотров • 10 месяцев назад •via X (Twitter)

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DANGOTE REFINERY TARGETS SEPTEMBER IPO LAUNCH President of Dangote Group, Aliko Dangote, says the Dangote Refinery is targeting a September launch for its Initial Public Offering, IPO, following what he described as overwhelming investor demand running into billions of dollars. Dangote disclosed this during a visit by the management of First Bank to the refinery complex in Lagos, where discussions centred on investment opportunities and the future growth of the refinery business. Arise News Correspondent Oluwatosin Balogun filed in this report.
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DANGOTE REFINERY TARGETS SEPTEMBER IPO LAUNCH President of Dangote Group, Aliko Dangote, says the Dangote Refinery is targeting a September launch for its Initial Public Offering, IPO, following what he described as overwhelming investor demand running into billions of dollars. Dangote disclosed this during a visit by the management of First Bank to the refinery complex in Lagos, where discussions centred on investment opportunities and the future growth of the refinery business. Arise News Correspondent Oluwatosin Balogun filed in this report.

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"Nigeria 🇳🇬 has been a producer of oil for all the years that we know. Yet when you go to Nigeria, there were queues of people looking for fuel at petrol stations for a long time until one African stepped forward and built a refinery, Aliko Dangote.“ ~ Kenya President, William Ruto says
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Aliko Dangote drops the big news: His company has climbed to the world’s No. 2 spot in both cement and fertilizer production. He says 37% of their fertilizer now goes straight to the US, making it one of Africa’s strongest export products. And the shocker — the Dangote Refinery is now producing 250,000 barrels per day more than Saudi Aramco, placing it among the biggest refineries on the planet.

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“If you don’t invest in your own country, how do you expect others to?” — Aliko Dangote Africa can’t afford to keep exporting raw minerals and importing finished goods. As Dangote puts it, we’re exporting jobs and importing poverty. The real key to making Africa great? Process our resources here, create jobs here, and keep the wealth within the continent.

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"Nigeria has been a producer of oil for all the years that we know. Yet when you go to Nigeria, there were queues of people looking for fuel at petrol stations for a long time until one African stepped forward and built a refinery, Aliko Dangote. The solution wasn't in Europe, it wasn’t in Asia. The solution was in Nigeria." — President William Ruto
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"Nigeria has been a producer of oil for all the years that we know. Yet when you go to Nigeria, there were queues of people looking for fuel at petrol stations for a long time until one African stepped forward and built a refinery, Aliko Dangote. The solution wasn't in Europe, it wasn’t in Asia. The solution was in Nigeria." — President William Ruto

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I Don't See the Significant Impact Dangote Refinery Will Have on Petrol Price - Oluwafemi As much as Dangote Refinery has been met with so much positivity regarding supply, it's sad that NNPCL who use to run four refinaries in Nigeria, is queuing to lift PMS from a private Refinery. The back and forth we have witnessed in the past week is symbolic of how powerful commodity traders are globally, and the Dangote refinery will, unfortunately be no different Akinbode Oluwafemi Director, Corporate Accountability and Public Participation Africa (CAPPA)

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