The President of the Dangote Group, Alhaji Aliko Dangote, has said that the Dangote Refinery was constructed without any government incentives. Dangote made this known on Tuesday during his keynote address at the Crude Oil Refinery Owners Association of Nigeria, CORAN, Summit in Lagos. The Summit has the theme, “Making Nigeria a Net Exporter of … Read more
Can Dangote Survive The Slippery Oil Sector ? Until recently, Alhaji Aliko Dangote has always enjoyed every government in power. As a matter of fact, he enjoyed a lot of free excise duties under the immediate past administration of President Muhammadu Buhari, which did not only boost his business but also help him to monopolise … Read more
Eko Hot Blog reports that Anambra South Senator, Ifeanyi Ubah, has hinted on the possibility of a reduction in the pump price of petroleum products. Addressing journalists on Thursday, the lawmaker disclosed that when oil refineries in Nigeria start operating at full capacity, the price of fuel will reduce. He said that fixing the refineries … Read more
Eko Hot Blog reports that Aliko Dangote, the founder of Dangote Group, has disclosed that criminal organizations, which he referred to as “mafia,” have made numerous attempts to sabotage his $19 billion refinery project in Lagos. Speaking at the Afreximbank Annual Meetings, Dangote compared the oil cartels to a mafia stronger than the drug mafia, … Read more