The Nigerian stock market closed on a positive note Wednesday, adding N1.185 trillion to its value. Market capitalisation surged by 1.57 per cent to reach N76.761 trillion, up from N75.576 trillion recorded on Tuesday. Similarly, the All-Share Index (ASI) rose by 1,466.87 points, or 1.22 per cent, settling at 121,257.69 from its previous close of…
A planned nationwide rollout of Premium Motor Spirit (PMS) distribution by Dangote Petroleum Refinery has been met with praise from fuel marketers and citizens alike, as anticipation grows over the potential to address Nigeria’s long-standing fuel distribution crisis. The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Rivers State commended the initiative, describing it as…
In a major milestone for Nigeria’s energy sector, Dangote Petroleum Refinery has revealed plans to begin distributing petrol and diesel across the country starting 15 August 2025, signalling a pivotal step towards energy self-sufficiency. The announcement was made in Lagos on Sunday by refinery spokesperson Anthony Chiejina, who disclosed that the company had purchased 4,000…
In a continued effort to support Nigeria’s most vulnerable populations, the Dangote Foundation has donated 30,000 bags of rice to the Oyo State Government. The gesture forms part of the foundation’s national food relief programme aimed at tackling hunger among disadvantaged groups. At a handover event in Ibadan on Wednesday, Mr Victor Ejiro, Head of…
Dr Titus Okunronmu, a former Director, Budgetary Department of Central Bank of Nigeria (CBN), has commended the Dangote Refinery for reducing pump price of petrol from N885 to N870. Okunronmu made the commendation in an interview with the News Agency of Nigeria (NAN) in Ota,Ogun on Tuesday. NAN reports that Dangote Refinery had on May…
A pan-African investor, Aliko Dangote, and Dangote Industries Limited have achieved another historic milestone and have been named the Most Admired African Brand. They garnered three prestigious accolades at the 15th annual Brand Africa 100 awards at the iconic Africa Hall in Addis Ababa, Ethiopia—the birthplace of the Organisation of African Unity (OAU), now the…
Nigeria’s business mogul, Aliko Dangote has emerged as one of the global figures to feature in TIME Magazine100 Philanthropy list for 2025 following his exploits and investment in sectors that have benefited huge numbers of people and his immense philanthropic disposition around Africa and the world. Aliko Dangote’s business philosophy is premised on ‘Giving back…
Dangote Petroleum Refinery & Petrochemicals has assured Nigerians of petrol price stability despite ongoing fluctuations in global crude oil prices. The company emphasised its commitment to maintaining affordable and reliable fuel prices, even as crude prices rise internationally, nothing that despite the fluctuations in global crude oil prices, it has consistently reduced the price of…
Gov Abdullahi Sule of Nasarawa State has urged Dangote Industries Limited to consider investing in more sectors of the state economy. Sule, in a statement on Sunday, said the state was home to solid mineral resources and the strategic partnership between both parties would speed up Nigeria’s industrialisation process. The governor, represented by Nasarawa State’s…
Africa’s richest man and industrialist, Alhaji Aliko Dangote, has pledged a whopping N15 billion to Aliko Dangote University of Science and Technology (ADUSTECH), Wudil, Kano State, for various capital development projects. The billionaire businessman, who also serves as the Chancellor of the institution, made the announcement on Saturday during the university’s 5th combined convocation ceremony….
