Dangote plans to buy Arsenal in 2021
Africa's richest man Aliko Dangote has disclosed his new plans of taking over the ownership of Arsenal Football Club from Stan Kroenke. "I'm trying to finish building the company and then after we finish, maybe some time in 2021 we can," Dangote said in a recent interview on the David Rubenstein Show in September. The Nigeria…
Dangote refinery: Raising hope for Nigeria’s oil sector
Presently, Nigeria is home to some of the world’s poorest performing refineries. That storyline may change in the next 12 months or thereabouts when the Dangote Petroleum Refinery, the largest single-train refinery in the world opens its doors for business.
Dangote Refinery, a pride to Africa — Nigerian Governors’ Forum
The Nigerian Governors Forum (NGF) has described the Dangote Refinery and Petrochemicals sited in Lagos as a pride to Nigeria and Africa.The NGF said the project would contribute immensely to Africa’s economy and help the continent attain food security when fully operational.
Family, friends seek inquiry into death of Chinese translator by a forklift
It was a shattered dream for Chinua Nwogu, a mass communication graduate of Federal Polytechnic Oko, Anambra State, whose aspiration to live his dream and become successful...
At 5.55% refining capacity, Nigeria awaits Dangote’s refinery completion
Nigeria’s four refineries are operating at just 5.55% of their combined nameplate capacity of around 445,000 barrels per day (b/d), according to data released in late May by the Nigerian National Petroleum Corporation (NNPC), underlining that the oil-rich nation still relies heavily on imports for its fuel needs.
Insurance sector may lose 72% of Dangote refinery's risk
The nation’s insurance industry may lose 72 per cent of the insurance business in the Dangote Oil Refining company.
World’s largest atmospheric tower built for Dangote refinery leaves China for Nigeria
China’s leading energy and chemical company, Sinopec, on Monday, said that it had built the world’s largest atmospheric tower for Nigeria’s Dangote Refinery. On its verified Twitter handle, the company shared photos of the tower and revealed that it (tower) had already left its port in China and was traveling to Nigeria.
Sell the worthless refineries!
A report that Nigeria’s four refineries are currently operating at just 5.55 per cent of their combined installed capacity of 445,000 barrels per day means that the refineries are barely producing 24,698 barrels per day, indicating gross under-performance, which demands the political will to sell the refineries at this time. This is not surprising, given…
Dangote refinery…Game changer gathers steam
Daily, about 126 heavy-duty trucks jot across a massive land area that is seven times the size of Victoria Island. This is aside the 750 heavy-duty equipment stationed in what is clearly one of the biggest construction projects in any part of the world. When completed, the site, which underneath lies 300, 000 cubic feet…
OPEC harps on importance of Dangote Refinery to global stability
The Organisation of the Petroleum Exporting Countries (OPEC), is upbeat at the prospect of the Dangote Oil Refinery, in driving world crude oil refining capacity increase especially in Africa by 2020. OPEC, in the current edition of its World Oil Outlook (WOO), said the Dangote Refinery, which is the first privately-owned and operated refinery in…