Afreximbank underwrites $2.5 billion of a $4 billion loan for Aliko Dangote's refinery
Afreximbank has underwritten $2.5 billion of a $4 billion loan for Dangote's refinery, marking the pan-African lender's biggest single industrial commitment.
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Afreximbank has underwritten $2.5 billion of a $4 billion loan for Dangote's refinery, marking the pan-African lender's biggest single industrial commitment.
Private jet operators flying to the Middle East are facing war-risk insurance surcharges of up to $50,000 per flight, a new cost now pressing on Africa's ultra-wealthy.
Dangote Petroleum Refinery warned investors to ignore unverified IPO reports, saying any listing plans would come through official, regulated channels only.
Aliko Dangote is pushing his Lagos refinery toward 1.4 million barrels per day, a move that could reshape Africa's energy supply.
Aliko Dangote has added $2.57 billion to his fortune since January, climbing 13 places to rank 64th among the world's wealthiest people.
Aliko Dangote's refinery has shipped 456,000 tonnes of refined petroleum products to five African countries since reaching full capacity in February.
South Africa, Ghana and Kenya are lining up for fuel from Dangote's refinery as the Hormuz crisis enters its fourth week — we break down what this means for African energy trade, the IPO, and who holds the pricing power.
South Africa is pursuing a 12-month fuel supply deal with Aliko Dangote's Nigerian refinery as the Iran war disrupts Middle East supply chains.
Aliko Dangote's refinery drove $3.74 billion in crude imports into Nigeria in 2025, flipping the country's oil trade script entirely.
Nigeria swung to a $4.23 billion balance of payments surplus in 2025, powered by Dangote Refinery exports and surging diaspora remittances.
He built Africa's largest refinery. Now he wants to industrialize the entire continent. In a rare interview from his Lagos office, Aliko Dangote — the only African among the world's 100 richest people — talks oil prices, continental ambition, and why he believes no one else will do what he's doing.
Aliko Dangote's refinery supplied 92% of Nigeria's petrol demand in February, cutting the country's dependence on foreign fuel to a record low.
Aliko Dangote has sealed a $4.2 billion, 25-year natural gas deal with China's GCL Group to fuel East Africa's biggest fertilizer plant.
Nigeria suspended petrol import licences for a second straight month, handing Dangote Refinery control of 92% of the country's fuel supply
Elon Musk became the wealthiest person ever recorded as global billionaire wealth surged to $20.1 trillion, with Africa's Aliko Dangote holding firm at 86th.
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