The company, 86-percent owned by Aliko Dangote, has transformed Nigeria from a cement importer to a regional exporter
Nigerian billionaire
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- West & Central Africa
Nigerian billionaire Femi Otedola drums up support for Aliko Dangote amid regulatory challenges
Otedola highlights Dangote’s monumental contributions to Nigeria’s economy and calls for support of visionary leaders
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Africa’s richest man Aliko Dangote’s refinery to receive first crude shipment from Brazil
Despite being Africa’s top oil producer, Nigeria relies heavily on imported fuels due to its underdeveloped domestic refining sector.
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Nigerian billionaire Femi Otedola’s Geregu Power rakes in $51.9-million revenue in H1 2024
Geregu Power’s H1 2024 revenue surged 132.5% year-over-year to $51.9 million, driven by increased energy sales and capacity charges.
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Nigerian billionaire Abdul Samad Rabiu begins construction of 30-bed hospital in Northern Nigeria
Abdul Samad Rabiu launches a new 30-bed hospital for the Nigerian Customs Service in Bauchi State, part of ASR Africa’s $6.5 million …
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The company’s revenue surged above $60 million, cementing its position among the leading players in the oil and gas industry.
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Amid hurdles, BUA Cement showcased its resilience and achieved a 13-percent growth in gross profit, amounting to $113.75 million in 2023.
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Key Points: Fire broke out at the effluent treatment plant of the Dangote Oil Refinery, Africa’s largest oil refinery, early Wednesday morning. …
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Otedola’s stake in FBN Holdings rose to 11.64% after acquiring 797,946,415 shares for $11.3 million this week.
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This latest purchase brings Otedola’s total stake to 11.64 percent, cementing his position as a top player in the African financial services …