The Federal Executive Council (FEC) has approved a ₦158 billion contract for Dangote Industries to construct service lanes connecting the Lekki Deep Sea Port to the Shagamu-Benin Expressway. The project will be financed under the Federal Government Road Infrastructure Development Fund and Refurbishment Investment Tax Credit Scheme. Key details: This infrastructure project aims to improve…
In a bold statement that has sent shockwaves through the Nigerian economy, Aliko Dangote, the president of Dangote Group, declared that it is time for the Nigerian government to eliminate fuel subsidies. Speaking in a recent interview with Bloomberg Television, Dangote pointed out that petrol prices in Nigeria are currently 40% cheaper than those in…
In a shocking revelation, Aliko Dangote has accused the Nigerian National Petroleum Company Limited (NNPCL) of manipulating fuel prices by inflating costs through added profits and expenses. This bold claim has sent ripples through the oil industry and ignited conversations about transparency in fuel pricing. Dangote stated that Nigerians are currently purchasing fuel at prices…
Aliko Dangote, Africa’s richest man, has expressed regret over not purchasing Arsenal Football Club when he had the chance. In a recent interview, he revealed that he could have acquired the club for $2 billion but chose to focus on completing his refinery project instead. Dangote acknowledged that the timing for a potential purchase has…
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