Browsing: Dangote group

Dangote uses lower pricing to grow its market share, but Kenyans have had to wait longer for this to happen.

However, Dangote was a surprise attendee at William Ruto’s inauguration as Kenya’s fifth president. This revived talks among Kenyans that he probably would now be able to jumpstart his investment plans in Kenya and have the cement plants going.

Ruto and Dangote met in March 2014 when the then Deputy President visited the Obajana plant of Dangote Cement in Kogi State, Nigeria. At the time, Kenya intended to fast-track licensing for Dangote Cement in the country to boost job creation opportunities for Kenyans.

Dangote’s attendance was thus a reminder and probably a harbinger of what is to come in the cement production sector in Kenya.…

Despite Nigeria being the second biggest oil-rich country in Africa after Libya with an estimated 37 billion barrels of proven oil reserves, the West African country has been depending on imported refined fuel products due to lack of domestic refining capacity.

Dangote Oil Refinery

However, the situation is set to be changed by the coming of Dangote Oil Refinery, a company owned by the Nigeria-based Dangote Group.

The Dangote refinery, a 650,000 barrels per day (bpd) integrated refinery and petrochemical project under construction in the Lekki Free Zone near Lagos, Nigeria, is expected to be the Africa’s biggest oil refinery and the world’s biggest single-train facility, upon completion.

Light and medium grades of crude

The project which is being developed with an estimated investment of $12bn will process a variety of light and medium grades of crude to produce Euro-V quality clean fuels including gasoline and diesel …

The Major Oil Marketers Association of Nigeria (MOMAN) has indicated interest in lifting refined petroleum products from the soon to be completed $15 billion Dangote Refinery, in Lagos.

Once complete the refinery on daily basis is expected to produce 50 million litres of petrol and 15 million litres of diesel.

In a statement notice issued by the Dangote Group on Sunday July 3, noted that the Major Oil Marketers made this request during a recent visit to the site of the 650,000 barrels per day single train refinery in Ibeju-Lekki Lagos, according to the News Agency of Nigeria (NAN).

Speaking after the conclusion of his visit to the site, the Chairman of MOMAN, Mr Adetunji Oyebanji, said the refinery would play an important role in helping to remove the various bottlenecks associated with the importation of petroleum products into the country.

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Nigeria’s leading integrated sugar company Dangote Sugar Refinery Plc, has issued their position on the alleged involvement in price-fixing, a move that had been claimed to a strategy to keep the price of sugar high.

The claims were made by one of Dangote Sugar’s competitors in the sugar market, BUA Sugar Refinery.

BUA Sugar had accused Dangote Sugar of involvement in price-fixing and arbitrary collusion to create sugar scarcity in Nigeria so that the prices can be kept high.

This forced Dangote Sugar to issue a response in an effort to vehemently refute the allegations and assertions made by BUA Sugar Refinery.

BUA Sugar Refinery’s claims

Just recently, the management of BUA Sugar Refinery came out to point fingers at the Dangote Group for taking actions and conniving with Flour Mills of Nigeria to push out the competition in the Sugar industry and create a situation of perfect monopoly for …