Aliko Dangote Is Ohibaba.com Personality of The Year 2024

The investment was a significant milestone for the Nigerian economy and Africa as a whole.

Published

2 years ago

December 31, 2024

OCHEFA

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Ohibaba.com news website has picked Alhaji Aliko Dangote, the Group President/CEO of Dangote Industries Limited (DIL) as its Personality of The Year 2024.

Photo of Ohibaba.com CEO, Mr. Ohi Odiai and Alhaji Aliko Dangote.

Here’s why :

His massive investment in the Nigeria oil and gas industry, notably the Dangote Petroleum Refinery and the Petrochemicals complex at the Ibeju-Lekki axis in Lagos.

Commissioned on May 22, 2023 by the former President Muhammadu Buhari, the first products from the Dangote Petroleum Refinery in were diesel, aviation fuel, and LPG:

• Diesel: The refinery began producing diesel in October 2023.

• Aviation fuel: The refinery began producing aviation fuel in October 2023.

• LPG: The refinery began producing LPG as one of its first products.

Months after, the refinery rolled out its first petrol in September 2024.

Since then, the refinery has been supplying the local markets and exporting the surplus to other African countries and beyond.

The 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world, was constructed at the cost of over US$20 billion.

The investment was a significant milestone for the Nigerian economy and Africa as a whole.

Dangote aptly said:” The refinery would meet the demands not only of Nigerians but also of sub-Saharan Africa.”

Related Topics:Aliko Dangote Featured Personally of the year

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Naira Exchange Rates Thursday, 5 Nov 2026

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10 hours ago

November 5, 2026

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BLACK/ PARALLEL MARKET RATES

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NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

2 days ago

November 4, 2026

OCHEFA

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The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.