The President of Dangote Group, Aliko Dangote, has announced that the group intends to list its multibillion-dollar companies – Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited, on the Nigerian Exchange Group in the first quarter of 2025.
He noted that the group, which began as a trading company in 1978, has expanded into a diversified conglomerate with investments spanning cement, agriculture, fertiliser, petrochemicals, oil & gas, auto assembly, infrastructure, and other sectors. Regarding operations, Dangote confirmed that the refinery will commence petrol processing in July and underscored government assurances on compliance with the Domestic Crude Oil Supply Obligations under the Petroleum Industry Act. He expressed confidence in meeting Nigeria’s domestic demand for petrol, diesel, kerosene, and aviation jet fuel, with surplus production earmarked for export.
The Vice President, of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, reiterated the commitment of the company to enhancing local capacity in critical sectors of the economy.He said Dangote Industries Limited has empowered young Nigerians to assume key roles across its operations, with many even becoming expatriates in other nations.