TheNewsGuru

Tag: Aliko Dangote

  • Fans fault DJ Cuppy’s remark after meeting Billionaire businessman, Dangote

    Fans fault DJ Cuppy’s remark after meeting Billionaire businessman, Dangote

    Fans of popular Nigerian disc jockey Florence Otedola, better known as DJ Cuppy, have criticized her over a  recent remark after meeting with Africa’s richest man, Aliko Dangote and the United Nations Deputy Secretary-General, Amina Mohammed.

    TheNewsGuru.com (TNG) reports that Cuppy had shared a photo of herself with Aliko Dangote and Deputy Secretary General of the United Nations, Amina Mohammed via her social media handles, emphasizing the importance of surrounding oneself with the right circle.

    In the photo shared, the billionaire businessman is seen rocking a blue suit, while Mohammed shines in a  native gown and headscarf. Cuppy herself is dressed in Hausa attire, blending tradition with her signature style.

    She captioned the photo, “Show me who you surround yourself with, and I’ll tell you who you are. Choose your circle wisely. DSG @AminaJMohammed and Alhaji @Aliko_DangoteGCON your presence is truly a privilege. Na gode sosai, shugabannina”.

    Reacting to the post, fans of the DJ pointed out how her circle wasn’t by choice but by privilege as her dad is a billionaire.

    One user, Official Double XX wrote, “You did not choose your circle, Cuppy; you inherited it, and that’s not bad. Who wouldn’t wish such?”

    Quiet Ifee_ wrote, “Sissy calm down, them just born you into this circle, no he you surround.”

     Invxtor_ys wrote, “Who life favor go think say others no dey try.”

     Pjuwah wrote, “I surround myself with gid and His angels.”

    One Udor Awasi wrote, “My dear, you were born with your circle.”

    Dolly Peace Clothing wrote, “It is good to come from privileged homes. It really attaches to a lot of many opportunities. Cuppy you win.”

    Thaddeus Junior Thaddeus wrote, “But you have a fighter in your circle. Talk well rich kid”.

    ”

  • Dangote donates N1.5bn to Borno flood victims

    Dangote donates N1.5bn to Borno flood victims

    African richest Man, Alhaji Aliko Dangote has donated N1.5 billion to victims of the Maiduguri flood disaster.

    He made the announcement during an assessment visit to some of the affected locations in Maiduguri.

    Accompanied by Governor Abdullahi Sule of Nasarawa state, Dangote said out the amount, N1 billion was given to National Emergency Management Agency (NEMA) to work with the Borno State government.

    “I just want to clarify, we have this flood committee. NEMA wrote us a letter; so we sat down and approved N1 billion to NEMA to work with the Borno State government.

    “On top of that, the Aliko Dangote Foundation will put additional N500 millions so that’s #1.5 billion. Thank you,” he said.

    Earlier, Gov Sule also announced the donation of unspecified number of trucks of relief materials to support the Borno state government.

    Responding, Governor Babagana Zulum praised them for generosity and love towards the people of Borno.

    “Not everyone that has money has the heart of giving, Aliko Dangote has been helping our people, this is not first time. I pray that Allah will reward you with Aljannah.”

    “I would like to thank my brother, Gov Abdullahi Sule, who came along with Aliko Dangote to visit us at this trying moment.”

     

  • Refinery: Atiku hails Dangote’s tenacity

    Refinery: Atiku hails Dangote’s tenacity

    Former Vice President, Atiku Abubakar, has commended Chairman of Dangote Group, Alhaji Aliko Dangote, for his tenacity and demonstration of ‘can do’ spirit.

    Atiku gave the commendation in a statement, in Abuja, on Thursday.

    He was responding to news of the commencement of the production of refined petroleum products especially premium motor spirit otherwise called Petrol.

    “Let me congratulate and appreciate the efforts of Alhaji Aliko Dangote, as the Dangote Refinery begins production of PMS. It demonstrates his tenacity and ‘can do’ spirit and his belief in his fatherland.

    “This remarkable accomplishment is beyond a demonstration of the business acumen of just one man. It is also a manifestation of what corporate Nigeria can do to recover the Nigerian economy and make it strong, dynamic, and resilient.

    “ This resonates with my dream of having an enlarged private sector presence in the Nigerian economy. I am an unrepentant advocate for a strong and visible participation of the private sector in strategic sectors of the economy, either alone or in partnership with the state.

    “Nigerians are aware of the many obstacles Aliko had to overcome to achieve this win. If the private sector must step forward to invest, create jobs, and drive growth, the government must roll out more supportive regulations and deliver them efficiently.

    “The worst damage done by the APC-led government since 2015 is to unleash difficult-to-implement-and-sustain ‘reform’ initiatives that erode private sector confidence in our economy and drive investors away from our shores.

    “There are a few major milestones ahead as Nigeria journeys toward attaining energy self-sufficiency. I hope Aliko will continue to lend his unwavering support on this journey.”

     

  • What we are waiting for to roll out petrol – Aliko Dangote

    What we are waiting for to roll out petrol – Aliko Dangote

    Chairman of Dangote Group, Aliko Dangote has said Dangote Refinery is awaiting a nod from the Nigerian National Petroleum Company (NNPC) Limited to roll out its Premium Motor Spirit (PMS), popularly known as petrol or fuel.

    TheNewsGuru.com (TNG) reports Dangote made this disclosure in a video shared via the X platform of Dangote Group on Wednesday, while stressing that the refinery have no control over pricing and that the role of the Dangote Refinery is only to make sure petrol is available.

    “On the pricing, I cannot say anything because we do not control the pricing. The pricing at the moment is controlled by the NNPC, not Dangote. We will wait for them to do that.

    “But, our own for now is to make sure that products are available, and also round-tripping is stopped, where people are just taking Dollars out and not bringing products. Most of the shinanigans will stop. That is what I can guarantee you.

    “NNPC are the ones that will sell to the market and distribute, and that it the current arrangement for Naira-Naira. We are ready on our part. We are waiting for the NNPC to be ready on their part. Once they are ready, we will roll,” Dangote said.

  • Dangote Refinery: It’s time to dismantle those depots and sell them as scrap

    Dangote Refinery: It’s time to dismantle those depots and sell them as scrap

    Following the announcement that Dangote Refinery is now fully ready to churn out petroleum products, Nigeria business mogul, Femi Otedola, has told owners of oil depots in the country to dismantle their depots and sell them as scrap.

    The President of Dangote Refinery, Aliko Dangote, on Tuesday announced the rollout of Petrol from his 650,000 barrels per day.

    He had in an earlier report said that the Petrol from the refinery will be available in the Nigerian market in 48 hours depending on the Nigerian National Petroleum Company Limited.

    Otedola, in a post on X, said the development has practically put an end to the business of fuel importers in the country.

    “..You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long.”

    “Now, with your refinery in full swing…the depot owners should take heed—it’s time to dismantle those depots and sell them as scrap while the market is still high.

    “The world has changed, and those who do not adapt will be left behind.”

  • My refinery was Tinubu’s dream 18 years ago – Aliko Dangote

    My refinery was Tinubu’s dream 18 years ago – Aliko Dangote

    The founder of the Dangote Group, Aliko Dangote has revealed that President Bola Tinubu is the brainchild of his refinery.

    This is as Dangote said his hair went grey due to efforts to set up his refinery.

    Addressing newsmen on Tuesday, Dangote said Tinubu dreamt about establishing a refinery in Lagos State about 18 years ago.

    According to Dangote: “There are no limits to how far I can travel, ours is to make our country and Africa proud; the journey just started, and we will continue. Five or six years ago, I had no grey hair but now it’s history as we are able to deliver. So, I can say it’s a golden grey hair which is worth it.

    “Petrol from the Dangote refinery is MS5 one of the best in the world, it would save engines, its like water which people have never seen before.

    “I thank the governor of Lagos for giving us all the necessary support, 10 years ago; there was almost nothing here but this is what you call a dream. President Tinubu, then governor of Lagos dreamt of establishing this about 18 years ago, but nobody thought about coming here.

    “My first here was in 2015 when I came to see the land but you can see today. This is Euro5, you can put this in your engine and begin to run, it will give your engine the best performance.”

     

  • Aliko Dangote opens up on pricing of petrol from his refinery

    Aliko Dangote opens up on pricing of petrol from his refinery

    Chairman of Dangote Group, Aliko Dangote has revealed that it is the federal government of Nigeria that will determine the price of petrol that will come out from the Dangote Refinery.

    TheNewsGuru.com (TNG) reports Dangote revealed this at a press briefing on Tuesday when he announced that petrol from the refinery will be out within the next 48 hours.

    “It is an arrangement which is designed and approved by the Federal Executive Council (FEC) led by His Excellency, President Bola Ahmed Tinubu,” Dangote said.

    Speaking further, Dangote said that as soon as the $20 billion refinery located in Lagos State, Nigeria finalised modalities with NNPC Limited, the product will be out in the market.

    “As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market.

    “Our PMS (Premium Motor Spirit) can be in filling stations within the next 48 hours, depending on NNPCL.

    “The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality,” Dangote said.

    The Dangote Group CEO revealed that the refinery can track every single loaded truck and that it will show the true consumption of petrol in Nigeria and also the consumption pattern.

    “There is a lot of round-tripping where people now do documentation and the fuel does not come into Nigeria, and this is a fact. Right now, as we have this refinery working, it will show the true consumption of Nigeria.

    “We can track every single loaded truck and we will try as much as possible to track the loaded ships. Trucks, we can tell you where they are just as now some of the products that we do, we can tell you exactly the consumption pattern,” he said.

  • BREAKING: Our petrol will be out in filling stations in next 48 hours – Aliko Dangote

    BREAKING: Our petrol will be out in filling stations in next 48 hours – Aliko Dangote

    Founder, Chairman and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote has disclosed that petrol from the Dangote Refinery will be out in filling stations across the country in the next 48 hours.

    TheNewsGuru.com (TNG) reports Dangote made this disclosure on Tuesday, while, however, noting that the availability of petrol from the refinery is dependent on the Nigerian National Petroleum Company (NNPC) Limited.

    Dangote stressed that as soon as the $20 billion refinery located in Lagos State, Nigeria finalised modalities with NNPC Limited, the product will hit the market within the next 48 hours.

    “Our PMS (Premium Motor Spirit) can be in filling stations within the next 48 hours, depending on NNPCL,” Dangote said.

    Recall that the  650,000 bpd capacity Dangote Refinery refinery began operations in January with the production of diesel and aviation fuel.

    Dangote said the petrol from the plant can compete with products from other parts of the world in terms of quality.

    When asked on the pricing of petrol from his refinery, Dangote said: “It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu.

    “As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market.

    “The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality”.

  • Dangote Refinery begins production of petrol

    Dangote Refinery begins production of petrol

    Dangote Refinery Plc has commenced production of petrol, marking a significant milestone for Africa’s largest refinery after delays due to recent crude shortages.

    The refinery, built by Africa’s richest man, billionaire Aliko Dangote, began operations in January, initially producing naphtha and jet fuel.

    The Nigerian National Petroleum Corporation (NNPC), which has been struggling to meet local fuel demand, will be the sole buyer of the gasoline processed by the Dangote Refinery.

    The NNPC disclosed on Sunday to be under severe financial strain, owing $6 billion to oil traders for supplies since January.

    The debt burden has impacted its ability to maintain a steady supply of fuel in the local market, resulting in persistent fuel queues since July and a sharp 45% increase in fuel prices from the official rate of N617 ($0.3942), following the removal of subsidy May 29, 2023 by President Bola Tinubu.

    The $20 billion Dangote Refinery, located on the outskirts of Lagos, has the capacity of 650,000 barrels per day and is poised to significantly reduce Nigeria’s dependency on imported oil products.

    Director for Sub-Saharan Africa at political risk consultancy Horizon Engage, Clementine Wallop, noted the refinery’s petrol production could not have come at a more critical time.

    “The news that Dangote is processing gasoline couldn’t come at a more crucial time given NNPC’s statement about its difficulties securing imported supply due to financial strain,” she stated.

    “This prompts the question of how NNPC will manage purchasing from Dangote, and impresses the need for greater transparency in its finances,” Wallop said.

    The Dangote Refinery’s gasoline production is expected to alleviate some of the supply challenges faced by the NNPC.

     

  • VIDEO: Fans react as Dangote ‘snubs’ popular Nollywood actor, Alex Ekubo abroad

    VIDEO: Fans react as Dangote ‘snubs’ popular Nollywood actor, Alex Ekubo abroad

    A video capturing the unexpected moment when Africa’s richest man, Aliko Dangote, seemingly ignored the handshake of famous Nollywood actor Alex Ekubo at a foreign hotel has sparked a wave of curiosity on social media. 

    The now-viral video captures the moment popular Nollywood actor Ekubo attempting to shake Dangote after billionaire businessman Obi Cubana exchanged pleasantries with him. However, the billionaire focused more on Obi Cubana, who’s seen chatting with Femi Otedola in the clip.

    Sharing the video on his Instagram, Obi Cubana captioned the video, “As u wake up, thank God for life…….pray for grace, amen. Odogwu and “Nnukwu Odogwus”! Their presence must humble you, fr!!! Sunday brunch with these 2 GREAT men or #250m cash?”

    Watch video below;

     

     

    View this post on Instagram

     

    A post shared by OBI IYIEGBU (@obi_cubana)

     

    The video has elicited mixed reactions from fans of the actor, who defended the actor, arguing that Dangote at some point shook the actor’s hand, adding that even if Dangote had ignored the actor, it is  no big deal. 

    Shola wrote: “I’m sure this handler never see Dangote before sef.”

    kingchika! wrote: Social Media Won’t Let People Live Their Lives Freely Anymore

    misschidel wrote: “So what should we now do eh? Make the boy lie down for am Abi na wetin.”

    monsieur_anthonie wrote: “He honestly didn’t see his hand. You guys should rest!”

    cruisebriel wrote: “He had the handshake regardless something you might never do. Are you people happy at bad news? Say na attempting. And so what?”

    zee_baron_ wrote: “Oga if you look the video well you go see say he shake am na just otedola block the video.”