Business
TInubu leads Dangote, Allen Onyema, Elumelu, others to President Roundtable Conference in India
President Bola TInubu of Nigeria will lead Africa’s richest man, Aliko Dangote, Air Peace CEO, Allen Onyema, Femi Otedola, Tony Elumelu and 34 other businessmen and industry leaders to attend the Nigeria-India Presidential roundtable and conference in New Delhi, India.
The event, which is organised by the Nigerian High Commission in India in collaboration with the Confederation of Indian Industry (CII) and the Nigeria-India Business Council (NIBC), is expected to be addressed by President Tinubu.
Prominent businessmen and investors in the delegation include: Africa’s richest man and Chairman of the Dangote Group, Aliko Dangote; Chairman of the Femi Otedola Foundation, Femi Otedola; Chairman/CEO of the GIG Group, Chidi Ajaere; and Chairman of Air Peace, Allen Onyema.
This was made known by the Nigerian High Commissioner to India, Ambassador Ahmed Sule who, in a letter addressed to the Indian High Commission in Abuja, requested for entry visas for the leading businessmen and Chief Executive Officers (CEOs).
Other prominent businessmen expected to attend the event include: Alhaji Abdul Samad Rabiu, Kola Karim, Julius Rone, Hajiya Bola Shagaya and Folurunsho Alakija.
Others are Mohammed Indimi, Prince Arthur Eze, Chief Razak Akanni Okoya (Eleganza), Sir Emeka Offor, Cosmas Maduka, Jim Ovia, Adewale Tinubu and others.
The letter to the Indian High Commissioner in Abuja was titled: “Request for appropriate entry visas to members of the Nigerian private sector to enable them attend the Presidential Round table and conference, Le Meridian Hotel, New Delhi, on 6th September, 2023.”
In the letter, Sule said: “I write to inform you that the following members of the Nigerian Private sector will be travelling to New Delhi to attend the Nigeria-India Presidential roundtable and conference organized by the High Commission in collaboration with the Confederation of Indian Industry (CII) and the Nigeria-India Business Council (NIBC) to be addressed by his Excellency, Bola Ahmed Tinubu, GCFR, President of the Federal Republic of Nigeria.”
Sule listed the business leaders to include: “Alhaji Aliko Dangote – Chairman/President, Dangote Group; Mr Tony Elumelu – Chairman/Founder, Tony Elumelu Foundation; Alhaji Abdul Sama Rabiu – Chairman/Founder, BUA Group; Mr. Femi Otedola – Chairman/Founder, Femi Otedola Foundation; Mr Kola Karim – GMD/CEO, Shoreline Natural Resources; Hajiya Bola Shagaya – Founder/CEO, Balmus Group International; Mrs. Folurunsho Alakija – GMD, The Rose of Sharon Group; and Alhaji Mohammed Indimi – Chairman/CEO, Oriental Energy Resources Ltd.”
Others include: “Sir Emeka Offor – CEO, Chrome Group; Chief Razak Akanni Okoya – Director, Eleganza Industrial City Ltd; Prince Arthur Eze – CEO, Atlas Oronto Petroleum Ltd; Mr Allen Onyema – CEO, Air Peace; Mr Cosmas Maduka – President & Chairman, Coscharis Group Ltd; Alhaji Dr Musbahu Mohammed Bashir – Althani Group of Companies; Mr Jim Ovia – Chairman, Zenith Bank Plc; Dr Oritsedere Otubu – Chairman, EKEDC; Mr Adewale Tinubu – CEO, Oando; Mr Gbenga Agboola – CE, Flutterwave (FinTech); Olamide Diekola Aina – Venture Platform (FinTech); Mitchel Elegbe – CEO, Interswitch (FinTech); Idris Bamidele Saliu – Ceviant Finance (Tech); Dr Fidealis Ayebae – Fidson Healthcare Plc; Dr Okey Okoli – SKG Pharmaceutical Industries Ltd; and Dr Stella Okoli – Emzor Pharmaceutical Industries Ltd.”
Other members of the delegation are “Mr Tosin Jolayemi – Daily Need Industries Limited; Seun Omobo – Eko Pharmacy Limited; Mr Patrick Ajah – May & Baker Nigeria Ltd; Mr Bayo Odugbemi – McOLIVIA Limited; Dr Monica Eimunjeze – Dedoo Bio Plus Pharmaceutical Ltd; Affiong Williams – Founder/CEO Reelfruit; Dr Lazarus Angbazo – CEO & MD of The Infrastructure Corporation of Nigeria; and Abdulfatai Yahaya – CEO, Kursi Investment Ltd.”
Meanwhile, Tinubu is also expected to be in India on a special invitation to attend the upcoming G-20 Summit in New Delhi, scheduled to hold between September 9 and 10.
Business
Dangote Refinery to supply 1.5bn litres of petrol monthly
….Writes NMDPRA, Engages Marketers to Stabilise Fuel Market
Photo caption: L R: Chief Executive Officer, Dangote Fertiliser Limited, Vishwajit Sinha; Chief Executive Officer and Managing Director, Dangote Petroleum Refinery, David Bird; President and Chief Executive, Dangote Industries Ltd, Aliko Dangote; Managing Director and Chief Executive Officer, South South Development Commission, Usoro Akpabio, during the visit of SSDC members to the Dangote Petroleum Refinery and Fertiliser Plant in Lagos on Sunday, November 30, 2025.
Dangote Petroleum Refinery has announced plans to supply one billion five hundred million litres of Premium Motor Spirit (PMS) monthly to the Nigerian market in December 2025 and January 2026, a move aimed at ensuring uninterrupted nationwide fuel availability through the festive season and into the New Year.
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, disclosed the plans at the weekend, noting that the refinery will make available 50 million litres of PMS daily beginning December 1.
“In line with our commitment to national wellbeing, and consistent with our track record of ensuring a holiday season free of fuel scarcity, the Dangote Petroleum Refinery will supply 1.5 billion litres of PMS to the Nigerian market this month. This represents 50 million litres per day. We are formally notifying the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of this commitment. We will supply another 1.5 billion litres in January and increase to 1.7 billion litres in February, which translates to about 60 million litres per day,” Dangote said.
Photo caption: L R: President and Chief Executive, Dangote Industries Ltd, Aliko Dangote; Managing Director and Chief Executive Officer, South South Development Commission, Usoro Akpabio, during the visit of SSDC members to the Dangote Petroleum Refinery and Fertiliser Plant in Lagos on Sunday, November 30, 2025.
Speaking during a visit by the South-South Development Commission (SSDC) to the refinery and the Dangote Fertiliser complex, he stated that the facility currently has adequate stock and is producing between 40 and 45 million litres of PMS daily. He added that the daily supply of 50 million litres should dispel long-standing claims that domestic refineries lack the capacity to meet national demand.
Dangote also revealed ongoing engagement with petroleum marketers to strengthen distribution systems, including expanding the use of CNG-powered haulage.
“Our priority is to ensure Nigeria receives the products it needs. This is not driven by profit motives; it is about guaranteeing the availability of essential energy products. It is similar to the transformation we delivered in the cement sector,” he added.
He further noted that the refinery is progressing with its expansion plan to reach a capacity of 1.4 million barrels per day. More than 100,000 workers are expected to be involved in the expansion of both the refinery and the fertiliser complex. Dangote emphasised that the Group remains committed to its vision, driven by the strong public support for the company’s role in shaping Nigeria’s economic development.
During the visit, the Managing Director of SSDC, Usoro Offiong Akpabio, commended Dangote’s leadership and his continued contribution to strengthening Nigeria’s industrial capability, national energy security and long-term economic competitiveness.
She described the South-South region as Nigeria’s natural energy corridor, with vast crude oil reserves, gas infrastructure, maritime assets, agro-industrial activity and emerging industrial clusters. She noted that deeper collaboration between the region and the Dangote Group could unlock opportunities in product distribution, CNG infrastructure, petrochemicals, agriculture, and employment creation.
Akpabio added that such partnerships would advance the Federal Government’s energy stability agenda and position the South-South as a strategic growth hub for the Dangote Group.
“As the statutory development body for the South-South, SSDC is mandated to drive regional economic development, infrastructure integration, human capital advancement, and private-sector–led growth. In this regard, we stand prepared to support State-level policy and regulatory support for Ease-of-doing-business across our six states. Enabling environments for Dangote Group’s expansion into strategic sectors such as gas processing, agro-industrial value chains, renewable energy, logistics, and export-oriented manufacturing,” she said.
In a letter from the refinery’s Managing Director, David Bird, to the Authority Chief Executive of the NMDPRA, the company reaffirmed its readiness to host NMDPRA officials onsite at the refinery from December 1st to verify and publish its daily supply volumes. The refinery also sought the Authority’s support to ensure unhindered importation of crude, feedstocks and blending components, as well as smooth vessel loading for product evacuation.
“In the spirit of full transparency to the public we are willing to publish our daily production and stock volumes (online and print media),” Bird stated. “We seek the full support of NMDPRA to allow Dangote refinery to import our crude, feedstocks and blending components unhindered as well as support the lifting of our products by vessel. We continue to experience delays in vessel clearance which impacts not only the refinery operations but also our customers, adding unnecessary costs and inefficiencies”.
By Bonaventure Phillips Melah
Photo caption: L R: Chief Executive Officer, Dangote Fertiliser Limited, Vishwajit Sinha; Chief Executive Officer and Managing Director, Dangote Petroleum Refinery, David Bird; President and Chief Executive, Dangote Industries Ltd, Aliko Dangote; Managing Director and Chief Executive Officer, South South Development Commission, Usoro Akpabio, during the visit of SSDC members to the Dangote Petroleum Refinery and Fertiliser Plant in Lagos on Sunday, November 30, 2025.
Dangote Petroleum Refinery has announced plans to supply one billion five hundred million litres of Premium Motor Spirit (PMS) monthly to the Nigerian market in December 2025 and January 2026, a move aimed at ensuring uninterrupted nationwide fuel availability through the festive season and into the New Year.
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, disclosed the plans at the weekend, noting that the refinery will make available 50 million litres of PMS daily beginning December 1.
“In line with our commitment to national wellbeing, and consistent with our track record of ensuring a holiday season free of fuel scarcity, the Dangote Petroleum Refinery will supply 1.5 billion litres of PMS to the Nigerian market this month. This represents 50 million litres per day. We are formally notifying the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of this commitment. We will supply another 1.5 billion litres in January and increase to 1.7 billion litres in February, which translates to about 60 million litres per day,” Dangote said.

Photo caption: LR: President and Chief Executive, Dangote Industries Ltd, Aliko Dangote; Managing Director and Chief Executive Officer, South South Development Commission, Usoro Akpabio, during the visit of SSDC members to the Dangote Petroleum Refinery and Fertiliser Plant in Lagos on Sunday, November 30, 2025.
Speaking during a visit by the South-South Development Commission (SSDC) to the refinery and the Dangote Fertiliser complex, he stated that the facility currently has adequate stock and is producing between 40 and 45 million litres of PMS daily. He added that the daily supply of 50 million litres should dispel long-standing claims that domestic refineries lack the capacity to meet national demand.
Dangote also revealed ongoing engagement with petroleum marketers to strengthen distribution systems, including expanding the use of CNG-powered haulage.
“Our priority is to ensure Nigeria receives the products it needs. This is not driven by profit motives; it is about guaranteeing the availability of essential energy products. It is similar to the transformation we delivered in the cement sector,” he added.
He further noted that the refinery is progressing with its expansion plan to reach a capacity of 1.4 million barrels per day. More than 100,000 workers are expected to be involved in the expansion of both the refinery and the fertiliser complex. Dangote emphasised that the Group remains committed to its vision, driven by the strong public support for the company’s role in shaping Nigeria’s economic development.
During the visit, the Managing Director of SSDC, Usoro Offiong Akpabio, commended Dangote’s leadership and his continued contribution to strengthening Nigeria’s industrial capability, national energy security and long-term economic competitiveness.
She described the South-South region as Nigeria’s natural energy corridor, with vast crude oil reserves, gas infrastructure, maritime assets, agro-industrial activity and emerging industrial clusters. She noted that deeper collaboration between the region and the Dangote Group could unlock opportunities in product distribution, CNG infrastructure, petrochemicals, agriculture, and employment creation.
Akpabio added that such partnerships would advance the Federal Government’s energy stability agenda and position the South-South as a strategic growth hub for the Dangote Group.
“As the statutory development body for the South-South, SSDC is mandated to drive regional economic development, infrastructure integration, human capital advancement, and private-sector–led growth. In this regard, we stand prepared to support State-level policy and regulatory support for Ease-of-doing-business across our six states. Enabling environments for Dangote Group’s expansion into strategic sectors such as gas processing, agro-industrial value chains, renewable energy, logistics, and export-oriented manufacturing,” she said.
In a letter from the refinery’s Managing Director, David Bird, to the Authority Chief Executive of the NMDPRA, the company reaffirmed its readiness to host NMDPRA officials onsite at the refinery from December 1st to verify and publish its daily supply volumes. The refinery also sought the Authority’s support to ensure unhindered importation of crude, feedstocks and blending components, as well as smooth vessel loading for product evacuation.
“In the spirit of full transparency to the public we are willing to publish our daily production and stock volumes (online and print media),” Bird stated. “We seek the full support of NMDPRA to allow Dangote refinery to import our crude, feedstocks and blending components unhindered as well as support the lifting of our products by vessel. We continue to experience delays in vessel clearance which impacts not only the refinery operations but also our customers, adding unnecessary costs and inefficiencies”.
Business
Dangote expands presence in Africa, signs $1b investment deal for cement, energy in Zimbabwe
Africa’s richest man and the Chief Executive Officer (CEO) of Dangote Group, Alhaji Aliko Dangote, has signed a deal to invest over $1 billion in cement and energy in Zimbabwe.
Dangote spoke to journalists after meeting with Zimbabwean President Emmerson Mnangagwa in Harare on Wednesday.
The billionaire businessman said he signed an agreement on behalf of Dangote Group to build cement and power plants as well as a fuel pipeline.
“… we have just actually signed an agreement between Zimbabwe and Dangote Group to do various investments in various sectors, some of which, of course, border on cement, some of it in power generation, and some of it in pipelines to bring petroleum products,” he said.
Dangote said the investment will be worth over $1 billion “because of the pipeline”, noting that the group is planning a couple of other investments in the country.
Speaking on governance in Zimbabwe, he said Mnangagwa transformed the economy, adding that “there is a lot of transparency”.
“And also, when you look at what His Excellency has actually done in terms of turning the economy around, that really gave us the confidence that this is the right time for us to come and invest,” Dangote said.
“And, you know, it’s like somebody, when you pass the exam, people have to give you a good mark. So His Excellency has passed that exam.”
Dangote previously expressed interest in similar investments in Zimbabwe in 2015, including plans for his Dangote Cement Plc to build a $400 million plant with a processing capacity of 1.5 million tons annually.
With the latest deal signing, Dangote is adding Zimbabwe to his list of investment destinations across the continent, which includes Ethiopia and Zambia.
On October 5, the Dangote Group commenced the construction of a $2.5 billion fertiliser plant in Gode, Ethiopia.
The project, a joint venture between the conglomerate and the Ethiopian Investment Holdings (EIH), is expected to have an annual production capacity of three million metric tonnes of urea, positioning it among the largest fertiliser complexes in the world.
Dangote Cement had also built a 1.5 million tonnes per annum (mta) plant in Zambia. The plant began operations in the second quarter (Q2) of 2015, according to information on the company’s website.
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