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Aliko Dangote News

Africa's wealthiest man to invest $8 billion in new oil refinery

Aliko Dangote, the African tycoon, plans to invest up to $8 billion in a new oil refinery in Nigeria. Nigeria's output will be doubled if this refinery is built.

Forbes: Nigeria's Alhaji Aliko Dangote is Africa's richest man

Abuja - Forbes magazine says Aliko Dangote, a Nigerian tycoon, who made a fortune trading in commodities such as flour, sugar, salt and cement is Africa's richest man. He tops Forbes' list for the second year running, with an estimated net worth of $12 billion.

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