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.
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.
