DANGOTE SHIPS 79.4 MILLION LITERS OF PETROL



Dangote Refinery Operations

Since the commencement of its operations, the Dangote Refinery has been a huge support system to the Nigerian National Petroleum Company (NNPC) in managing demand pressure in the domestic and foreign markets.

However, considering the massive production and supply, it has the capacity to load 40 Petroleum Motor Spirits (PMS) tankers simultaneously in 40 minutes. With an average of 2900 trucks daily, this development poses a risk of traffic congestion along the Lekki-Epe expressway,known as the Lagos Free Trade Zone.

The Lagos Free Trade Zone is known for the influx of tankers plying its road. Not only from the Dangote Refinery, but from other establishments as well, leading to the implementation of several measures to mitigate imminent traffic challenges.

Dangote Refinery ships its first 79.4 million liters of petrol by sea to domestic market

Beforehand, Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries had given a heads-up on how the industry intends to leverage sea transportation as its major means of transporting supplies.

In his words, Edwin explained that the refinery would transport a major part of its produce via sea routes and the road route will be reserved for urgent needs.

"We have both exporting facilities by sea and by road. 75% of the production can be evacuated through sea. In fact, now we are ramping up to make it even 100%."

"Anything going to Calabar, Port Harcourt, Warri, Apapa, Atlas can all be taken through the sea. So only what is imminently required by road can be taken."

"But I also have the facility to load 83% of my production also through the road. We have just built-in flexibility but we can avoid all traffic congestion on the road by evacuating through sea and it will also bring down the cost of transshipment"

Recently, a month after a massive truck distribution, the Dangote Refinery has supplied about 79.4 million liters of petrol (500,000 barrels) by sea to the local market with its vessel, named Sabaek.

This has been a plus and a significant boost to Nigeria's domestic fuel supply.

Your View

This development has been considered advantageous to the environment and humanity.
But what do you think?
Is it truly cost-effective?
Won't it slow down supply?
Do you think it's a wise move?

Reference link:
https://nairametrics.com/2024/10/25/dangote-refinery-ships-first-79-4-million-litres-of-petrol-by-sea-to-domestic-market-report/

DAVIDO'S STUNNING PARTNERSHIP WITH COGNAC GIANT MARTELL: A MILESTONE FOR AFROBEATS



The oldest of the great Cognac houses, Martell has recently kicked off the second chapter of its 2021 award-winning "Be The Standout Swift" campaign. This new chapter is to celebrate the rise of Afrobeat, to honor those who have stayed genuine to their craft and are resilient, accommodating, supportive, and inspiring in their journey.

Martell Cognac House has decided to partner with Davido, the Afrobeat superstar to launch this chapter of the campaign. Martell has unveiled a new film, starring Davido as the lead character. This film directed by Meji Alabi was inspired by Davido's decade-long contribution to Afrobeats, its success, and critical acclaim because, in recent years, Afrobeats' music genre has exploded into pop culture globally, which has unapologetically redefined the world's view of what it means to be an African.

In an interview with Guardian Life, Davido shared some insights on his journey. He revealed that partnering with Martell is an avenue for him to achieve democratizing Afrobeats globally as a Standout Swift. Some questions and answers from the interview are below:

Can you tell us about the Be the Standout Swift campaign and what it means to you?
"Be The Standout Swift" is all about being bold. It's about moving differently and doing things your own way, no matter what. For me, it's a perfect fit because my whole career has been about breaking boundaries, doing the unexpected, and staying true to myself. So, teaming up with Martell on this just made sense—it's all about pushing that message of standing out and owning your lane.

What excites you the most about partnering with Martell on this campaign? How does the campaign reflect your personal and professional journey?
Honestly, what excites me the most is how real the message is. Martell is all about audacity and doing things differently, which is exactly how I've lived my life and built my career. This campaign is a perfect reflection of that energy—being fearless and owning your journey. It's a big vibe.

How do you stay audacious in an industry that is constantly evolving? What advice do you have for people looking to make bold moves in their own lives?
Staying audacious is about never getting too comfortable. You have to keep pushing, keep reinventing yourself, and always aim to do better than your last move. For me, it's all about staying ahead and keeping that hunger alive, in spite of my privilege and accomplishments.

Reference link:
https://guardian.ng/life/martell-cognac-and-afrobeats-powerhouse-davido-toast-to-second-chapter-of-partnership-with-new-campaign/

DAVIDO SNUBS WIZKID



Following a Twitter beef between the Nigerian Afro-beat Superstars, David Adeleke and Ayodeji Balogun, popularly known as Davido and Wizkid respectively, the duo happened to meet in a nightclub in London, UK where they snubbed each other.

In a video shared by Adesope Olajide - the host of the Afrobeat podcast on X captioned: "Davido and Wizkid currently partying in the same club in London..." but it was understood that they both snubbed each other as Wizkid walked in with his crew without exchanging pleasantries and left almost immediately while Davido continued having fun.

It was reported that while Davido was partying with members of his 30 Billion Gang, Wizkid showed up to support his official disc jockey - DJ Tunez who was playing at the club.

However, after the meeting at the club, Wizkid took to his X handle later on to brag, insinuating that Davido was the one looking for his validation, claiming he runs after him "like a fanboy" anywhere he
goes.

"Everybody dey find Big Wizzy", he wrote.

This action by Wizkid has made many netizens and colleagues wade into the drama such as Davido's aide, Israel Afeare known as Israel DMW. Taunting Wizkid, he called Wizkid a noise maker and a coward, saying he feared the presence of Davido and the crew which led to him giving a snub.

Reference link:
https://dailypost.ng/2024/10/19/wizkid-davido-snub-each-other-inside-london-nightclub/

DANGOTE, TINUBU & MOFE-DAMIJO TO GRACE NDIS



The Nigeria Diaspora Investment Summit (NDIS) organized by the Nigerians in Diaspora Commission (NiiDCOM) in collaboration with the Nigeria Diaspora Summit Initiative (NDSI), is set to take place from November 5-7, 2024.

Launched in 2018, the 2024 program marks the 7th summit, themed: "New Vistas, New Aspirations, New Visions: The Diaspora and National Development." The summit is aimed at enabling the Nigerian Diaspora to contribute significantly to the Nation's development by addressing socio-economic challenges and boosting investment prospects.

Success stories from previous summits include:
● The Quebec Food Processing Industrial Parks Ltd secured an impressive 462 million Naira equity financing following their participation in the summit.
● Adubiaro Farms also attracted about 50 million Naira in investments after pitching their business at the NDSI
● Royal School of Education Therapy (RSET) received a 2 million grant for training special education teachers and improving its services for pupils with disabilities.

In essence, the summit provides a platform where investors are connected with local entrepreneurs across various sectors via diaspora engagement, an avenue for members of the diaspora to channel their resources and expertise into fostering economic growth.

This year's summit will be graced by the Nigeria President, Bola Ahmed Tinubu, Aliko Dangote, Mofe Damijo and other top personalities in every sector of the economy. President Tinubu will be the special guest of honor while Aliko Dangote will be the guest speaker on the
first day, and he'll be sharing insights from his extensive business experience in Nigeria.

Reference link: https://thesun.ng/tinubu-dangote-mofe-damijo-for-7th-ndis/

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Dangote Crushes David – A Dramatic Turn of Events!



The Nigerian billionaire - Aliko Dangote has overtaken David Seward, the richest black man in America on the Bloomberg Billionaire Index - the global billionaires' list.

He set this new world record on October 17, 2024, to become the wealthiest man globally as he meteorically moved from 161st to 64th place after earning 24 trillion Naira which is equivalent to $15 billion within hours.

Before now, Dangote was second on the richest black people list after America's David Seward with less than $12 billion. However, thanks to the operations of his refinery, he has been able to make waves just as he had predicted and earned more money in 24 hours than the three wealthiest men on earth - Elon Musk, Mark Zuckerberg, and Jeff Bezos.

Currently, he is not only Africa's richest man but the richest black man. Dangote had foreseen and predicted a whooping sum of $30 billion profit once the refinery reached total production capacity as well as an advantage to the Nigerian economy making the country a net exporter of petroleum products.


Reference link:
https://www.legit.ng/business-economy/money/1620044-dangote-ovetakes-american-billionaire-emergesworlds-richest-black-man-earns-n24trn-hours/

DAVIDO'S TIMELESS ALBUM



At the unveiling of his Puma collection, Davido revealed his fashion preference and best-performing music during a quick interview with Samuel Animashaun Perry, a Nigerian comedian, and actor, popularly known as 'Broda Shaggi' Eyebrows have been raised due to his choice of baggy clothing, which makes him look more like a rapper than a music icon.

However, he countered these opinions by saying:
"They say I like to dress like a rapper because I love urban fashion. I love wearing T-shirts, jeans, and sneakers to look comfortable. You will find me in a suit when it's time to collect money. Sometimes, I also wear Agbada."

Regarding his best-performing music to date, he admits that the Timeless album is his finest work. Released on March 31, 2023, Timeless set new records by achieving 'first-day' and 'first-week' streaming milestones across platforms such as Spotify and Audiomack. It also earned a Grammy nomination for Best Global Album. 'Timeless is my best album yet,' he says.

In anticipation of his next album, the music star promises fans that it will be even better and mind-blowing.

Reference link:
https://www.pulse.ng/entertainment/music/davido-describes-timeless-as-his-best-album/36jc6hs

DANGOTE STORMS BACK TO THE TOP



After losing the top spot as Africa's richest man to a South African billionaire named Johan Rupert since the year began, the business mogul- Aliko Dangote has found his way back to the peak - his original spot, following the establishment of the Dangote refinery.

Concerned citizens and friends believe his drop in status was facilitated by the depreciation and fluctuation in Naira as well as the construction of the refinery. The Dangote refinery located at the Lekki Free Zone (Ibeju-Lekki) on the outskirts of Lagos, Nigeria, which was said to span nearly 4000 football fields took about 7-11 years to build and was a cost expenditure of 20 billion Dollars.

According to analysts, the refinery has the potential to transform Nigeria's economy by making the country self-reliant on fuel. Backing this fact up is an analysis given by Dangote. This analysis was based on the production of the refinery.

He said the plant will meet 100% of the Nigerian consumption needs of all refined products with a production of 53 million liters of gasoline, 34 million liters of diesel, 10 million liters of kerosene, and 2 million liters of aviation jet per day, with surplus available for exports.

With the construction, completion, and commencement of the operations of the refinery, Dangote now ranks the 65th richest person in the world making him the only African in the world's top 100 richest persons' list and the richest person in Nigeria and Africa.

Reference link:
https://guardian.ng/business-services/dangote-shoots-back-to-africas-richest-man-as-refinery-begins-work
/

Can One Man Really Save the Future? - Dangote's Revolutionary Ideas



In the 2024 Dangote Sustainability Week, scheduled for October 14-18, 2024, Aliko Dangote assured all stakeholders that his business is committed to the well-being of the environment. In his words: "It is my pleasure to open this year's Dangote Group Sustainability Week discussion on a subject that is critically important, not just to Dangote Industries Limited ("Dangote" or "The Company"), but for the future of humanity."

The Sustainability Week is a reach-out initiative themed - Business Optimization for Net Zero - The Dangote Journey, which focuses on the 7 Dangote Sustainability pillars. (cultural, economic, operational, social, environmental, financial, and institutional). This initiative was carried out simultaneously in all business operations of the company across Africa, Nigeria's event is being held at Ikosi-Ketu in Kosofe Local Government Area, Lagos State.

According to him, this year's theme reveals the company's support for the United Nations Framework Convention on Climate Change's goal to stabilize greenhouse gas concentrations in the atmosphere at a level that will curb human-induced interference with the climate system.

The following measures were taken and reinforced:
● The local refinery is aimed at reducing carbon emissions from shipping crude and refined products across the world, alongside a means of reuse and recycling.
● The sugar business now generates steam using bagasse in an optimal way, reducing the use of hydrocarbon-based fuel for steam generation.
● Planting of tree seedlings across all business locations this year, which has been a movement since 2017. He urged all business units to strategize and look into other ways to reduce carbon emissions, joining the train of decarbonization and contributing their quota to Earth's Sustainability.

The Dangote journey also benefited vulnerable groups- Children, widows, and the aged with a total of 250 children and 75 households benefiting from this gesture.

Reference link:
https://www.dangote.com/dangote-sustainability-week-2024-president-ce-opening-remarks/
https://x.com/DangoteGroup/status/1846459387717484963
https://web.facebook.com/watch/?v=2311147219247414

Aliko Dangote, the wealthiest man in Nigeria with an estimated net worth of $13.2 billion proceeds to take his business to another level by establishing a family office in Dubai.

This move has been considered strategic by Netizens as Dubai is known for its favorable and stable business environment, low crime rates, affordable taxes, and global connectivity.

In an interview, he revealed he had owned the place for 17 years before converting it into a family office. In addition, Dangote has a mutual relationship with the emirate. 10 years ago, the city's main holding company bought a minority stake in his cement firm, which marks Dubai's first major investment in Africa.

The new family office will be led by his daughter, Halima Bello, who is the wife of Sulaimon Sani Bello. This new office will explore global investment opportunities and expand his wealth beyond his industrial base -Africa.

Recently, Dubai has attracted many family offices as ultra-wealthy individuals and investors are relocating their operations to the city and this indicates that it is gradually becoming a destination for wealth creation, management, and growth.

It is believed that this move and decision stems from the depreciation and fluctuations of the Naira, alongside the prominence of the city as a financial hub, targeted at strengthening its global footprint by diversifying investments.

Link: https://furtherafrica.com/2024/10/01/dangote-expands-global-investments-with-dubai-family-office/