Dangote Refinery Dangote Refinery The Dangote Refinery is an oil refinery owned by the Dangote Group that is under construction in Lekki, Nigeria. When complete, it will have a capacity to process about 650,000 barrels per day of crude oil. Nigerian businessman Aliko Dangote unveiled early plans for the refinery in September 2013, when he announced that he had secured about $3.3 billion in financing for the project. At the time, the refinery was estimated to cost about $9 billion, of which $3 billion would be invested by the Dangote Group and the remainder via commercial loans, and begin production in 2016.
Black billionaires Black billionaires Black billionaires is a term used to describe African Americans and others of Black African ancestry with a net worth of at least US$1 billion. According to Forbes 2018 ranking of the world's billionaires, Nigerian business magnate Aliko Dangote with a net worth of $13.8 billion is the world's richest black person. Others on the list are Nigeria's Mike Adenuga with $4.6 billion, American media mogul Oprah Winfrey with a net worth of $2.8 billion (2018),South African gold magnate Patrice Motsepe, with $2.9 billion,South African Diamonds mining magnate Byaruhanga Kimberly Junior,with $2.8 billion, Nigeria's Folorunsho Alakija with $2.5