Aliko Dangote Smiles Again (Business)

 Aliko Dangote is set on the way to increase his mammoth wealthy with this latest news. 




Aliko Dangote. (Courtesy, CNN)

The Africa's richest man's foresight and innovation has made him a force to be reckoned with. From manufacturing to cement production, when he made a foray into the oil business by building a refinery, he encountered many challenges. 

It got so bad that he considered selling Dangote Refinery. But now, he looks set to beam all way to the banks with this latest development although as a result of negative development.

The w@rs in Ukraine, Israel - Gaza, and not the Iran w#r has created disruptions in global oil markets. Iran recently closed the Straits of Hormuz which is the sea route for 20 percent oil ships. 




Dangote Refinery (Courtesy Google)

The inability of enough oil to go round has led to increase in oil prices. As a result, some African countries are turning ti Dangote Refinery to meet their oil demands. South Africa.has already indicated interest in doing this with the Nigerian refinery. 

And with that, Dangote Refinery can now breathe sighs of relief. . 


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