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Dangote Industries Limited
Dangote Group is a Nigerian conglomerate that makes and sells cement, food staples like sugar and flour, and fuel from its giant new oil refinery.
Dangote Group is a giant Nigerian conglomerate — a collection of businesses under one roof that makes the basic things a fast-growing country needs. Its best-known business is cement, sold under the Dangote Cement brand across Africa. It also makes everyday food staples such as sugar, flour, and salt, and it has moved into fuel with a massive new oil refinery in Nigeria.
The cement business is the engine. Dangote Cement is Africa's largest cement producer, with plants in Nigeria and several other countries, and it sells the grey powder that builders mix into concrete for homes, roads, and offices. Customers are construction companies, governments, and ordinary people building a house. Cement is heavy and cheap, so it is expensive to ship long distances — which means a plant with local reach and scale can undercut rivals and still make good money. The food arm, Dangote Sugar Refinery, buys raw sugar from abroad, refines it, and sells it to food and drink makers and households in Nigeria. These are low-margin, high-volume products, but they feed a huge population and benefit from strong local brands and distribution.
The newest and boldest bet is the Dangote Petroleum Refinery near Lagos, one of the largest single-train refineries in the world. For decades Nigeria pumped crude oil but imported almost all its gasoline and diesel, so a refinery that turns local crude into fuel could keep a lot of that money at home. The refinery is still ramping up, and it is capital-hungry, but it is the biggest swing in the company's history. Dangote remains privately held, controlled by founder Aliko Dangote, one of Africa's richest people.
Saved answer · last researched 10 Nov 2026