{"id":179175,"date":"2025-09-16T22:15:48","date_gmt":"2025-09-16T21:15:48","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/dangotes-fear-of-monopoly-affected-fuel-investments"},"modified":"2025-09-16T23:14:19","modified_gmt":"2025-09-16T22:14:19","slug":"dangotes-fear-of-monopoly-affected-fuel-investments","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/dangotes-fear-of-monopoly-affected-fuel-investments","title":{"rendered":"Dangote&#8217;s Fear of Monopoly Affected Fuel Investments"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The chairman of Dangote Group, Aliko Dangote, has said fear of being labelled a monopoly was the reason he did not buy Mobil, Africa Petroleum, and Oando petroleum products distribution companies.<\/p>\n<p>He disclosed this during a recent media briefing amid the company\u2019s face-off with the Nigerian Union of Petroleum and Natural Gas Workers, NUPENG.<\/p>\n<p>Dangote explained that at the earlier stage of his 650,000 barrels per day refinery project, he had intended to restrict operations to petroleum products production.<\/p>\n<p>\u201cWe didn\u2019t want to go into retail. It was during the time we were building this refinery that they sold Mobil, AP, and Oando. We could have bought them, the three of them didn\u2019t cost N500 million.<\/p>\n<p>\u201cIf we knew this was going to happen, maybe we would have done it the other way. But we didn\u2019t want to be called a monopoly; that\u2019s why we left that side. Restrict ourselves to production, they will become our customers, and we will have a nice party together,\u201d he stated.<\/p>\n<p>He, however, stressed that he is ready to confront players in the country\u2019s downstream oil sector.<\/p>\n<p>\u201cBut if they are looking for fights, I have been fighting all my life,\u201d he said.<\/p>\n<p>In recent weeks, Dangote Group and NUPENG have clashed over unionisation disputes. NUPENG had accused Dangote Refinery of anti-labour activities over its fuel distribution scheme.<\/p>\n<p>However, Dangote has repeatedly denied NUPENG\u2019s claims.<\/p>\n<p>On Monday, the Dangote Refinery commenced its fuel distribution scheme nationwide despite opposition from key stakeholders in the downstream oil sector.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The chairman of Dangote Group, Aliko Dangote, has said fear of being labelled a monopoly was the reason he did not buy Mobil, Africa Petroleum, and Oando petroleum products distribution companies. He disclosed this during a recent media briefing amid the company\u2019s face-off with the Nigerian Union of Petroleum and Natural Gas [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":179174,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28,2660],"tags":[9669,1233,4204,254,6691],"class_list":["post-179175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-to-homepage","tag-ap","tag-dangote","tag-mobil","tag-nigeria","tag-oando"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dangote&#039;s Fear of Monopoly Affected Fuel Investments - Nigeria<\/title>\n<meta name=\"description\" content=\"The chairman of Dangote Group, Aliko Dangote, has said fear of being labelled a monopoly was the reason he did not buy M ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/dangotes-fear-of-monopoly-affected-fuel-investments\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dangote&#039;s Fear of Monopoly Affected Fuel Investments\" \/>\n<meta property=\"og:description\" content=\"The chairman of Dangote Group, Aliko Dangote, has said fear of being labelled a monopoly was the reason he did not buy M ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/dangotes-fear-of-monopoly-affected-fuel-investments\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-16T21:15:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-16T22:14:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/09\/sm_1758048412.050137.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dangotes-fear-of-monopoly-affected-fuel-investments#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dangotes-fear-of-monopoly-affected-fuel-investments\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Dangote&#8217;s Fear of Monopoly Affected Fuel Investments\",\"datePublished\":\"2025-09-16T21:15:48+00:00\",\"dateModified\":\"2025-09-16T22:14:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dangotes-fear-of-monopoly-affected-fuel-investments\"},\"wordCount\":278,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dangotes-fear-of-monopoly-affected-fuel-investments#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/09\/sm_1758048412.050137.jpg\",\"keywords\":[\"ap\",\"Dangote\",\"mobil\",\"Nigeria\",\"oando\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/dangotes-fear-of-monopoly-affected-fuel-investments#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dangotes-fear-of-monopoly-affected-fuel-investments\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/dangotes-fear-of-monopoly-affected-fuel-investments\",\"name\":\"Dangote's Fear of Monopoly Affected Fuel Investments - 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