Strait of Hormuz closure has become a "payday" for Africa's richest man as fortune swells over $35 billion

The closure of the Strait of Hormuz is benefiting Aliko Dangote's refinery business due to global energy disruptions, particularly rising refining margins and increased demand for alternative supplies. Fertilizer and jet fuel prices have surged amid tightening global supply, with Dangote planning to significantly expand his Lagos refinery's capacity. Despite improved domestic fuel security in Nigeria, the continent remains vulnerable to shocks from the ongoing Middle Eastern conflict.