Profit-minded Dangote to set up trading arm for Lagos mega refinery
Africa’s richest man, Aliko Dangote, is planning to set up an oil trading arm, likely based in London, to help run crude and products supply for his new refinery in…
Nigerians should be proud we’re importing petrol from Niger Republic- Sylva
Minister of State for Petroleum Resources, Timipre Sylva, said Nigerians should be proud that the country is importing petrol from Niger Republic as a way of boosting intra-regional trade. He…
Dangote refinery, largest in the world, to cost $14bn
Africa’s richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told…
Dangote signs $650m refinery loan with Afreximbank
Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would…