Tuesday, May 7, 2013

Dangote secures $4.25 billion for oil refinery project

Founder and CEO of the Dangote Group., Aliko Dangote. PHOTO/File

(Bloomberg) - Dangote Group CEO, Aliko Dangote, has revealed that he has secured US$4.25 billion to build a refinery.

Refining “is an excellent business to get in to,” Dangote said in an interview with Bloomberg TV’s Ryan Chilcote in Cape Town, where he was attending a business forum. “We have already secured US$4.25 billion. Two offshore banks and the rest are Nigerian banks.”

Nigeria, a member of the

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