A $3.3 billion syndicated loan Nigeria’s Dangote Industries clinched this week to build a 400,000-barrel per day oil refinery and petrochemical plant has a 7-year tenor or maturity, a banking source involved in the deal said. Dangote Industries will have to start repayments after three years, the source said. The […]
Tag: Dangote
Dangote Sugar Appoints New Chief Financial Officer
By InvestAdvocate Lagos (INVESTADVOCATE)-Dangote Sugar Refinery Plc (DANGSUGAR) Tuesday said it has appointed a new Chief Financial Officer (CFO). This is contained in a notice from the company to the Nigerian Stock Exchange (NSE) in Lagos Nigeria. According to DANGSUGAR, it has appointed Yusuf Suleiman as its Chief Financial Officer. […]
Dangote Is Africa’s First $20 Billion Man, now 25 richest in the world
Nigerian billionaire and Africa’s richest man Aliko Dangote has scored yet another first. This time, he has been named the Africa’s first $20 billion man, thus becoming one of the top 25 richest men in the world. With a current market cap of $20.5 billion, Dangote Cement becomes the first […]
