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Thursday March 28, 2024

Loan signed for oil refinery

By REUTERS
July 15, 2018

ABUJA: 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.

Africa´s trade bank, based in Egypt, also signed a $750 million facility with Nigeria´s development bank, the Bank of Industry. Reuters witnessed the signing of both loans on Saturday.