• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Dangote Sees Growth In Export Of Refined Products With $1.35Bn Afreximbank’s Deal

by Chika Izuora
3 weeks ago
in Business
Dangote Sees Growth In Export Of Refined Products With $1.35Bn Afreximbank’s Deal
Share on WhatsAppShare on FacebookShare on XTelegram

The president/chief executive of Dangote Industries Limited, Aliko Dangote, has said the company’s refinery project will  sustain capacity utilisation and expansion after it secured a $1.35 billion deal from the African Export-Import Bank (Afreximbank).

Advertisement

Dangote said, “Afreximbank’s contribution to this milestone financing underscores our shared vision to industrialise Africa from within. This refinancing strengthens our balance sheet and accelerates the refinery’s supply of high-quality refined petroleum products across Africa easily.

The syndicated facility attracted strong participation from leading African and international financial institutions, reflecting enduring confidence in Africa’s industrial potential and Dangote’s vision in transforming Africa”.

Afreximbank had earlier announced the signing of a US$1.35 billion financing facility for Dangote Industries Limited (DIL).

The facility is part of a larger US$4 billion syndicated financing arrangement for Dangote Industries Limited (DIL), Africa’s largest industrial conglomerate. Afreximbank acted as the Mandated Lead Arranger for the syndication.

RELATED

How To Calculate Pips In Forex And Other Important Tips For Traders

How To Calculate Pips In Forex And Other Important Tips For Traders

7 minutes ago
Fitch Upgrades Afreximbank To ‘BBB’

Japan Agency Rating Reinforces Afreximbank’s Credibility, Says Denya

2 hours ago
ADVERTISEMENT

This financing— one of the largest syndicated loans in recent African financial markets—will refinance capital expended on constructing the Dangote Petroleum Refinery and Petrochemicals Complex, the biggest single-train refinery in the world with a capacity of 650,000 barrels per day. The financing alleviates initial operational expenditures and enhances DIL’s balance sheet, supporting its continued growth trajectory.

Afreximbank contributed US$1.35 billion, the largest share among participating banks, underscoring its commitment to large-scale infrastructure that advances Africa’s industrialisation, energy security, and intra-African trade.

Since operations at the refinery complex began in February 2024, Afreximbank has continued to support the Dangote Refinery by providing key financing solutions for crude supply and product offtake, ensuring uninterrupted operations and reinforcing its role in Africa’s most significant refining intervention.

ADVERTISEMENT

Commenting on the development, Professor Benedict Oramah, President & Chairman of the Board of Directors at Afreximbank, said:

“With this landmark deal, we again demonstrate that Africa’s development can only be meaningfully financed from within. It is only when African institutions lead the way that others can follow. The journey to utilise African resources for its economic transformation is underway. Through the Bank’s funding support, we are enhancing the capacity of the Dangote Refinery and Petrochemical Industries Ltd to produce and supply high-quality refined petroleum products to the Nigerian market and export to the entire continent and the world. Our energy security is in sight.”

 

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: AfreximbankAliko Dangote
SendShare10178Tweet6362Share
ADVERTISEMENT
Previous Post

‘Egbin Power Plc, Ikeja Electric, FIPL Not In Receivership’

Next Post

Tinubu Will Sweep Kogi Votes In 2027 – Sen Karimi

Chika Izuora

Chika Izuora

You May Like

How To Calculate Pips In Forex And Other Important Tips For Traders
Business

How To Calculate Pips In Forex And Other Important Tips For Traders

2025/08/29
Fitch Upgrades Afreximbank To ‘BBB’
Business

Japan Agency Rating Reinforces Afreximbank’s Credibility, Says Denya

2025/08/29
BREAKING: Emirates Airlines Resumes Flights To Nigeria October 1
Business

Emirates Airline To Participate In Africa Tourism, Creative Economy Expo

2025/08/29
Tinubu Names Abubakar Dantosho MD Of NPA
Business

NSC Boss Lauds Dantsoho On Election As IAPH Vice President

2025/08/29
tinubu
Business

Capital Market Stakeholders Back Tinubu’s Reforms, Urge Companies To List On NGX

2025/08/29
FG Inaugurates National Building Code Advisory Committee
Business

FG Inaugurates National Building Code Advisory Committee

2025/08/29
Leadership Conference advertisement

LATEST

How To Calculate Pips In Forex And Other Important Tips For Traders

Tottenham Sign Simons From RB Leipzig For £52m

JUST-IN: Many Feared Dead As Sokoto Records Another Boat Tragedy

Jonathan Hasn’t Ruled Himself Out Of 2027 Presidential Contest, Says Ex-President’s Cousin

Court Jails Businessman 6 Months For Cocaine Trafficking

Lagos Records 8,692 Domestic, Sexual Violence Cases In 1 Year

PICTORIAL: Obasanjo Visits Alaafin Amid Row With Ooni

Abu Shouk: Inside Sudan’s Painful Memory

Japan Agency Rating Reinforces Afreximbank’s Credibility, Says Denya

Edo Resident Doctors Laud Okpebholo Over 2024 MRTF Payment, Ezoti Quarters Renovation

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.