Aliko Dangote’s Net Worth Nears $30 Billion Amid Oil Refinery Boom, Other Projects

Aliko Dangote’s net worth nears $30 billion amid oil refinery boom, other projects

Africa’s wealthiest individual, Aliko Dangote, is closing in on a $30 billion net worth, fueled by the rise of his industrial empire and the full-scale operation of Africa’s largest oil refinery—a project that has placed him at the center of Nigeria’s efforts to become a net exporter of refined petroleum products.  The post Aliko Dangote’s net worth nears $30 billion amid oil refinery boom, other projects  appeared first on Nairametrics.

Afreximbank leads $4 billion loan to boost Dangote Refinery

Key PointsAfreximbank leads $1.35 billion financing for Dangote Refinery, part of $4 billion syndicated loan to boost Nigeria’s energy output.Dangote Refinery ramps up to 500,000 barrels daily; eyes IPO and 700,000 bpd upgrade to expand refined fuel distribution across Africa.Refinancing eases operational costs, supports industrial growth, and signals growing confidence in Africa-led infrastructure financing and energy transformation. The Africa…

Dangote, Afreximbank, Others Sign $1.35b Refinery Refinancing Deal

African Export-Import Bank (Afreximbank) has announced the signing of a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately 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. This financing— one of the largest syndicated loan…