Dangote Refinery seeks to divest 12.75% stake this year - Fitch
Fitch ratings recently downgraded Dangote Industries to B+ and further noted that the plans by the group to divest a 12.75 per cent stake in the Dangote Refinery this year will need to be timely to meet to meet the maturity of a significant syndicated loan maturing in August. Meanwhile, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun says the country currently spends 600 million dollars on fuel importation monthly. Temitope Kolade, Senior Manager, Oil, Gas and Power at Andersen Nigeria joins CNBC Africa for more.
Thu, 08 Aug 2024 12:03:24 GMT