Dangote Pays Back 70% of Loans Used to Construct Refinery

The Dangote Group has paid back about 70% of the loans it took to construct its mega 650,000 bpd Refinery in Lagos.

This was disclosed by the Governor of the Central Bank of Nigeria (CBN) at the commissioning event for the Refinery.

“The Dangote Group has paid down its total loans outstanding on this Refinery project from $9bn to $2.7bn today,” Emefiele said.

“This is a reflection of the credit worthiness of the Dangote Group.”