DANGOTE SHOPS FOR ADDITIONAL N300B TO FINANCES REFINERY

 Dangote Enterprises Limited (DIL) at the end of the week opened an application rundown to raise up to N300 billion in medium-term obligation financing from the Nigerian capital market.

The cash is to back the Dangote Oil Processing plant being implicit Lagos and due for finishing in the primary quarter of the following year.

The firm, through a unique reason vehicle reserve. Dangote Enterprises is offering two tranches of bonds to raise up to N150 billion, with an arrangement to increase to the regular of its N300 billion enrolled bond issuance program.

The book fabricating a register for imminent financial backers for the N300 billion bond issuance is planned to close Thursday.

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