Dangote Refinery raises $2.5 billion in private placement, executive says

Nigeria’s Dangote Petroleum Refinery has raised $2.5 billion through ​a private placement as it ‌seeks to strengthen its financing structure, company executive Devakumar Edwin confirmed on Friday. The ​capital raised ahead of a ​planned IPO this year is expected ⁠to help fund the refinery’s expansion ​as it ramps up operations and ​expands in domestic and… Source

Dangote Refinery raises $2.5 billion in private placement, executive says
Nigeria’s Dangote Petroleum Refinery has raised $2.5 billion through ​a private placement as it ‌seeks to strengthen its financing structure, company executive Devakumar Edwin confirmed on Friday. The ​capital raised ahead of a ​planned IPO this year is expected ⁠to help fund the refinery’s expansion ​as it ramps up operations and ​expands in domestic and…

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