Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home News

Dangote Industries to Borrow N112bn to Complete Refinery Project

Somto NwanoluebySomto Nwanolue
October 26, 2022
in News
0
Dangote Industries to Borrow N112bn to Complete Refinery Project
Share on FacebookShare on TwitterShare on Whatsapp

Aliko Dangote’s company: Dangote Industries Limited has made plans to borrow N112 billion from investors to finish up its refinery project.

The company needs an additional $1.1 billion to be partially funded by the new bond this year, for the project to be completed.  

The N112 billion loan money is the balance of the N300 billion bond raised by DIL in July 2021.

Proceeds from the bond will be used to part-finance the refinery project which is earmarked to commence operations in the first quarter of 2023.

Meanwhile, in a note written to investors on Tuesday, October 25, Afrinvest West Africa Limited, the joint issuing house, reported that the latest N112,415,455,000 bond with a 10 years tenor would be opened to the public within the next few days.

Tags: borrowCompleteDangote IndustriesN112bnRefinery Project
Somto Nwanolue

Somto Nwanolue

Somto Nwanolue is a news writer with a keen eye for spotting trending news and crafting engaging stories. Her interests includes beauty, lifestyle and fashion. Her life’s passion is to bring information to the right audience in written medium

Related Posts

How Did the Manchester Synagogue Attack Unfold? A Minute-by-Minute Timeline
News

How Did the Manchester Synagogue Attack Unfold? A Minute-by-Minute Timeline

October 2, 2025
What Does a 'State of Calamity' Mean for the Philippine Province Struck by Earthquake?
News

What Does a ‘State of Calamity’ Mean for the Philippine Province Struck by Earthquake?

October 1, 2025
Is Morocco the Next Nepal? Inside the Gen Z Protests Shaking the Kingdom
News

Is Morocco the Next Nepal? Inside the Gen Z Protests Shaking the Kingdom

October 1, 2025
Next Post
Buhari seeks Korean investments and offers security and electricity.

Buhari seeks Korean investments and offers security and electricity.

Court orders FG to send Kanu back to Kenya

Court orders FG to send Kanu back to Kenya

Burkina Faso’s coup leader names cabinet

Burkina Faso's coup leader names cabinet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Elon Musk Loses $11.9bn as New Airport for Tesla is Ruled Out

Elon Musk Loses $11.9bn as New Airport for Tesla is Ruled Out

3 years ago
Court Remands Police Officer for Killing Female Lawyer in Lagos

Court Remands Police Officer for Killing Female Lawyer in Lagos

3 years ago
Delay in Hostage Release: Hamas Insists on Northern Gaza Aid

Delay in Hostage Release: Hamas Insists on Northern Gaza Aid

2 years ago
President Bola Tinubu Takes Charge: ECOWAS Convenes Emergency Summit to Address Niger’s Political Crisis

President Bola Tinubu Takes Charge: ECOWAS Convenes Emergency Summit to Address Niger’s Political Crisis

2 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Is Britain’s Fight Against Antisemitism Failing After Manchester Synagogue Attack

Is China’s New ‘K Visa’ a Direct Challenge to the US H-1B Program?

BBNaija S10: Here’s Why Fans Are Demanding Faith’s Disqualification

Supreme Court or Nothing: Rivers Emergency Suit Thrown Out

NARD Sounds Alarm as Malnutrition Wipes Out Nigeria’s Next Generation

Investors Dumped U.S. Assets Overnight As Government Shutdown

Trending

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

byEriki Joan Ugunushe
October 3, 2025
0

The Nigerian Naira has been dealt yet another humiliating blow in the black market, as foreign currencies—particularly...

Oba Ewuare II Dismisses Iyaloja Role In Benin

Oba Ewuare II Dismisses Iyaloja Role In Benin

October 2, 2025
Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

October 2, 2025
Is Britain's Fight Against Antisemitism Failing After Manchester Synagogue Attack

Is Britain’s Fight Against Antisemitism Failing After Manchester Synagogue Attack

October 2, 2025
Is China's New 'K Visa' a Direct Challenge to the US H-1B Program?

Is China’s New ‘K Visa’ a Direct Challenge to the US H-1B Program?

October 2, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
  • Oba Ewuare II Dismisses Iyaloja Role In Benin
  • Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com