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Dangote states one to liquidity isn’t a challenge, and this the fresh refinery is actually well enough dollarized (which means their overseas people shell out within the You.S. dollars) to resist the fresh Naira’s devaluation. The expense obtained—to some extent as the Dangote leftover insisting on the deciding to make the refinery bigger than simply to start with structured. An enthusiastic intercompany financing to have 10 billion out of their holding business – and this has their cement, flour and you can sugar organizations – assisted financing the new refinery’s several years of prices overruns.
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