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Africa’s Richest Man Dangote Gets Shs2.4Trn Loan For Oil Refinery

Dangote Group, the West African conglomerate founded by Africa’s richest man, Aliko Dangote, has signed a $650 million (Shs2.4 trillion) loan facility with the African Export-Import Bank (Afreximbank) to enable him complete the $10 billion (Shs37.4 trillion) oil refinery and petrochemical complex he is building in Lekki, Nigeria. According to a report

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Gov’t Speaks Out On ‘Discovered Oil In Kayunga District’

Government through the Ministry of Energy and Mineral Development has spoken out on the possibility of oil being discovered in Kayunga district. “There is no oil in Kayunga district,” says Yusuf Masaba, a Communication Specialist at Ministry of Energy and Mineral Development. This is after Daily Monitor published two articles  titled ‘Mad

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