Aliko Dangote, the CEO of Dangote Refinery, announced a game-changing strategy that could reduce Nigeria’s foreign exchange demand by at least 40...
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Maroc - BAMMAGAZINE.COM.NG - A La Une - 01/Sep 14:02
Dangote refinery and Nigeria’s forex crisis
Adedeji said that the pressure on foreign exchange would drastically reduce if sales of crude oil to Dangote were dominated by local currency. The 20-billion-dollar Dangote refinery investment with 650,000 barrel capacity per day will undoubtedly boost Nigeria’s foreign exchange. Equally, the project is expected to reduce the pressure on foreign exchange drastically if sales...
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