News
$14 billion refinery: CBN assures Dangote of support to get FOREX
The Central Bank of Nigeria, CBN, has said that it would assist the Dangote Group to access foreign exchange to facilitate its $14 billion refinery project.
Godwin Emefiele, the Governor of the CBN, said this during a tour of the refinery which is projected to refine 650,000 barrels of crude oil per day.
The tour of the facility held on Sunday at its location within the Lekki Free Trade Zone in Lagos.
The CBN governor said that the support was to ease the importation of equipment needed to bring the Dangote refinery to reality.
“Your ongoing 14 billion dollar refinery investment will enjoy our support, no doubt.
“We are doing this to fast-track the importation of equipment you need for a speedy completion of that project and to encourage other Nigerians to follow your lead,” Mr. Emefiele said.
According to him, the tour is necessary to lend our support to this laudable project that will transform Nigeria’s downstream oil sector.
SOURCE:http://www.premiumtimesng.com/news/top-news/196557-14-billion-refinery-cbn-assures-dangote-of-support-to-get-forex.html
Osun Poll: Hunters Declare For Oyebamiji, Promise 100,000 Votes
Accord Party Presidential Candidate, Gbenga Hashim, Accuses Tinubu Of Waging War Against Osun
Osun Poll: Farmers, Butchers Endorse Adeleke’s Re-Election Bid
Osun 2026: NPA Director, Badmus Faults Adeleke Government Over Youth Engagement, Sports Development
Osun 2026: Will History Repeat Itself ?
‘Lagos Is Not Rivers’ – PDP Tackles Wike Over Bode George
-
News4 days agoOsun 2026: Davido Calls For Peace, Respect For People’s Mandate
-
News4 days agoSokoto’s ₦1.7bn NYSC Camp Rehabilitation Hits 80% Completion
-
News5 days agoOlojudo Declares Ooni Sole Leader Of Yoruba Traditional Institution, Dismisses Reported Split
-
News3 days agoJust In: Tinubu Orders EFCC To Vacate Court Order Freezing Osun Government Accounts