Dangote seeks billions to boost crude supplies at new Nigerian refinery

Q: How long will it take to read this news story?

The story "Dangote seeks billions to boost crude supplies at new Nigerian refinery" has 756 words across 29 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Dangote seeks billions to boost crude supplies at new Nigerian refinery" was covered 21 hours ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 9 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23625151</li><li>URL: https://beamstart.com/news/dangote-seeks-billions-to-boost-17318258485587</li></ul>

Financial Times 21h ago

Dangote seeks billions to boost crude supplies at new Nigerian refinery - Financial Times

Quick Summary:

Investors have expressed frustration at Dangote’s inability to gain a steady supply of crude, according to one banker involved in the fundraising.

Nigerian business tycoon Aliko Dangote is seeking to raise billions of dollars to step up production at his $20bn oil refinery on the outskirts of Lagos.

NNPC did not respond to requests for comment on the fundraising or meeting.NNPC has a 7.2 per cent stake in the refinery, which was watered down from 20 per cent after it failed to pay the balance of a deal worth $2.7bn.