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liquidity issues

  1. Fitch Reports Dangote Group to Divest 12.75% Stake in Refinery Over Liquidity Concerns

    Nigeria Fitch Reports Dangote Group to Divest 12.75% Stake in Refinery Over Liquidity Concerns

    Fitch Ratings has reported that Dangote Group plans to sell a 12.75% stake in its refinery due to liquidity issues. The divestment aims to service a large loan due in August 2024. Fitch downgraded Dangote Industries Limited's ratings amid financial strain, though GCR Ratings maintains a higher...
    • Wakanda
    • Article
    • 2 min read
    • dangote group dangote industries limited fitch ratings liquidity issues refinery stake sale
    • Category: Business

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