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Standard Bank Group plans to support Dangote Industries with the planned stock market listing of its refinery and future expansion projects across AfricaStandard Bank CEO Sim Tshabalala described the facility as a transformative project that is boosting Nigeria’s economy and energy securityThe refinery stated that the plant recently increased capacity to 700,000 barrels per day from its official capacity of 650,000 barrels per day
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Africa’s biggest banking group, Standard Bank Group, has reaffirmed its support for Dangote Industries Limited, promising to help drive the company’s future expansion plans and the proposed stock market listing of the Dangote Petroleum Refinery.
The commitment was made during a visit to the Dangote Refinery and Fertiliser complex in Lagos by Standard Bank’s Chief Executive Officer, Sim Tshabalala, alongside other top executives.
Dangote Refinery’s Expansion Plan and IPO Get Fresh Backing from
