Fitch downgrades Dangote Industries over Naira devaluation, operational and financial underperformance

Fitch Ratings has downgraded Dangote Industries Limited’s national long-term rating to B+(nga) from AA(nga). Fitch, an international credit rating agency, simultaneously placed the ratings on Rating Watch Negative (RWN). The…

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Obasanjo explains why fuel importers will frustrate Dangote, faults Tinubu on subsidy removal

Elder statesman and former President Olusegun Obasanjo has explained why those benefiting from the lucrative business of fuel importation will make every effort to frustrate the Dangote Petroleum Refinery. Obasanjo…

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