Dangote Refinery Dangote Refinery The Dangote Refinery is an oil refinery owned by the Dangote Group that is under construction in Lekki, Nigeria. When complete, it will have a capacity to process about 650,000 barrels per day of crude oil. Nigerian businessman Aliko Dangote unveiled early plans for the refinery in September 2013, when he announced that he had secured about $3.3 billion in financing for the project. At the time, the refinery was estimated to cost about $9 billion, of which $3 billion would be invested by the Dangote Group and the remainder via commercial loans, and begin production in 2016.
Nigerian Export-Import Bank Nigerian Export-Import Bank The Nigerian Export-Import Bank (NEXIM) is an export credit agency in Nigeria, established in 1991. The bank was established by the Federal Government of Nigeria with Act 38 of 1991 to replace the Nigerian Export Credit Guarantee & Insurance Corporation. It provides export credit guarantees and export credit insurance for exports of Nigerian commodities and services within and outside West Africa. In 2014 it had a capacity of $39.5 billion in credit and securities for Nigeria's non-oil exports. Bashir Mahe Wali is the Acting. Managing Director/Chief Executive Officer of the Bank; he was appointed in February 2016