The billionaire tycoon explained that proceeds from Geregu stake sale were channelled into Dangote Refinery investment ahead of planned public offering.

The Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote refinery.

Nigerian billionaire Femi Otedola has committed $100 million to the upcoming private placement of the Dangote Refinery, marking a major reversal from comments he made just weeks…