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Aliko Dangote, the President of Dangote Group has reiterated that his $20 billion Lagos-based refinery will stabilize the Naira against the dollar at the foreign exchange market. The African richest man disclosed this in a 25-minute interview with Bloomberg Television on Monday. He noted that petroleum products imports consume about 40 percent of Nigeria’s foreign exchange. According to him, the kick-off of Dangote Refinery petrol distribution on September 15, 2024, will reduce the demand of Dollars by 40 percent. “And then we will also sell in the domestic market. What that will do is that it…

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