Stowvat Investments Limited: Forex depreciation increases cost of Dangote Refinery by N2tr

Stowvat Investments Limited

Stowvat Investments Limited is a leading marketer and trader of various Nigerian light crude oil and refined petroleum products worldwide. The secret of Stowvat Investments Ltd's success is based on our continuous developing strategies that guarantee quick delivery at competitive discounted prices that many buyers cannot find elsewhere.

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Through our Associate Crude Oil Marketers and Financiers, we remove fear of non performance with high percentage of performance bond or through bearing the costs of BG/SBLC transmission to our Bank. In TTO/TTT Transactions we offer APG (Advanced Payment Guarantee) equal to the amount of funds our buyers pay to us for Logistics as part of their capability.

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Monday, 27 June 2016

Forex depreciation increases cost of Dangote Refinery by N2tr

27 June 2016, Lagos — The Chairman of Dangote Group, Alhaji Aliko Dangote, has said the ongoing refinery project in Lekki area of Lagos which was earlier projected to cost N2.8trillion would now be completed at the cost of N4.8trillion due to the prevailing foreign exchange depreciation in the country. He also revealed the impact of […] More »