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September 7, 2024
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NNPC no longer owns 20% of Dangote Refinery – Dangote

The Nigerian National Petroleum Corporation, NNPC has reduced its stake in the Dangote Refinery from 20% to 7.2%.

Aliko Dangote, the Chief Executive Officer of Dangote Refinery shared this update while addressing journalists in Lagos State on Sunday.

He stated, “NNPC no longer owns a 20% stake in the Dangote refinery. They were meant to pay their balance in June but have yet to fulfill the obligations. Now, they only own a 7.2% stake in the refinery.”

Details later…

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