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…