October 4, 2024
Business

NNPC no longer owns 20% stake in Dangote refinery – Dangote reveals

 

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, Sunday said that the Nigerian National Petroleum Corporation no longer owns a 20 per cent stake in the refinery.

The richest man in Africa stated this while briefing journalists in Lagos State.

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

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