cropped cropped cropped firstnews 6 1

NNPC’s stake in Dangote Refinery reduced to 7.2%, says Aliko Dangote

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has announced that the Nigerian National Petroleum Corporation (NNPC) no longer holds a 20% stake in the refinery.

Speaking to journalists in Lagos State on Sunday, Dangote revealed that NNPC’s ownership has been reduced to 7.2%.

“NNPC no longer owns a 20% stake in the Dangote refinery,” Dangote stated.

“They were supposed to pay their balance in June but have yet to fulfill the obligations. Now, they only own a 7.2% stake in the refinery.”