BREAKING: NNPC stake at Dangote Refinery now 7.2% – Dangote

Dangote refinery

By

Olayiwola Ajisafe

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation now owns only 7.2 per cent stake in the refinery.

He said the figure reduced from the initial 20 per cent.

Dangote said this while briefing journalists in Lagos State on Sunday.

He said, “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.”

Details later…

Olayiwola Ajisafe

Ajisafe is a multimedia journalist and digital copy editor with over four years experience

Punch Nigeria Limited