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Business & Economy

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

The FrontierThe FrontierJuly 14, 2024 7290 Minutes read0

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, today 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 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.”

… developing story 

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The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.

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