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HomeBusinessBusiness NewsDangote Reveals Why NNPC No Longer Owns 20% Stake in Dangote refinery

Dangote Reveals Why NNPC No Longer Owns 20% Stake in Dangote refinery

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 business tycoon 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.” He said. Vanguard.

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