The Nigerian National Petroleum Corporation (NNPC) has decreased its ownership in the Dangote Refinery from 20% to 7.2%, according to Aliko Dangote, CEO of Dangote Refinery.
Dangote announced this update during a press briefing in Lagos State on Sunday.
“NNPC no longer owns a 20% stake in the Dangote refinery. They were supposed to pay their balance in June but have not met their obligations. As a result, they now hold only a 7.2% stake in the refinery,” Dangote stated.
Details later.
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