Hot Stories

I Don’t Believe In God Anymore – Kemi Badenoch Reveals (Video)

I’m The First African Artist To Receive BET Award On Stage, Not Davido – Ice Prince Says

Shock As Pastor Gets Involved In Scandalous Row With Husband Of Church Member Over Paternity Of 4-Year-Old

Pastor Enenche And His Wife Celebrate As Daughter Graduates From Medical School (Video)

I Never Sent Anyone To Afe Babalola; Those Who Went, Did So Of Their Own Accord – Dele Farotimi

Wizkid Changed My Career – Singer, Terry Apala Opens Up

Actress, Tonto Dikeh Warns The Public About A New Scam Method

Chinese National Allegedly Orders Nigerian Soldier To Brutalise Two Workers In Lagos For Attempting To Use Back Cabin Of His Toyota Hilux

Why I Went To Prison – Rapper, Ice Prince

Ex-Kogi Deputy Speaker, Enema Paul Is Dead

Afe Babalola vs Dele Farotimi: Why Peter Obi Tried To Step In — Nzeakor

I Lost Track Of Time — Nigerian Pastor, Tobi Adegboyega Speaks On Unlawful Stay In UK, Deportation Controversy

Appreciate God For Making You Nigerian – Kizz Daniel Tells Nigerians

African Govts Should Ban Kemi Badenoch From Coming To Africa – Seun Kuti Says

Inside Finland’s Toughest Prison Where Simon Ekpa Shares Wing With Killers, R*pists

Appeal Court Sets Aside Order Restraining Release Of Funds To Rivers State

2027 Presidency: PDP Invites Goodluck Jonathan As Party’s Fate Hangs On NEC

How My Father Went From An Okada Rider To House Owner – Ola Of Lagos

Your Ancestors Are Solidly Behind You My King – Judy Austin Prays for Yul Edochie

Davido Reacts After Breaking Wizkid’s Spotify Record

NNPC No Longer Owns 20% Of Dangote Refinery - Aliko Dangote

Posted by Thandiubani on Mon 15th Jul, 2024 - tori.ng

Dangote disclosed this during a press briefing at the refinery on Sunday.

The Nigerian National Petroleum Corporation (NNPC) Limited is no longer holding a 20% stake in Dangote Refinery.

The revelation was made by the Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote.

Dangote disclosed this during a press briefing at the refinery on Sunday.

The business mogul revealed that the Nigerian oil company now owns only 7.2% of the refinery due to the NNPC’s failure to pay the balance of their share, which was due last month in June.

He stated that while the NNPC had promised to provide the funds, it has been unable to meet its obligations, thus reducing its stake in the $19 billion refinery to 7.2%.

“NNPC no longer owns 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,” Dangote said.