Business
Breaking: Controversy rocks Dangote refinery as owner announces decrease in NNPC’s stake
Aliko Dangote has announced that the Nigerian National Petroleum Company Limited’s (NNPCL) stake in his refinery has been reduced.
He announced that it has decreased from 20 percent to 7.2 percent.
He made the an announcement during a press briefing at the refinery on Sunday.
According to him, NNPC failed to pay the remaining balance for their share, which was due in June.
“NNPC no longer holds a 20 percent stake in the Dangote refinery. Their payment deadline was in June, but they have not fulfilled their financial obligations. As a result, their stake is now 7.2 percent,” Dangote stated.
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