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Aliko Dangote Declares: NNPC no longer owns 20% of Dangote Refinery

By tension
Aliko Dangote, president and chief executive officer of Dangote Group, listens during a Bloomberg Television interview on the sidelines of the Bloomberg New Economy Forum in Singapore, on Tuesday, Nov. 6, 2018. The New Economy Forum, organized by Bloomberg Media Group, a division of Bloomberg LP, aims to bring together leaders from public and private sectors to find solutions to the world's greatest challenges. Photographer: Wei Leng Tay/Bloomberg via Getty Images

Chief Executive Officer of Dangote refineries, Aliko Dangote has revealed that the NNPC no longer has a 20% stake in the refinery during a press briefing at the refinery on Sunday.

He affirmed that the shares of the NNPC has dropped just 7.2% as a result of the NNPC’s inability to meet up the balance of their shares which has been due since last month in June.

NIGERIA – DECEMBER 12: Men walk past a Nigerian National Petroleum Corporation tanker outside the NNPC headquarters in Abuja, Nigeria, Tuesday, December 12, 2006. OPEC, the producer of 40 percent of the world’s oil, convenes this week in Abuja, Nigeria, its first conference in Africa’s largest oil-producing nation since 1972. (Photo by Suzanne Plunkett/Bloomberg via Getty Images)

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