
Dangote: NNPCL’s Stake in Refinery Capped at 7.2%
By Ayomide Otitoju Lagos, Nigeria – Aliko Dangote, CEO of the Dangote Group and owner of the Dangote Refinery, revealed last week that the Nigerian National Petroleum Corporation Limited (NNPCL) has capped its equity in the Dangote Petroleum Refinery at 7.2%, contrary to the speculated 20%. Dangote explained, “The agreement was actually for a 20%…