
NNPC Reduces Stake in Dangote Refinery to 7.2%
By Ayomide Otitoju LAGOS, July 14 (Reuters) – Aliko Dangote, CEO of Dangote Refinery, has announced that the Nigerian National Petroleum Corporation (NNPC) now holds only a 7.2% stake in the refinery, down from the initial 20%. Speaking to journalists in Lagos State on Sunday, Dangote explained that the reduction resulted from NNPC’s failure to…