NNPCL Reveals Reason for Drop in Dangote Refinery’s Stake to 7.2% | METROWATCH
By Seyi Babalola The Nigerian National Petroleum Company Limited has opted not to increase its prior investment in the Dangote Refinery, which produces 650,000 barrels per day. Olufemi Soneye, an NNPCL spokeperson, revealed this in a brief statement in response to Dangote Refinery's news that NNPC's investment has dropped to 7.2 percent, down from 20%. According to Soneye, NNPCL chose some months ago to limit their investment to the amount previously paid. Soneye said that the decision not to invest any further in the ...








