Tag: Dangote Refinery

Peter Obi

Dangote Did Right Thing Investing in Nigeria, Says Peter Obi | METROWATCH

By Seyi Babalola Peter Obi, the Labour Party's 2023 presidential candidate, said on Monday that Aliko Dangote, the founder of the Dangote refinery, did the right thing by investing in Nigeria. Obi informed Dangote that he is strong enough to face all of the problems ahead of him. Last Monday, Dangote accused Nigerian National Petroleum Company Limited of attempting to sabotage his refinery's operations. Dangote said some of his friends had laughed at him for opting to site ...

NNPC

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 ...

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