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Nigeria’s Stake in Dangote Refinery Drops to 7.2%

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Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • NNPC’s reduced stake results from unmet capital obligations
  • Dangote Refinery targets full capacity by March next year

Abuja, Nigeria – Nigeria’s stake in Dangote Refinery and Petrochemical Co., the world’s biggest single-train refinery, has dropped to 7.2%, according to Aliko Dangote, Africa’s richest man and the refinery’s majority owner.

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