The Nigerian Nationwide Petroleum Firm Restricted (NNPCL) has introduced plans to extend its possession stake within the Dangote Refinery from 7.2 per cent to twenty per cent as a part of efforts to strengthen its function in Nigeria’s vitality worth chain.
The Group Chief Government Officer of NNPCL, Bayo Ojulari, disclosed this through the Abu Dhabi Worldwide Petroleum Exhibition and Convention 2025 held within the United Arab Emirates (UAE).
Ojulari, quoted by Reuters, mentioned the transfer aligned with the oil firm’s long-term technique to broaden its participation in key home refining and vitality infrastructure initiatives.
“The corporate is working in direction of growing its stake in Nigeria’s Dangote Refinery to twenty per cent,” he mentioned.
His remarks come shortly after the President of Dangote Industries Restricted, Aliko Dangote, confirmed that NNPCL may enhance its fairness within the refinery as soon as the corporate had demonstrated its full operational capability.
In the meantime, NNPCL shops in Abuja have diminished their petrol pump value from ₦955 to ₦945 per litre, following enhancements in gas provide after earlier distribution challenges on the Dangote Refinery.
