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Nigeria’s NNPC stake in Dangote refinery reduced over non-payment, CEO tells paper

Nigerian state-owned oil firm NNPC shareholding in Dangote refinery has been whittled down to 7.2% from 20% after failing to pay the balance of funding owed, Aliko Dangote, the refinery’s owner told the BusinessDay newspaper. NNPC has decided to cap its shareholding at 7.2%, which it has paid for and was communicated to the Dangote ...

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