Dangote Rejects NNPC Offer for Increased Refinery Stake
Aliko Dangote has reportedly rejected an offer from the Nigerian National Petroleum Company (NNPC) to increase its stake in his refinery. Dangote confirmed his decision regarding the proposed equity increase.
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Dangote rejects NNPC offer to increase stake in refinery
Aliko Dangote rejects NNPC’s offer to raise its stake in the Dangote Refinery, revealing plans for a public listing to empower Nigerian shareholders. Read More: https://punchng.com/dangote-rejects-nnpc-offer-to-increase-stake-in-refinery/
By Punch Newspapers
Read full article →I rejected NNPC’s offer to increase stake in refinery – Dangote
“The other biggest risk is government inconsistencies in policies, and we are addressing that one because if you look at our refinery, the national oil company already owns 7.25 per cent, and they are trying to buy more. We are the ones that said no; we want to now spread it and have everybody be part of it.” The post I rejected NNPC’s offer to increase stake in refinery – Dangote appeared first on Vanguard News.
By Ayobami
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