NNPCL targets 20 per cent ownership stake in Dangote Refinery

Keep up with the latest news and be part of our weekly giveaways and airtime sharing; follow our WhatsApp channel for more updates. Click to Follow us

The Nigerian National Petroleum Company Limited, NNPCL stated that it intends to raise its shareholding position in Dangote Refinery from 7.2% to 20%.

This was revealed by Bayo Ojulari, CEO of NNPCL Group, during his speech at the Abu Dhabi International Petroleum Exhibition and Conference 2025.

He claims that the action is a component of the state-owned company’s plan to increase involvement in the nation’s energy value chain.

“The company is working towards increasing its stake in Nigeria’s Dangote Refinery to 20 per cent,” Ojulari was quoted by Reuters as saying.

Aliko Dangote, the president of Dangote Refinery, reportedly stated that the NNPCL may increase its ownership. But he pointed out that this would only take place if Dangote Refinery had demonstrated its capabilities to NNPCL.

As supply issues at the Dangote Refinery subsided, NNPCL retail locations in Abuja likewise lowered their fuel pump prices from N955 to N945 per litre.

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it. 
Drop your comment in the section below, and don’t forget to share the post.