The Nigerian National Petroleum Company (NNPC) Limited says its decision to limit its equity participation in the Dangote Petroleum Refinery was made months ago. In a statement on Sunday, Femi Soneye, NNPC’s spokesperson, said the national oil firm periodically evaluates its investment portfolio to make sure it is in line with the company’s strategic objectives. On Sunday, Aliko Dangote, Africa’s richest person, said the NNPC no longer owns 20 percent stake in his refinery. Dangote said NNPC now owns 7.2 percent of the refinery over failure to pay the balance…
Read MoreWHY WE DID NOT PAY UP OUR 20 PERCENT STAKE IN DANGOTE REFINERY – NNPC LTD
