The Dangote refinery is operating in Nigeria with NNPC as a 7.25% equity shareholder, managing a naira-for-crude initiative and switching from naira-denominated sales.
8 reports, 3 independent
Updated Sep 11
Gone quiet
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- 8
- Developments
- 3
- Repetition
- 62%
New informationRepeats or wire copies
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What happened
The Dangote refinery is operating in Nigeria with NNPC as a 7.25% equity shareholder, managing a naira-for-crude initiative and switching from naira-denominated sales.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Sale of crude in Naira ensured initial stability, despite ongoing fuel price disputes.1 source
NNPC holds 7.25% equity in Dangote Group and manages a naira-for-crude initiative.1 source
NNPC moved crude supply deals to London tenants while facing naira weakness and debt pressure.1 source
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The entities involved
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Nigeria
sovereign state in West Africa
Related events
- The Dangote refinery complex in Lagos is serving Nigerian, African, and international markets, strengthening its partnership with AFC.
- Dangote Petroleum Refinery is deepening its role in Nigeria's fuel market, with plans for share sales and a $100 million investment from Femi Otedola.
- NNPC Ltd is responsible for crude supply, while PETROAN demands guaranteed crude supply. Refinery revival is planned in Port Harcourt and Warri.
- Dangote Group operates within the Nigerian capital market.
- Aliko Dangote commissioned a new refinery in Lagos, built in a free zone, which adheres to DPR emission norms and World Bank standards.