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
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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.- Dangote Group visited NNPC's exhibition stand at ADIPEC, where NNPC presented its operations and prospects.Sub-event
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
- A study evaluates the economic performance and government efficiency across several African nations, including Kenya, Botswana, Namibia, Nigeria, Ghana, and South Africa.
- Nigeria faces calls for economic focus, the uncovering of an illegal oil refinery operation, and opposition fears regarding campaign restrictions.
Related events
- The Ministry of Petroleum merged with NNOC, creating the Nigerian National Petroleum Corporation (NNPC) to secure national commercial interests.
- 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.
- The Dangote Petroleum Refinery is being listed on the Botswana Stock Exchange, facilitated by Access Bank Botswana.
- Dangote Group operates within the Nigerian capital market.
- Aliko Dangote made a statement in Gaborone, Botswana, seeking to widen his business ownership beyond Nigeria.