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DANGOTE REFINERY
If managed properly, Nigeria stands to gain significant financial benefits from owning an interest in Dangote refinery.
The Major Oil Marketers Association of Nigeria has indicated interest in lifting refined petroleum products from the soon to be completed Dangote Refinery.
Once completed the refinery is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility.
Despite the existence of four refineries, a working Dangote Refinery may be Nigeria’s most impactful diversification.
The NNPC boss said that the decision was driven by the profit potential of the refinery business and the need to have a say in a business of this magnitude.
The group of G7 countries currently meeting in the UK are set to agree on a plan to end reliance on fuel and diesel-powered cars by 2030.
The PDP has advised the FG to ensure transparency in its planned acquisition of 20% stake in Dangote refinery.
3 oil firms including the NNPC have indicated interests in acquiring a stake in Dangote Refinery.
The NNPC has said that it plans to acquire a 20% minority equity stake in Dangote Refinery, Lagos.
The CBN Governor has revealed that Dangote Refinery will sell refined crude to Nigeria in naira when it commences production.
Dangote Refinery has dismissed online reports which claimed a protester was shot dead by policemen while protesting at the refinery.
Workers at Dangote Refinery took to the company's premises to protest over issues relating to pay.