Why we didn’t raise investment at Dangote Refinery – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) said on Monday it has not increased its earlier investment in the 650,000 barrels per day Dangote Refinery for a commercial reason.

NNPCL Chief Information Officer, Olufemi Soneye disclosed this in a terse statement in Abuja.

He was reacting to a statement credited to the Chairman of Dangote Refinery, Aliko Dangote that NNPC’s stake was now 7.2 percent contrary 20 percent mentioned earlier.