Why Dangote opted to sell the 650,000-capacity refinery to NNPC

  • Aliko Dangote, the President of Dangote Industries Limited, has asked the Nigerian National Petroleum Company Limited to buy him out of his refinery
  • Dangote made the offer amid a row with the NMDPRA over the level of sulphur in petroleum products from the refinery
  • Dangote has promised that the refinery will end petrol import and save Nigeria’s hard-earned foreign exchange

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Aliko Dangote has said he is ready to relinquish ownership of the world’s biggest refinery to the Nigeria National Petroleum Company Limited (NNPC).