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Nigeria’s NNPC to increase stake in Dangote Refinery to 20% to boost refining and reduce fuel imports.
Nigeria’s NNPC plans to raise its stake in the Dangote Petroleum Refinery to 20% from 7.2%, reversing a prior reduction, as part of efforts to boost domestic refining capacity and energy security.
The move, announced by CEO Bayo Ojulari at ADIPEC 2025, supports Nigeria’s goal of reducing fuel imports.
The Dangote Refinery, now operating at expanded capacity, plans to list 5% to 10% of shares on the Nigerian Exchange.
NNPC is also seeking technical partners for three idle refineries and preparing for a mandated IPO under the Petroleum Industry Act, with monthly performance reports now published.
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Nigeria: NNPC aumentará su participación en Dangote Refinery al 20% para impulsar la refinación y reducir las importaciones de combustible.