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NNPC To Purchase 20% Equity Stake In Dangote Refinery - Business - Nairaland

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NNPC To Purchase 20% Equity Stake In Dangote Refinery by FarahAideed: 10:19am On May 27, 2021
The Nigerian National Petroleum Corporation (NNPC) has said that it plans to acquire a 20% minority equity stake in Africa’s biggest oil refining facility, Dangote Refinery, Lagos.

This is to help further ensure an undisrupted supply of petroleum products across the country when the transaction pulls through.

This disclosure was made by NNPC Chief Operating Officer, Refining and Petrochemicals, Mr Mustapha Yakubu, while speaking at the end of a 2-day Nigeria Oil and Gas Opportunity Fair (NOGOF), 2021, tagged: “Leveraging Opportunities and Synergies for Post Pandemic Recovery of the Nigerian Oil and Gas Industry.”

According to Thisday, Yakubu said discussions were already ongoing with the Dangote Group for the acquisition of the stake.
What are we doing there? I can tell you today that we are seeking to have a 20 per cent minority stake in Dangote Refinery as part of our collaboration and you know that there’s a huge quantity of crude for that refinery.

That’s 650,000 barrels, going into a single crude distillation unit (CDU). When that comes on board, it will also wet the nation for us.”

Read more below :
https://nairametrics.com/2021/05/27/nnpc-to-purchase-20-equity-stake-in-dangote-refinery/?

2 Likes

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by RuddyDesign: 10:22am On May 27, 2021
I never believe , till its seen.

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Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by DuBLINGreenb(m): 10:23am On May 27, 2021
NNPC dey mad,

Dangote is a front to some politicians, for his own sake I hope he is now bigger than his godfathers and he has out grown them.

Abeg if you are a politician message me let's grow my business you will be a shadow director, a god father behind the scenes, nobody will trace the money to you they'll be no paper trail leave all that to me I'm an expert just message me, contact me, to legitimise your wealth and make more money. This is not yahoo or crypto this is legit business.

29 Likes 6 Shares

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by AmotekunSW: 10:23am On May 27, 2021
Lmaoooo
Carry our money dash 1 man.

31 Likes 5 Shares

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by brosom(m): 10:23am On May 27, 2021
Abi na the other way round?



If u know u know wink

8 Likes 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Moscodee1990(m): 10:23am On May 27, 2021
Meaning?
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by istina: 10:23am On May 27, 2021
Las las they will the entire Nigeria to this man

5 Likes 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by kenzysmith(m): 10:24am On May 27, 2021
Nigeria is one of dangote asset is secretly the owner the presidents are his appointees the NNPc atiku plan to privatise is dangote hand work grin

13 Likes

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by drey076(m): 10:24am On May 27, 2021
they will still enslave entire country

2 Likes

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by KINGSCOURT05: 10:24am On May 27, 2021
k
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Yus2020: 10:24am On May 27, 2021
Fulanis NNPC

5 Likes

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Vaughanlanrewaj: 10:24am On May 27, 2021
This is a great news! God bless Nigeria.visit www.freestuffsng.com for latest freestuffs in Nigeria.

2 Likes 2 Shares

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Prosperous111(m): 10:24am On May 27, 2021
Nonsense country grin

A whole NNPC to buy shares from just a single hausa man grin

Money good oo my people

22 Likes 2 Shares

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by RichDad1(m): 10:24am On May 27, 2021
They want to ruin it like they did to the FG refineries?

4 Likes 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by GIANTPLUSHUB: 10:24am On May 27, 2021
Seems like a nice deal.

1 Like

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Chevrolet076(m): 10:24am On May 27, 2021
Last last, the rich will keep getting richer and the poor keeps dragging along. The best thing is to have a substantial amount of money to dash to make a product or a service and to sell to the govt of a Nation especially in Nigeria where nothing seems to work

3 Likes 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by MANNABBQGRILLS: 10:24am On May 27, 2021
Anything to move our darling nation forward is what we are after.

God bless Nigeria.

7 Likes 4 Shares

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by uptimum123(m): 10:25am On May 27, 2021
Nice move


I love Nigeria

4 Likes 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by eedimo(m): 10:25am On May 27, 2021
Wetin concern my village poeple
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by somehow: 10:25am On May 27, 2021
What is the usefulness of NNPC again?

13 Likes 2 Shares

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by maxwelloweezy(m): 10:26am On May 27, 2021
The Rich getting Richer

1 Like 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by kenzysmith(m): 10:26am On May 27, 2021
MANNABBQGRILLS:
Anything to move our darling nation forward is what we are after.

God bless Nigeria.

24 Likes 2 Shares

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Zubydeangelo(m): 10:26am On May 27, 2021
FarahAideed:
The Nigerian National Petroleum Corporation (NNPC) has said that it plans to acquire a 20% minority equity stake in Africa’s biggest oil refining facility, Dangote Refinery, Lagos.

This is to help further ensure an undisrupted supply of petroleum products across the country when the transaction pulls through.

This disclosure was made by NNPC Chief Operating Officer, Refining and Petrochemicals, Mr Mustapha Yakubu, while speaking at the end of a 2-day Nigeria Oil and Gas Opportunity Fair (NOGOF), 2021, tagged: “Leveraging Opportunities and Synergies for Post Pandemic Recovery of the Nigerian Oil and Gas Industry.”

According to Thisday, Yakubu said discussions were already ongoing with the Dangote Group for the acquisition of the stake.
What are we doing there? I can tell you today that we are seeking to have a 20 per cent minority stake in Dangote Refinery as part of our collaboration and you know that there’s a huge quantity of crude for that refinery.

That’s 650,000 barrels, going into a single crude distillation unit (CDU). When that comes on board, it will also wet the nation for us.”

Read more below :
https://nairametrics.com/2021/05/27/nnpc-to-purchase-20-equity-stake-in-dangote-refinery/?
Shame!

10 Likes 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Teewhy2: 10:26am On May 27, 2021
The only reason, we would appreciate this when the cost of petrol comes down.

Happy children's day to all our future leaders.
As we celebrate this year children's day, we use this period to pray for all women out there ( client's or not) that are looking for the fruit of the womb that you will also carry your babies soon by God's grace.
from all of us @ Fruges Arena ltd.

https://www.nairaland.com/3726763/alternative-building-material-expanded-polystyrene/17

1 Like 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by momodub: 10:26am On May 27, 2021
Toh nija matter weak me
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by grandstar(m): 10:26am On May 27, 2021
Hmmm

Why is a bankrupt country desirous of buying a 20% in this refinery?

What i would have prefered is for government to break up and sell off the NNPC. The parts that can't be sold off can be commercialized. NNPC is working way below its capacity.

A 20% stake in this refinery will give Dangote the ability to call the shots in the oil and gas industry and dominate it as he done cement as the government would do everything to protect its investment.

It just stinks to me

1 Like

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by DropsMic(m): 10:26am On May 27, 2021
Hmm
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by INTEGRITYA1(m): 10:26am On May 27, 2021
Okay
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by wwwihy: 10:27am On May 27, 2021
Dangote please don't sell the 20% to them. They have no pedigree

7 Likes 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by mimilogistics: 10:27am On May 27, 2021
Nice one cool
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by 900warriorz: 10:28am On May 27, 2021
Nawa oo...The Rich get richer and the poor gets poorer

1 Like 1 Share

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