Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,716,101 members, 6,420,474 topics. Date: Wednesday, 04 August 2021 at 08:51 AM

NNPC To Purchase 20% Equity Stake In Dangote Refinery - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / NNPC To Purchase 20% Equity Stake In Dangote Refinery (16140 Views)

Shoprite Concludes Sale Of Its Equity Stake (100%) In Its Nigeria Subsidiary / Shell Sells Stake In Nigerian Oil Block For $533m / Dangote Refinery Gate, Lagos Gradually Taking Shape (Photos) (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by MondayOsunbor(m): 11:47am On May 27
SmartPolician:


This is the best decision the NNPC has made in decades.



Dangote refinery is a private business fool!
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by babaolofin: 11:49am On May 27
Curious345:
Scam .. Inside trading .

The south produces the oil, yet the PERCENTAGES OF MUSLIM NORTHENERS IN THE OIL AND GAS SECTORS ARE AS FOLLOWS:

DPR= 55%
NNPC=60%
PEqF= 70%
NIPCO= 48%
NNLG= 80%
NASDREA=38%
PPPRA= 55%
PPMC=48%

AND EVEN THE NNDC contracts are awarded to Fulani contractors who use FRONT companies to grab them.. (site "off your mic Hon Minister" )


Now they have taken it farther and deeper by giving dangote a CASH UP OF $10B TO taken a virtual 20% stake in dangote refinery ..



THE SOUTH HAS INDEED BEEN HIPNOTIZED

You are correct. They use mallams from different African Countries and core North with lots of rituals to hypnotized the South. I believed it is not only the amnesty that calm situations in Niger Delta, they have been hypnotized as well. I was happy when Okowa congratulated Sir Government 'Tompolo' on his birthday. Despite all grants, Aids and other indirect assistance given to Dangote by Emefiele through CBN, NNPC is coming again to buy 20% stake using crude oil deals. Who does the calculation of the total worth of the refinery?

When Obj sold Refineries to Dangote in 2007, with over $50 billion in Nigeria foreign reserves, Yaradua came and reversed the sales of the Refineries to pave ways for Jamboree spending of free money . Now, the same NNPC in 2021 is now planning to buy 20% share in Dangote Refinery after Emiefele put the entire trust and economy survival on the actualization of Dangote Refinery for Years with completion date being shifted every year while FG through CBN grants more Aids to prevent the project from failing.

Nigeria is a country of deals. The Colonial Masters wasted Nigeria. While growing up, I had wondered the kind of connections and deals that permitted Dantata Jetty at Tin can Island between Nigerdock gate and Tin Can Port. It is a deal.

The Southern Governors Forum must be strengthened.

2 Likes

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by sonofElElyon: 11:56am On May 27
They want to ensure there is no interruption in fuel supply Why don't they do that with Port Harcourt refinery and the rest

Shameless incompetent lot!!!
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by danngnews: 11:57am On May 27
GIANTPLUSHUB:
Seems like a nice deal.

For who?
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by danngnews: 11:59am On May 27
MANNABBQGRILLS:
Anything to move our darling nation forward is what we are after.

God bless Nigeria.

Your Darling Daddy is enslaving the whole country, you included and you feel you are moving forward, shame on you.
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by danngnews: 12:06pm On May 27
NLPoliceWoman:

Seun Mynd44 Justwise Dominique.
Rule 2

Go get a job, you are irritating people here.
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by SmartPolician: 12:18pm On May 27
MondayOsunbor:




Dangote refinery is a private business fool!

The problem is that some of you don't know and don't want to know. Yet, you keep insulting everyone. Kwantinew!
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Misterone: 12:24pm On May 27
FarahAideed:


LNG that has not been able to remit 1 billion dollars to FGN since it was created ?
are you for real! Maybe its time you do a small research about this topic. In this regime alone LNG has remitted more than that! I can remember Vividly when you wailers were wailing about who collected the LNG dividend sometime ago whether it was GEJ or Buhari . Now to the story proper.the other day, we heard the FG wanted to invest in Proforce and Innoson. As usual Igbo bigots were against it saying it was a means to take over the company. Now the Story has changed.
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by seguno2: 12:29pm On May 27
RichDad1:
They want to ruin it like they did to the FG refineries?

You don’t know what exactly is going on.
Read widely and get more information.
Thank me later
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Heavensent01(m): 12:42pm On May 27
MANNABBQGRILLS:
Anything to move our darling nation forward is what we are after.

God bless Nigeria.


what's moving your country forward exactly?



putting southern resources in the hand of aboki while the dumb southerners have to go to abuja to beg for meagre of their own resources



democracy is a scam, southerners are just dumb and blockhead, I swear aboki will not tolerate southerners to take 1% of their oil well
if they've a drop


mumu educated for nothing people

2 Likes

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by MadeMan01(m): 12:43pm On May 27
Incompetence at highest level.
Whether they buy 20% or not, they should not allow monopolies to thrive in any sector. And Dangote should be caution and not allow them bring their inefficiency and poor competence to his board. All sectors must have competing players to checkmate exploitation
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Coldie(m): 1:03pm On May 27
This had always been the plan we knew
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Wolfeye: 1:17pm On May 27
If only there were wise enough to to buy bitcoin or eth with all these billions
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by muyeski21(m): 1:19pm On May 27
BIG SHAME ON NNPC, IT MEANS WHAT NIGERIA AND ITS GOVERNMENT CANT DO DANGOTHIEF CAN DO BETTER BASED ON THE POLITICAL INFLUNCE. MAKE GOD PUNISH ALL OF U.
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by sapientia(m): 1:20pm On May 27
What rubbish is this?
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by crystalpapers(m): 1:43pm On May 27
Some people are trying to re colonize Nigeria. This country is in the mouth of the hungry dogs..
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by teezyaaa: 1:44pm On May 27
This man is the new owner of Nigeria.

Have you heard of Sytiamo Technology? They give quick loans to market women in established markets in Nigeria and promote financial inclusion
Check them out and partner with them today.
https://sytiamo.com/
https://www.instagram.com/sytiamotechnology/
https://twitter.com/sytiamotech
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by AdeolaOmoOba(m): 2:11pm On May 27
Going,,, Going,,, Gone,,,, ....And That is the Fall of Dangote Refinery.
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by tnerro1(m): 2:13pm On May 27
Let’s change the name of Nigeria to dangote republic
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Mayflowa(m): 2:40pm On May 27
DuBLINGreenb:
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.

Be dreaming!
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by blasterman(m): 4:22pm On May 27
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/?

Basicially they are giving him money and supporting him
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Gfskw: 5:18pm On May 27
Politicking
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by NEIGHBOUR(m): 5:31pm On May 27
NNPC has no shame at all. Wants to buy stakes in a private business when they cannot revive their own Refinery. No shame at all.

1 Like 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by DuBLINGreenb(m): 5:35pm On May 27
27Pushing30:


people who run these levels don't pick businesses via social media. they pick from home or their base network

so if you truly desire this try enter grassroots for your area /hometown so person fit recommend you
Thanks for the advice
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by persius555(m): 7:55pm On May 27
Pass the PIB bill and allow other investors build more modular refineries. The setup is to subsidize crude that Dangote refinery will get for refining.
A level playing field is required in this new birth. If you will subsidize for Dangote, then be ready to subsidize for all the stakeholders in the industry.

The cement hijack will not be tolerated in this industry

(1) (2) (3) (4) (5) (Reply)

What Percentage Of Your Monthly Income Do You Save? / Get A Moniepoints POS Terminal / Banks In Competitive Forex Trading As Demand For School Fees, Others Shrink

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 89
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.