NNPC Secures $1.036B Loan For 20% Stake In Dangote Refinery - Nairaland / General - Nairaland
Nairaland Forum / Nairaland / General / NNPC Secures $1.036B Loan For 20% Stake In Dangote Refinery (67 Views)
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| NNPC Secures $1.036B Loan For 20% Stake In Dangote Refinery by lekkibizchron: 11:30am On Jan 29 |
In a groundbreaking move, the Nigerian National Petroleum Company (NNPC) Ltd has successfully acquired a 20% stake in Dangote Refinery for $2.76 billion, facilitated by a $1.036 billion loan from Lekki Refinery Funding Limited. This strategic investment is outlined in NNPC’s recently released audited financial report for the year 2022, demonstrating both financial prowess and a forward-thinking approach. Read more: https://lekkibizchronicle.com/2024/01/29/nnpc-secures-1-036b-loan-for-20-stake-in-dangote-refinery/ |
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