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NNPC To Purchase 20% Equity Stake In Dangote Refinery - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / NNPC To Purchase 20% Equity Stake In Dangote Refinery (17492 Views)

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Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by chiokeman(m): 10:28am On May 27, 2021
Am nt surprised. They have been waiting for food to done so that they can assemble. A country to depend on an individual to grow her economy.
What a shame!
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by houseontherock: 10:28am On May 27, 2021
post=102107409:
Anything to move our darling nation forward is what we are after.

God bless Nigeria.
Fake assed patriot

1 Like

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Vaughanlanrewaj: 10:29am On May 27, 2021
RichDad1:
They want to ruin it like they did to the FG refineries?
So much you don't know sir. Is LNG or Bonny LNG ruined? These are strategic investments and it makes absolute sense to have stakes in it. Our dividends in LNG alone must by now be close to how much we initially invested. If we could invest in FDI, it makes sense to do it to investment promoted by a Nigerian.

5 Likes

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by MondayOsunbor(m): 10:29am 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/?






this is the funniest story i ever read today
our public fund have been privatized by Fulani long time ago


we have been telling our Yoruba brothers but bigotry is more important to them

good morning

1 Like 2 Shares

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by jimi4us: 10:29am On May 27, 2021
So therefore, expect Fulani people to get jobs that they don't know about. Go to Abuja CBN and NNPC you will think you're in Kano. Mad people everywhere

2 Likes 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by InvertedHammer: 10:30am On May 27, 2021
/.
Fulani people tactfully took over the top management positions in NNPC via fiat appointments.

/
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by FarahAideed: 10:30am On May 27, 2021
Vaughanlanrewaj:

So much you don't know sir. Is LNG or Bonny LNG ruined? These are strategic investments and it makes absolute sense to have stakes in it. Our dividends in LNG alone must by now be close to how much we initially invested. If we could invest in FDI, it makes sense to do it to investment promoted by a Nigerian.

LNG that has not been able to remit 1 billion dollars to FGN since it was created ?
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by omonnakoda: 10:33am On May 27, 2021
GIANTPLUSHUB:
Seems like a nice deal.
You have seen the terms of the deal?
Nice for whom?
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by RichDad1(m): 10:34am On May 27, 2021
Vaughanlanrewaj:

So much you don't know sir. Is LNG or Bonny LNG ruined? These are strategic investments and it makes absolute sense to have stakes in it. Our dividends in LNG alone must by now be close to how much we initially invested. If we could invest in FDI, it makes sense to do it to investment promoted by a Nigerian.
I get your points. Just being sarcastic and pessimistic for the sake of it.

1 Like 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by nedekid: 10:34am On May 27, 2021
Makes real sense.
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by osusuallstars: 10:35am On May 27, 2021
Being a Nigerian from the south is the worst nightmare as a young man .
Nigeria is building a refinery but position Dangote as the owner .
Now want to buy 20% from Dangote.
Massive fraud .
Soon this country will disintegrate and i wonder where Dangote will get his supply of crude from

1 Like 1 Share

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by garfield1: 10:35am On May 27, 2021
jimi4us:
So therefore, expect Fulani people to get jobs that they don't know about. Go to Abuja CBN and NNPC you will think you're in Kano. Mad people everywhere

Are you expecting dangote to employ southerners!
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by samguru(m): 10:36am On May 27, 2021
All the moribund refineries should be sold to Dangote refinery and Dangote refinery should be listed on Nigerian Stock Exchange.
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Vaughanlanrewaj: 10:36am On May 27, 2021
FarahAideed:


LNG that has not been able to remit 1 billion dollars to FGN since it was created ?
The problem is that you don't read yet you have opinions on everything sir. It runs through most of the toxic comments on Nairaland.
You could have just read it up before making the incorrect remark. It is on that same website.
Only 2020 alone, the dividend FG received from LNG is N144B https://nairametrics.com/2021/01/17/fg-receives-n144-billion-in-dividends-from-nlng-in-2020/
yet you are suggesting that we have not recieved up to 1 billion dollars

1 Like

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Tolzeal(m): 10:37am On May 27, 2021
Prosperous111:
Nonsense country grin

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

Money good oo my people

Dangote is a group. That man is just the face of the company. There are many shareholders (Mostly politicians) that makes critical decisions

1 Like

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Jimmy231: 10:37am On May 27, 2021
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.
Ain't worse than a yahoo boy with this your plan
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by jimi4us: 10:39am On May 27, 2021
garfield1:


Are you expecting dangote to employ southerners!

In that case the downfall of the refinery is guaranteed if he do quota system recruiting like federal government
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by lastempero: 10:39am On May 27, 2021
Fulani empire at its best.
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by OmoManU: 10:39am On May 27, 2021
They don start again
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Vaughanlanrewaj: 10:40am On May 27, 2021
RichDad1:

I get your points. Just being sarcastic and pessimistic for the sake of it.

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Curious345: 10:41am On May 27, 2021
Hnmm.

Here is dangote receiving upfront assistance from his tribal brothers who dominate the NNPC.
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Curious345: 10:42am On May 27, 2021
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 take a virtual 20% stake in dangote refinery ..



THE SOUTH HAS INDEED BEEN HIPNOTOZED

1 Like

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Curious345: 10:42am On May 27, 2021
Paddy paddy
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Kingrefreshed: 10:42am 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/?

And you say these Animals from the North supposed to be given sniper one after the other.
Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by clarocuzioo(m): 10:42am On May 27, 2021
post=102107409:
Anything to move our darling nation forward is what we are after.

God bless Nigeria.

Chaiii!!!!!

Hunger bad.

2 Likes

Re: NNPC To Purchase 20% Equity Stake In Dangote Refinery by Prosperous111(m): 10:43am On May 27, 2021
Tolzeal:


Dangote is a group. That man is just the face of the company. There are many shareholders (Mostly politicians) that makes critical decisions

Okay grin

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