Dangote Refinery and Dangote Fertilizer will list in the Nigerian stock market first quarter of 2025.
This was disclosed by Aliko Dangote, president of Dangote Group, at a press briefing on Sunday.
Dangote disclosed that the Nigerian National Petroleum Company (NNPC) Limited owns only 7.2 percent stake in the refinery and not 20 percent as widely being reported.
He said the NNPC has only paid purchase consideration for 7.2% and was expected to pay the balance in June. However, they declined to proceed beyond the 7.2% stake.
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