The President and Chief Executive Officer of Dangote Industries Limited, Alhaji Aliko Dangote, says that the Dangote Petroleum Refinery will be listed on the Nigerian Exchange in March, 2025.
Dangote, who conducted journalists on a tour of the refinery and Dangote Fertilizer plants in Ibeji-Lekki, Lagos on Sunday, stated that the refinery is set to roll out its petrol in August 2024, having resolved its crude oil supply issues through the help of the Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Government.
“We plan to list the refinery and petrochemical before the end of the first quarter of next year,” he said.
He disclosed that the issue the refinery was having with international oil companies regarding the supply of crude was resolved last week.
“The issue of crude has been settled last week. But we hope that the IOCs will respect it,” he said.
Speaking on the equity shares of the Nigerian Government in the refinery, Dangote said that Nigeria owned only a 7.2 per cent stake in the Dangote Refinery as against the 20 per cent that was publicised.
“The Federal Government have only 7.2 per cent because it failed to pay for the balance for the 20 per cent stake in the refinery,” the report by Punch newspaper on Monday quoted Dangote as saying.
GIK/APA
Dangote Refinery to be listed on Nigerian Exchange in 2025
