Buyers Wanted: Dangote Offers to Sell Refinery, Asks NNPC to Buy Him Out [Video]

• Aliko Dangote, the president of Dangote Industries Limited, has asked the Nigerian National Petroleum Company Limited to buy him out of his refinery
• Dangote made the offer amid row with the NMDPRA over the level of sulphur in petroleum products from the refinery
• Dangote has promised that the refinery will end petrol import and save Nigeria’s hard-earned foreign exchange

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Aliko Dangote has said he is ready to relinquish ownership of the world’s biggest refinery to the Nigeria National Petroleum Company Limited (NNPC).

The Nigerian billionaire spoke amid a new dispute over the sulphur content of petroleum products produced from the refinery and a reported misunderstanding with NNPC, one of the refinery’s key equity partners, and the Nigeria Midstream Downstream Regulatory Authority (NMDPRA).