Dangote Refinery Refutes NNPCL’s $1 Billion Investment Claims as ‘Inaccurate & Misleading’
Dangote Petroleum Refinery has strongly rejected claims by the Nigerian National Petroleum Company Limited (NNPCL) that its $1 billion crude-backed loan was instrumental in financing the 650,000 barrels-per-day (BPD) refinery. In a detailed statement, the refinery clarified that the loan constitutes only 5% of the total investment in the project, labeling NNPCL’s assertions as inaccurate … Read more