Dangote Refinery has announced its intentions to enlist on the Nigerian Exchange Limited by the end of March 2025.
The Chairman of the Dangote Group, Aliko Dangote, revealed this to journalists on Sunday. The development comes on the heels of the company’s decision to begin fuel supply from July to August 2024.
The billionaire business mogul mentioned that the Nigerian government and the Nigerian Upstream and Downstream Petroleum Regulatory Commission helped resolve the crude supply issue last week.
“We plan to list the refinery and petrochemical before the end of the first quarter of next year,” he stated.
Recall that Dangote said Nigerian National Petroleum Company Limited’s stake in Dangote Refinery has been reduced to 7.2% from 20% over inability to meet obligations as of June 2024.