Economic News Update

Dangote to list oil refinery on stock exchange

 

The President and Chief Executive Officer, Dangote Group, Alhaji Aliko Dangote, has said the crude oil refinery being built by Dangote Oil Refining Company Limited will be listed on the Nigerian Stock Exchange.

Dangote disclosed this on Monday while speaking with journalists after beating the closing gong at the NSE in Lagos in commemoration of his 60th birthday. He said when completed in 2019, the refinery would enhance local refining of the nation’s crude oil, and save the country a lot of money currently being spent on the shipment of crude oil and petroleum products.

 

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