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The complete case out of almost 23 billion are more than double 1st forecasts. Dangote blames the official-possessed Nigerian Federal Oils Company (or NNPC), and this oversaw Nigeria’s strength subsidy and and this both provides harsh and you can sells refined gas issues. Very first, the brand new NNPC offered to to get a great 20percent share inside the Dangote’s refinery with an upfront commission from step 1 billion, but afterwards cut their risk to in the 7percent and you can demanded the the cash return.
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