Nigeria is Africa's largest oil producer but relies on fuel imports © IgorSPb via Getty Images
Nigeria is Africa's largest oil producer but relies on fuel imports © IgorSPb via Getty Images

NNPC deal with Dangote oil refinery to 'free Nigeria from imports'

2 September 2021

A new oil refinery set up in Lagos by Africa’s richest man has made a deal with Nigeria’s state-owned oil firm to buy at least 300,000 barrels per day of the country’s crude production.

Nigerian National Petroleum Corporation (NNPC) managing director Mele Kyari confirmed the deal, which comes after the government approved the state-owned firm’s purchase of a 20% stake in the facility.

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