Africas richest man, Aliko Dangote, bought more than 7 million worth of crude oil in July from the Nigerian National Petroleum Company Limited NNPC Limited for his 20-billion Lagos refinery, according to an official filing.
The internal NNPC document, submitted to the Federation Account Allocation Committee, shows the purchase as the first reported crude supply to the refinery since the government renewed its naira-for-crude policy earlier this year.
Dangote refinery secures 32 July crude