Crude Shortage, Funding Woes Shut Down 7 Refineries, Experts Lament   The persistent unavailability of crude oil has significantly hindered investments in the establishment and full capacity operations of seven new and existing refineries across the country, local refiners stated on Thursday. They also warned that without...

Nigeria Expands Local Refining With Four Modular Refineries, New Licenses   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday gave an update on Nigeria’s local refining capacity, saying there is an expansion with the issuance of nine Licenses to Establish (LTEs), seven Licenses to...

Refineries Will Begin Operation Before December – Chairman Niger Delta Affairs The Senator representing Ondo North Senatorial District, Jide Ipinsagba, has assured Nigerians that refineries will begin full operation before the end of the year. Ipinsagba, the chairman on Niger Delta Affairs, said the sufferings of...

Stakeholders Lament Inactive Refineries as Fuel Imports Gulp N843bn   The Nigerian National Petroleum Company Limited (NNPCL) may be spending about N843bn monthly on the importation of Premium Motor Spirit, popularly called petrol, following the halt in oil swaps by the firm, findings showed on Sunday. NNPCL,...

'Over N10trn Spent On Refineries'   The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele has said that the National Assembly has spent over N10 trillion on the country’s refineries and yet they do not work. Oyedele, who stated this during the Platform...

We Can Fix Nigeria’s Refineries In One Year, Women Engineers Tell Tinubu The Association of Professional Women Engineers of Nigeria (APWEN), on Saturday, appealed to President Bola Tinubu to give female engineers an opportunity to fix the nation’s moribund refineries. Newly-elected APWEN Lagos Chapter chairperson, Atinuke...