FG Unveils 10 Measures to Cushion Effect of Rising Petrol Prices
The Federal Government has announced 10 measures to cushion the impact of rising petrol prices and protect households, businesses and transport users from further price shocks.
The measures were outlined by the Minister of Finance...
Crude Shortage Stalling Nigerian Refineries – MAN
The inability of local refineries to secure enough Nigerian crude oil is threatening the country’s push for energy security and lower fuel costs, and setting off warning bells from manufacturers and business leaders.
The Manufacturers Association of Nigeria (MAN)...
NNPC Halts Crude-Backed Loans to Finance PH, Warri Refineries
The Nigerian National Petroleum Company Limited (NNPCL) has said it is ending the practice of financing the Port Harcourt and Warri refineries with loans backed by crude oil production, opting instead for a performance-driven funding model...
Fuel Marketers Increase Imports by 60% Despite Local Refineries
Petrol imports rose sharply by 59.5 per cent in May after months of decline, as oil marketers increased purchases from foreign suppliers despite rising output from domestic refineries, according to data obtained from the Nigerian Midstream...
Why We Shut Down the Refineries — Ojulari
The Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company (NNPC Ltd), Engineer Bayo Ojulari, has given reasons why the operations of the government-owned refineries were stopped.
Nigeria has four refineries two in Port Harcourt and...
Marketers to FG: Probe N11.35trn Spent on NNPC Refineries
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has demanded that authorities fully account for an estimated N11.35tn reportedly spent on the rehabilitation of state-owned refineries, warning that continued opacity undermines confidence in the...
