fuel Importation
NNPC slams neglect for stalled refineries revamp
The Nigerian National Petroleum Company Limited (NNPC) has admitted that years of neglect of the country’s refineries have continued to hinder their full rehabilitation, despite billions of dollars spent on turnaround maintenance and ongoing upgrade projects. Group Chief Executive Officer of NNPC, Bayo Ojulari, disclosed this on Thursday during a meeting with the Petroleum and […]
‘NNPC Refineries May Never Work Again’ — Dangote Drops Bombshell
Africa’s richest man and President of the Dangote Group, Alhaji Aliko Dangote, has cast serious doubt over the future viability of Nigeria’s state-owned refineries, stating bluntly that the Port Harcourt, Warri, and Kaduna facilities may never become operational again — despite consuming over $18 billion in public funds. Dangote made the remarks on Thursday during […]
Fuel Importation Hits #6tn in Five Months
The Nigerian fuel marketing industry is grappling with the alarming rise in fuel importation costs, which has hit a staggering N6 trillion in just five months. This trend has sparked concern among marketers, who are worried about the implications of this development on the economy and their businesses. According to recent data, Nigeria’s fuel import […]