Tag: Nigerian Oil Sector

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FG Under Pressure as NNPC Acknowledges Non-Functional Refineries

The Federal Government is facing a barrage of criticism after the Nigerian National Petroleum Company Limited (NNPCL) confirmed that the country’s long-idle refineries remain...

‘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,...

NUPRC Generates ₦28bn from Oil Licensing Fees

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of ₦28.11 billion from miscellaneous oil revenues, primarily from licensing fees and permit...

Crude Shortage Halts 42% Refinery Operations

A deepening crude oil supply crisis is crippling Nigeria’s efforts to revitalise its domestic refining sector, as fresh data from the Nigerian Midstream and...

2bn Crude-for-Loan Deal: AGF Vows to Investigate Mele Kyari

Amid intensifying public outrage and mounting legal pressure, Nigeria’s Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has pledged a...

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