Refinery Rehabilitation
Fuel Marketers Approve Refinery Divestment, Project Price Relief
Oil marketers and industry stakeholders have expressed strong support for the proposed sale or privatisation of Nigeria’s long-dormant refineries under the management of the Nigerian National Petroleum Company Limited (NNPC Ltd), citing the potential for increased market competition, operational efficiency, and ultimately lower fuel prices for consumers. Their reactions follow the candid remarks by NNPC’s […]
‘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 […]
$2bn Crude-for-Loan Deal: Lawyers Petition EFCC, Demand Kyari’s Probe
A coalition of legal professionals under the banner of Guardians of Democracy and Rule of Law has demanded the immediate probe, arrest, and prosecution of former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, over a controversial $2 billion crude-for-loan deal and several other alleged financial malpractices. The […]
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 full-scale investigation into the $2 billion crude-for-loan deal involving the Nigerian National Petroleum Company Limited (NNPCL) under the leadership of its former Group Chief Executive Officer, Mele Kyari. The assurance came […]