Tag: Refinery Rehabilitation

Chinese stake in Port Harcourt, Warri refineries signals major shift in Nigeria’s oil sector

Business Damilola Bayonle -
Nigeria’s state-owned oil company, Nigerian National Petroleum Company Limited, is considering a deal that could hand Chinese investors majority...

Port Harcourt refinery could restart in days as profitability debate delays decision

Business Damilola Bayonle -
Nigeria’s long-troubled refining sector has returned to the spotlight after the Petroleum and Natural Gas Senior Staff Association of...

NNPC refinery spending crisis: Calls for urgent transparency

Business Damilola Bayonle -
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised serious concerns over an estimated N11.35 trillion...

Port Harcourt refinery supplies diesel despite shutdown — NMDPRA reveals losses and delays

Business Damilola Bayonle -
The prolonged shutdown of the Port Harcourt Refining Company has continued to attract fresh scrutiny after new regulatory disclosures...

NNPC unveils bold new refinery partnership strategy as June 2026 deadline approaches

Business Damilola Bayonle -
New Refinery Partnership Strategy: NNPC Sets June 2026 Deadline for Refinery Partners The Nigerian National Petroleum Company Limited has unveiled...

FOREX gain grows NNPC profit after tax: NNPC declares record N5.4trn profit in 2024

Business Damilola Bayonle -
FOREX Gain Grows NNPC Profit After Tax as Company Targets Mid-2026 Refinery Decision Nigeria’s state-owned energy giant, the Nigerian National...

Fuel Marketers Approve Refinery Divestment, Project Price Relief

Business Damilola Bayonle -
Oil marketers and industry stakeholders have expressed strong support for the proposed sale or privatisation of Nigeria’s long-dormant refineries...

‘NNPC Refineries May Never Work Again’ — Dangote Drops Bombshell

Business Damilola Bayonle -
Africa’s richest man and President of the Dangote Group, Alhaji Aliko Dangote, has cast serious doubt over the future...

$2bn Crude-for-Loan Deal: Lawyers Petition EFCC, Demand Kyari’s Probe

News Damilola Bayonle -
  A coalition of legal professionals under the banner of Guardians of Democracy and Rule of Law has demanded the...

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

Damilola Bayonle -
Amid intensifying public outrage and mounting legal pressure, Nigeria’s Attorney General of the Federation and Minister of Justice, Lateef...