Tag: NNPC
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Group CEO of Nigerian National Petroleum Company Limited (NNPC), Bayo Ojulari, has stated that fixing Nigeria’s refineries has been challenging due to decades of neglect, despite significant investments. He noted that efforts to revive refineries in Warri, Port Harcourt, and Kaduna are hampered by their old state. Ojulari further revealed that technical and commercial reviews…
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Nigerian government has approved a plan to reduce revenue shares retained by key revenue-generating agencies, a decision made during the Federal Executive Council meeting led by President Bola Tinubu. Finance Minister Wale Edun explained that the aim is to increase public savings, curb excess spending, and promote economic growth. The review targets agencies such…
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Nigerian National Petroleum Company Limited (NNPC Ltd) has officially ruled out the sale of the Port Harcourt Refining Company, committing instead to its full rehabilitation and long-term retention. This announcement, made by Group CEO Bayo Ojulari during a town hall meeting, ends speculation sparked by his earlier comment at the 2025 OPEC Seminar suggesting “all…
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Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Bayo Ojulari has announced that the company is reviewing its refinery operations, with a strategic review expected to conclude by the end of 2025. The review may lead to changes, including the potential sale of some refineries, such as those in Port Harcourt,…
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President of the Dangote Group, Alhaji Aliko Dangote has expressed skepticism about the likelihood of Nigeria’s state-owned Port Harcourt, Warri, and Kaduna refineries becoming operational again, citing that they have cost the government around $18 billion without producing any results. Speaking after a tour of his own 650,000-capacity Dangote Petroleum Refinery in Lagos, he highlighted…
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Nigerian National Petroleum Company Ltd (NNPC) has handed over 35 hybrid Compressed Natural Gas (CNG)-powered buses to the Presidential Initiative on CNG. This move supports the Federal Government’s gas agenda and promotes CNG as a cleaner, cheaper, and sustainable fuel alternative. The NNPC’s Group CEO Bashir Ojulari emphasized the company’s commitment to driving energy transition,…
