Petrol Price Could Hit ₦2,000/litre If US-Iran War Persists, PETROAN Warns
The Petroleum Products Retail Outlets Owners Association of Nigeria has warned that petrol prices in Nigeria could rise sharply if the ongoing conflict in the Middle East continues. According to the association, the price of petrol may climb to around ₦2,000 per litre in the coming weeks. The National President of PETROAN, Billy Gillis-Harry, said […]
Oil and Gas: How we plan to get Nigeria’s refineries running- NNPC’s Ojulari
The Nigerian National Petroleum Corporation (NNPC Ltd) says it is focused on three key elements to get the country’s refineries fully operational: financing, a competent EPC contractor, and world-class operational capacity. The Group Chief Executive Officer, Bayo Ojulari, made this known during a fireside chat at the ongoing Nigeria International Energy Summit in Abuja. Ojulari […]
Poor maintenance culture crippling Nigeria’s refineries — IDC President, Shadiya
The President of the Independent Downstream Committee (IDC), Shadiya, has blamed Nigeria’s struggling refineries on poor maintenance culture over the years. According to her, the country’s refineries were not properly serviced and upgraded, leading to frequent breakdowns and long periods of inactivity. Shadiya explained that regular maintenance is critical for refinery performance, but this was […]
Don’t rush Nigerian refinery sales — Iledare warns, gives Tinubu, NNPCL best solution
Selling Nigeria’s refineries too quickly could create more problems than it solves — that’s the warning from Professor Wumi Iledare, a top petroleum economics expert. He’s asking President Bola Tinubu and the Nigerian National Petroleum Company Limited (NNPCL) to avoid rushing into any refinery sales. Instead, he believes they should use a smarter, more transparent […]
NNPC Refineries May Never Work Again — Dangote
Africa’s richest man, Aliko Dangote, says Nigeria’s government-owned refineries in Port Harcourt, Warri, and Kaduna may never work again. He explained that even though the Nigerian National Petroleum Company Limited (NNPC) has spent about $18 billion to repair these refineries, none of them are functional. Dangote made this known while speaking to business leaders from […]
Bayo Onanuga Responds to Obasanjo as Port Harcourt Refinery Starts Operations
The Nigerian government has hit back at former President Olusegun Obasanjo after news broke that the Port Harcourt refinery has started operations, with trucks loading Premium Motor Spirit (PMS) for the first time. Obasanjo had previously expressed doubts about the possibility of Nigeria’s refineries working under government management. In 2023, he even stated that President […]