Sell Port Harcourt, three other NNPCL refineries in 2026 – PETROAN to Nigerian Govt
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has advised the Federal Government to sell the Port Harcourt refinery along with three other refineries operated by the Nigerian National Petroleum Company Limited (NNPCL) in 2026. The group believes that private sector control will improve efficiency and reduce the burden on government resources. PETROAN […]
Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan
Billionaire businessman Femi Otedola has revealed that over N2 trillion was stolen through fake petrol subsidy claims during former President Goodluck Jonathan’s government. According to him, depot licences were the main tool used for this massive corruption. Otedola, in his statement, also supported the Dangote Petroleum Refinery in its ongoing clash with the Depot and Petroleum Products Marketers Association of […]
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 […]
Alleged $7.2bn fraud: EFCC arrests former NNPCL top official
The Economic and Financial Crimes Commission (EFCC) has arrested a former top finance officer of the Nigerian National Petroleum Company Limited (NNPCL), Umar Isa. He is being accused of helping to carry out a $7.2 billion fraud connected to fixing three Nigerian refineries — in Kaduna, Warri, and Port Harcourt. Also arrested was Jimoh Olasunkanmi, […]
NNPCL sacks Port Harcourt, Warri, Kaduna MDs, others
The Nigerian National Petroleum Company Limited (NNPCL) has removed the managing directors in charge of the Port Harcourt, Warri, and Kaduna refineries. This decision came from the company’s new leadership team, including Group Chief Executive Officer Bayo Ojulari and Executive Non-Chairman Musa Ahmadu-Kida. Sources inside the company confirmed that the heads of these refineries, along […]
We’ve commenced fuel lifting from Port Harcourt, Warri refineries – PETROAN
The Petroleum Products Retail Outlet Owners Association (PETROAN) has confirmed that fuel lifting has begun at both the Port Harcourt and Warri refineries. According to PETROAN spokesperson Joseph Obele, members have started loading various petroleum products, including dual-purpose kerosene, automotive gas oil, and premium motor spirits. This update comes after reports of a shutdown at […]
You never wanted any state-owned refineries to work – Group to Obasanjo
The Movement for Anti-Corruption, Integrity, and Transparency Initiative recently criticized former President Olusegun Obasanjo over his remarks about state-owned refineries. The group accused him of working against the success of these facilities. Obasanjo Rejected Dangote’s Offer According to INFOLAND, Obasanjo revealed that in 2007, billionaire businessman Aliko Dangote offered $750 million to manage the Port […]
Warri, Port Harcourt refineries: ‘Absolute insult, disrespect’ – Obasanjo slams NNPCL
Former President Olusegun Obasanjo has criticized the Nigerian National Petroleum Company Limited (NNPCL) for extending what he described as a disrespectful and informal invitation to tour the newly refurbished Port Harcourt and Warri refineries. The issue arose after Obasanjo accused NNPCL of rejecting a $750 million offer from billionaire businessman Aliko Dangote to manage the […]
NNPC Rejected Dangote’s $750m Offer To Manage Nigeria’s Refineries – Obasanjo
In 2007, the Nigerian National Petroleum Corporation (NNPC) made a controversial decision to reject a $750 million offer from billionaire businessman Aliko Dangote. The offer was for a public-private partnership (PPP) to manage the Port Harcourt and Kaduna refineries, which have long struggled with inefficiency. Former President Olusegun Obasanjo shared this story during an interview […]