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, […]
Support staff embark on strike, shutdown Warri Refinery over poor condition of service
Support staff at the Warri Refining and Petrochemical Company (WRPC) in Delta State have gone on an indefinite strike, shutting down the refinery. They are protesting against what they call poor treatment by the company’s management. The protesting workers gathered at the company’s entrance in large numbers, blocking access to the facility. During the protest, […]
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 […]
Warri Refinery Undergoes Maintenance One Month After Resuming Operation
The Nigerian National Petroleum Company Limited (NNPC) has announced that the Warri Refinery is currently undergoing routine maintenance. This comes just a month after it resumed operations, processing 125,000 barrels per day. NNPC also dismissed rumors of an explosion at the Warri Refining and Petrochemical Company (WRPC). In a statement signed by its Chief Corporate […]
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 […]
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 […]
New Refineries: NNPCL May Cut Crude Supply To Dangote Plant
The Nigerian government is considering reducing its crude oil supply to Dangote Petroleum Refinery. The refinery currently receives 300,000 barrels per day, but this may be lowered unless Nigeria’s oil output increases. This decision is part of the government’s efforts to adjust its naira-for-crude initiative, especially after the recent reopening of the Warri and Port […]
Warri Refinery Restart: It brings joy to me, Nigerians —Tinubu
The Warri Refinery is back in action! After years of being out of operation, the refinery resumed work on Monday, a development that has been celebrated by President Bola Ahmed Tinubu and millions of Nigerians. The Nigerian National Petroleum Company Limited (NNPCL) has worked hard to restore the refinery, which is now operating at 60% […]