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Billions of dollars in rehabilitation contracts and a decades-long search for efficiency have failed to shift former President Olusegun Obasanjo’s conviction that Nigeria’s state-owned refineries are beyond repair. As the Nigerian National Petroleum Company (NNPC) Limited pushes toward a June 2026 deadline to secure technical partners for the Port Harcourt, Warri, and Kaduna facilities,…
The Dangote Petroleum Refinery has raised the ex-depot price of petrol to ₦1,175 per litre. This marks the third price increase in a single week. The refinery communicated the new gantry rate to marketers on Monday morning. This latest jump represents an 18 per cent surge in just three days. It follows a Friday adjustment…
The Nigerian National Petroleum Company Limited recently shifted the narrative regarding our nation’s dormant refineries. The Chief Executive Officer, Engr. Bayo Ojulari attributed the persistent failure of these facilities to weak internal operational structures. This admission contradicts the long-standing public belief that insufficient funding stalled the necessary rehabilitation work. Leadership within the state-owned oil firm…
