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The long-running effort to hold someone accountable for the billions of dollars poured into Nigeria’s dead refineries reached a courtroom on Wednesday, as the Economic and Financial Crimes Commission arraigned the former Managing Director of the Port Harcourt Refining Company Limited, Ahmed Adamu Dikko, before the Federal High Court in Abuja on a 12 count…
Two men who once ran Nigeria’s most strategic petroleum plants are heading to the dock this week, as the Economic and Financial Crimes Commission opens formal trials tied to the alleged diversion of funds set aside to revive the country’s ailing refineries. The former Managing Director of the Warri Refining and Petrochemical Company Ltd,…
Pressure is mounting on Nigeria’s anti-corruption agencies to unravel what became of the $1.5 billion sunk into the rehabilitation of the Port Harcourt Refinery, with a Niger Delta advocacy group now demanding a forensic look at the spending and a wider audit of the Nigerian National Petroleum Company Limited’s books. The South South Youths…
The Nigerian National Petroleum Company Limited has taken a formal step towards reviving its long-troubled refining infrastructure, signing a Memorandum of Understanding with two Chinese companies for a potential Technical Equity Partnership aimed at completing and operating the Port Harcourt and Warri refineries. The agreement was signed on April 30, 2026, in Jiaxing City,…
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,…
Nigeria’s daily petrol consumption fell to 56.9 million litres in February, down from 60.2 million litres in January. New data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reveals a cooling of demand alongside a sharp contraction in supply. Total domestic petrol supply plummeted to 39.6 million litres per day, a significant drop…
On Monday, January 12, 2026, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) released its latest performance data, revealing a bittersweet reality. Nigeria averaged 1.64 million barrels per day (mbpd) of crude oil and condensates throughout 2025. While this shows a slight stabilization compared to previous years of rampant oil theft, it remains well below the…
