Despite its status as Africa’s largest crude oil producer, Nigeria imported crude oil worth a staggering N5.734 trillion between January and December 2025 as domestic refineries grappled with persistent feedstock shortages, exposing a deepening supply paradox in the country’s oil sector. This comes in spite of the federal government’s much-pub...
•The Port Harcourt Refinery The Nigerian National Petroleum Company (NNPC) Limited has said that it is seeking technical equity partners to help revive three of its refineries, which have remained idle despite significant investments. Group Chief Executive Officer (GCEO) of the state oil company, Bayo Ojulari, said in a post on X today, that t...
•House of Representatives The House of Representatives has resolved to investigate the over $18 billion reportedly spent on the rehabilitation of Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna over the past two decades without tangible results. This followed the adoption of a motion moved today by Hon. Sesi Oluwaseun Whin...
•Port Harcourt Refinery Fresh controversy may be brewing over the future of Nigeria’s critical assets like the refineries and steel plants, as new developments suggest the Nigerian National Petroleum Company Limited (NNPC Limited) may face stiff investor resistance and mounting financial and political fallout if proposals to sell the assets go...
•Tinubu, ADC logo and Atiku The African Democratic Congress (ADC) has called for a comprehensive audit of Nigeria’s refineries, following reports that nearly $18 billion has been spent by successive governments on rehabilitating the nation’s three key refineries. In a statement issued by the party’s National Publicity Secretary and Coalition S...
•NNPC Ltd boss, Bashir Bayo Ojulari Oil marketers and industry stakeholders have thrown their weight behind the proposed sale of Nigeria’s refineries under the management of the Nigerian National Petroleum Company Limited, calling for transparency, inclusiveness, and accountability in the process. They noted that the sale or privatisation of t...
•NNPC boss, Bayo Ojulari Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has stated that the company may sell off some of its refineries as it continues to face setbacks in their rehabilitation. Ojulari made the disclosure during an interview with Bloomberg yesterday at the 9th OPEC Intern...
•President/Chief Executive of Dangote Group, Aliko Dangote The President of the Dangote Group, Alhaji Aliko Dangote, has doubted the possibility of the state-owned Port Harcourt, Warri, and Kaduna refineries functioning again. Dangote also stated that the refineries, which are under the management of the Nigerian National Petroleum Company Lim...
•Warri Refinery The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadiri, has urged the federal government to fully privatise the country’s state-owned refineries, describing them as a “pure drain on the Nigerian economy.” Ajayi-Kadiri, who was a guest on Channels Television last night, argued that the governm...
•NNPC distribution truck The Nigerian National Petroleum Company Limited may begin the supply of crude oil in naira to the Dangote Petroleum Refinery this week following the announcement by the federal government that the naira-for-crude deal has commenced. Also, following the promise by the government, three more refineries are getting set to...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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