Functional refineries can solve Nigeria’s forex crisis – Oborevwori
Delta State Governor, Rt Hon Sheriff Oborevwori has said that making refineries in Nigeria work again would save the nation foreign exchange for fuel importation. Governor Oborevwori stated this…
Report on Exposing Fraud in Refineries Rehabilitation is False – Senate
The Senate has dismissed media reports claiming that it will expose all “frauds associated with the contracts and management of the Turn Around Maintenance of the nation’s refineries”. A news…
Kyari tells Senate: Nigeria lacks credible data on quantity of petrol consumed
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has appeared before the joint committee on appropriations with a message: Reactivation of refineries…
FG must avoid importing crude oil for its refineries, Wabote warns
Mr Simbi Wabote, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), has warned against Nigeria’s potential reliance on imported crude oil for its existing and upcoming…
Saudi Arabia to invest in Nigeria’s refineries, support CBN with forex
Following a bilateral meeting between President Bola Tinubu and Saudi’s Crown Prince HRH Mohammed bin Salman, the government of the Saudi Arabia “has pledged to invest in the revamp of…
NUPRC To Enforce Domestic Crude Supply Obligation, Warns Saboteurs
More Local Refineries Give Notice To Commence Production As more private refineries indicate readiness to commence production soon in Nigeria, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is taking all…
Refining crude oil in Nigeria will not bring down the price of petrol – Kyari
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said that refining crude oil in the country would not necessarily bring down the local…
Nigeria has no reason to import petrol – Oborevwori
Delta State Governor, Rt. Hon. Sheriff Oborevwori, Tuesday, urged the Federal Government and relevant stakeholders to work towards revitalising the nation’s refineries, insisting that Nigeria has no reason to import…
Atiku explains how to raise $10bn for SMEs; says APC is lying about developing Lagos
The Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, has given a clear roadmap of how to revive the economy using a bottom up approach of empowering youths and women…
What Kyari told Nigerian Editors about a new NNPC (Full transcript)
At NNPC, there’s a new culture of transparency President Buhari has given us free hand to do things the right way Banks are refusing to finance refining of fossil fuel…