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In Nine Months, NNPC, Refineries’ Post N123.64bn Deficit
Between January to September 2021, the Nigerian National Petroleum Company Limited has revealed that it posted, alongside three Nigerian refineries, a combined deficit of N123.64bn. The report, which was contained in the September 2021 report, indicated that while the cumulative deficits of the three refineries during the period was N46.52bn, NNPC posted a deficit of…
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Port Harcourt Refinery Gets $1.5billion For Rehabilitation
The Nigerian government has approved the sum of $1.5 billion for the rehabilitation of Port Harcourt Refinery – a project set to last for over 7 years. Port Harcourt Refinery is known to be the largest refining company in the country. At the end of the Federal Executive Council, the Minister of State for Petroleum…