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Nigeria’s idle refineries record N6b operational expenses

Without production, Nigeria’s three national refineries recorded N6 billion operational expenses last October. The total value of output by the refineries for the period under review was N0.51billion, which resulted in an operating deficit of N5.49 billion by the refineries. NNPC made this known this in its October 2020 Financial and Operations Report. Commenting on…

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Buhari doesn’t interfere in NNPC operations

Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has commended President Muhammadu Buhari for giving the corporation’s management free-hand to deliver on its mandate, saying that he remains the only president that has never interfered in the operations of the corporation. Kyari stated this on Monday in Sokoto while delivering the Usmanu…

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