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“Adapt or Go Bankrupt”: Otedola Warns DAPPMAN Over Dangote Dispute

Billionaire businessman Femi Otedola has intervened in the dispute between the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Dangote Refinery, urging marketers to restructure rather than resist change. In a statement on Monday, Otedola advised DAPPMAN to consider acquiring the Port Harcourt Refinery to remain relevant, instead of clinging to what […]

Refinery Not For Sale – Why NNPC Says Selling Would Be a Strategic Mistake

The Nigerian National Petroleum Company Limited (NNPC) has dismissed speculation about the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing the facility’s rehabilitation and retaining it as a national asset. Group Chief Executive Officer of NNPC, Bayo Ojulari, made this clarification during a company-wide town hall at the NNPC Towers in […]

Petrol Retailers Press NNPC to Meet 30-Day Refinery Repair Target

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Nigerian National Petroleum Company Limited (NNPC) to stick to the 30-day timeline for the planned maintenance of the Port Harcourt Refining Company (PHRC). NNPC had announced the shutdown, scheduled to begin on 24 May 2025, through its Chief Corporate Communications Officer, […]

200 Trucks to Load Daily as Port Harcourt Refinery’s Old Wing Resumes Operations

The presidency has announced that 200 trucks will be loading petroleum products daily from the Port Harcourt Refinery as operations resume at the facility’s Old Wing. Sunday Dare, Special Adviser on Public Communications and Orientation to the President, confirmed this development via his official X (formerly Twitter) handle on Tuesday. “The Port Harcourt Refinery has […]

Port Harcourt Refinery Begins Operations After Years of Delays

The Port Harcourt Refining Company (PHRC) in Rivers State has officially begun crude oil processing, marking a significant milestone in Nigeria’s energy sector. The announcement was made by Femi Soneye, Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL). “Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially […]

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