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NNPC Signs MoU with Chinese Firms to Revive Port Harcourt, Warri Refineries

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with two Chinese firms to advance the completion and operation of the Port Harcourt and Warri refineries. The agreement, signed in Jiaxing City, China, on April 30, 2026, involves a proposed Technical Equity Partnership (TEP). Signatories include the Group Chief […]

Nigeria Considers Refinery Privatisation to Revive Oil Sector

The Federal Government is considering the sale of Nigeria’s state-owned refineries as part of ongoing economic reforms aimed at attracting investors, boosting competition, and improving efficiency in the downstream oil sector. Nigeria’s four refineries, located in Port Harcourt, Warri, and Kaduna, have a combined installed capacity of 445,000 barrels per day but have remained largely […]

House Probes NNPCL Over $3bn Refinery Funds, Fuel Imports

The House of Representatives Committee on Petroleum Resources (Downstream) has launched a full-scale investigation into Nigeria’s refinery rehabilitation efforts, citing allegations of fraud and mismanagement. This follows public outcry and petitions over the failure of refineries to commence operations despite billions spent on turnaround maintenance. The Port Harcourt refinery, which had briefly resumed operations, is […]

National Assembly Commits to Addressing Labour Demands in 7 Days

The National Assembly (NASS) has assured the organised Labour that it will thoroughly review and address their demands within the next week. This pledge came during a mass protest organized by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) at the National Assembly Complex in Abuja on Wednesday. Senate President Godswill Akpabio, […]

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