Business Oil & Gas Top Story

Port-Harcourt Refinery Fully Operational: NNPC Counters Misleading Reports

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted claims circulating in some media outlets that the Old Port Harcourt Refinery, which resumed operations two months ago, has been shut down. According to NNPC Ltd., the refinery is fully operational and preparations for the day’s loading operation are currently ongoing. Olufemi Soneye, Chief Corporate Read More…

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Business Oil & Gas Top Story

NNPC refutes allegations of presidential interest in OVH acquisition

In a strongly worded statement, the Nigerian National Petroleum Company Limited (NNPC Ltd.) has categorically denied allegations leveled by former Vice President Atiku Abubakar, asserting that President Bola Ahmed Tinubu and Mr. Wale Tinubu hold a 49% stake in the OVH acquisition deal. The accusations suggest a broader scheme to entwine personal business interests with Read More…