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Nigeria: NNPC Eyes Stakes in Five More Private Refineries
This Day, 1 June 2021
The Nigerian National Petroleum Corporation (NNPC) yesterday unfolded plans to acquire shares in five more private refineries in Nigeria, bringing to six its interests in… Read more »
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Nigeria: NNPC to Acquire Equity in 6 Private Refineries
Daily Trust, 1 June 2021
The Nigerian National Petroleum Corporation (NNPC) has revealed that it is currently considering equity participation in a number of private refineries in the country. Read more »
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Nigeria: Why We Want 20% Stake in Dangote Refinery - NNPC
Vanguard, 31 May 2021
The Nigerian National Petroleum Corporation, NNPC, has moved to explain its recent bid to acquire 20 percent stake in the 650,000 barrels per day Dangote Refinery in Lagos, citing… Read more »
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Nigeria: Why We Are Acquiring Stakes in Dangote, Five Private Refineries - Oil Firm
This Day, 31 May 2021
The Nigerian National Petroleum Corporation (NNPC) Monday revealed that it was currently considering equity participation in a number of private refineries in the country in line… Read more »
Nigeria Petroleum Body to Gain Stake in Private Refineries
The Nigerian National Petroleum Corporation has said that it is currently considering a stake in a number of privately-owned refineries which produces in excess of 50,000 barrels of oil per day. This is in line with the Nigeria government's policy directive that states the mandatory participation of the corporation in such entities, to safeguard national energy security, writes Emmanuel Addeh for This Day. The corporation has also said it wants a 20% stake in the Dangote Refinery in Lagos which produces 650,000 barrels of oil per day.
InFocus
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Although Nigeria is Africa's leading economy, it has come through a bruising 2020. The country slipped quietly into a recession, mainly due to the falling oil price and the lack Read more »
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Nigeria's economy grew 0.5% in the first quarter, lifted by higher crude production and oil prices, as well as manufacturing production increasing for the first time in a ... Read more »
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Nigeria has been relying solely on crude oil as its major source of revenue. Now the government has said unfolding events of the past few months, the coronavirus pandemic and the Read more »
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Nigeria's inflation rate has climbed to a 30-month high, to 14.23% in October, according to the latest figures by the National Bureau of Statistics. The country's inflation ... Read more »
NNPC headquarters, top left, refinery, bottom left, oil field, bottom right.
