Proposed NUPRC framework could cut logistics costs for local refiners by up to $4 per barrel
The President says ageing facilities must become profitable assets as his administration pushes reforms across the petroleum sector
NNPC admits it cannot run modern refineries profitably, seeks foreign operators with equity stakes as losses and inefficiencies persist
Nigeria crude oil supply to refiners fell short by 55% in 2025, risking the country’s refining targets and deepening dependence on imported fuel
