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NNPC ran refineries at monumental loss — Ojulari

February 4, 2026 at 05:55 PM

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has disclosed that Nigeria’s state-owned refineries were operating at a “monumental loss” to the country, prompting his leadership team to halt operations to prevent further value erosion. Ojulari disclosed this on Wednesday in Abuja during a fireside...

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