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Why Nigeria’s refineries failed — Ojulari

February 4, 2026 at 05:32 PM

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has disclosed that they halted operations at the country’s state-owned refineries after discovering that continued operation was destroying value and draining public resources, despite huge financial commitments. Speaking during a fireside chat at the ongoing...

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