News

NNPC Ran Refineries at Monumental Loss Says Ojulari

The Nigerian National Petroleum Company Limited (NNPC Ltd) ran the country’s state-owned refineries at monumental losses, leading to their shutdown, according to the company’s Chief Executive Officer, Bayo Ojulari, Peak Newspaper reports. Ojulari disclosed this while explaining the rationale behind suspending refinery operations, stating that the facilities had become major sources of value leakage rather […]