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NNPC spent N218.18bn on ailing refineries in 2019

Okechukwu Nnodim, Abuja Nigeria’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense of N218.18bn in 2019. The refineries, namely Kaduna Refining and Petrochemical Company, Port Harcourt Refining Company and Warri Refining and Petrochemical Company, recorded a cumulative loss of N149.23bn last year. Nigeria, Africa’s top oil producer, relies largely
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Added March 26, 2020
from The Punch News