NNPC CEO Reveals ₦500m Monthly Losses in Refineries
NNPC CEO Bayo Ojulari confirmed that Nigeria's non-functional refineries are incurring monthly losses of ₦500 million. Ojulari highlighted the challenges in revamping the facilities, with the Port Harcourt refinery converting less than 40% of crude oil supplied.
The CEO emphasized the need for a thorough review to restore the refineries efficiently.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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