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.