JUST IN : ‘NNPC Refineries Were Unsustainable, We Were Simply Wasting Money’ — Ojulari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has disclosed that Nigeria’s state-owned refineries were operating at what he described as a monumental loss, prompting his management team to suspend operations to prevent further financial damage.Ojulari made the revelation on Wednesday in Abuja during a fireside chat titled “Securing Nigeria’s Energy Future” at the Nigeria International Energy Summit 2026, where he offered a blunt assessment of the operational and commercial realities facing the country’s refining assets.Acknowledging public frustration, the NNPC boss said Nigerians were justified in their anger, given the enormous sums invested in the refineries over the years.“On the refineries, Nigerians were angry....










