NNPC refutes claims of Port Harcourt refinery sale
By Aremu Toyeebaht The Nigerian National Petroleum Company Limited (NNPC Ltd) has debunked speculations about privatizing the Port Harcourt Refining Company (PHRC), pledging instead to raise additional funding to complete the multi-billion-naira rehabilitation project of Nigeria’s major refineries. Group Chief Executive Officer, Bayo Ojulari, made this clarification during a company-wide town hall meeting at the NNPC Towers in Abuja, ending weeks of uncertainty triggered by remarks made at the 2025 OPEC Seminar in Vienna, where he hinted that “all options […]