Former President Olusegun Obasanjo has insisted Nigeria's three NNPC refineries will never work, citing past rejection by Shell and pressure that scuttled the Dangote sale.
Oil producers in Nigeria are pushing back against a government proposal requiring mandatory crude sales to local refineries, citing concerns about profitability and existing contracts.
The United States may soon become the largest crude oil supplier to Nigerian refineries, significantly impacting the nation's economy and energy sector.
Former President Olusegun Obasanjo has insisted Nigeria's three NNPC refineries will never work, citing past rejection by Shell and pressure that scuttled the Dangote sale.
United Bank for Africa's total assets have crossed 33 trillion naira as Tony Elumelu's pan-African lender sustained earnings momentum into the first quarter of 2026.