A total of N81.41 billion was expended on Nigeria’s refineries between January and August this year, but the facilities refined no drop of crude oil all through this period. The latest data obtained from the Nigerian National Petroleum Corporation, which showed this, gave details of how the refineries made zero naira but spent the N81.41 billion during the months under review. Kaduna Refining and Petrochemical Company, Port Harcourt Refining Company and Warri Refining and Petrochemical Company posted a cumulative revenue of N6.54 billion during the eight-month period. With a…
Read MoreHow Nigeria’s refineries made zero naira, spent N81.41b in eight months
