Local Refineries

Business

NNPC Still Weighing Partners To Revive Warri, Port Harcourt Refineries

Ogochukwu Onwaeze, THEWILL -
The latest position comes amid renewed pressure from petroleum marketers for the Federal Government and NNPC Ltd to accelerate efforts to return the government-owned refineries to production.
News

Local Refining Push Gains Momentum as NUPRC Unveils Crude Swap Plan to End Supply Bottlenecks

Felix Ifijeh, THEWILL -
NUPRC has begun wide-ranging consultations with industry stakeholders on a domestic crude oil and gas swap initiative aimed at reducing logistics costs. The proposed swap mechanism is expected to improve compliance with the Domestic Crude Supply Obligation (DCSO)...
Business

FG Weighs New Crude Supply Rules As Local Refiners Face High Feedstock Costs

Ogochukwu Onwaeze, THEWILL -
Federal Government considers changes to crude allocation and pricing under the Domestic Crude Supply Obligation. Proposed direct-delivery and pricing adjustments could reduce feedstock costs for local refiners. Nigeria supplied 28.5 million barrels to domestic refineries in Q1, less...
Business

Local Refineries Receive 53.7m Barrels Of Crude In Q2 As Supply Obligation Hits 97.4 Percent

Ogochukwu Onwaeze, THEWILL -
Nigerian local refineries received 53.7 million barrels of crude oil and condensate between April and June 2026, representing 97.4 per cent of the volumes allocated under the Domestic Crude Supply Obligation. Supply performance varied sharply across the quarter,...
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Latest News

BusinessJoy Onuorah, THEWILL -

10 Things To Know Before Trading This Monday

Nigeria opens the week with inflation easing, oil near $110 and a ₦1.75 trillion government bond auction. Here are the figures and developments to watch on Monday, October 19, and through the week.
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