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Warri Refinery Shutdown: Was Obasanjo’s Doubt a Prophetic Warning?
There was widespread jubilation in December when the Nigerian National Petroleum Company Limited (NNPCL) announced the restart of the Warri Refinery. Group Chief Executive Officer Mele Kyari, visibly proud, led a tour of the site, declaring the partial reactivation a milestone, even though the plant was not yet operating at full capacity. Speaking to journalists, Kyari emphasized the importance of believing in national projects, stating the facility was already producing and supplying products to the market.....KINDLY READ THE FULL STORY HERE▶
However, just weeks after the public celebration, doubts began to resurface—this time from no less than former President Olusegun Obasanjo. Skeptical of the refinery’s viability, Obasanjo cast doubt on the success of the reactivation, drawing a metaphor about a farmer who claimed to have planted more than he actually did, warning that the truth would emerge at harvest.
Indeed, by January 25, 2025, only three weeks after Kyari’s proclamation, the Warri Refinery was shut down again, reportedly for maintenance. Similarly, the Port Harcourt Refinery, reactivated in November 2024, has been operating below 40% of its installed capacity, despite promises of efficiency.
NNPCL has since clarified that the shutdown was intentional and part of planned intervention work aimed at stabilizing operations and enhancing output. Still, stakeholders remain disillusioned, questioning how a plant declared operational could be shut down so soon, despite a staggering $897.6 million investment in its rehabilitation.
Obasanjo’s skepticism was not unfounded. He referenced past conversations with Shell, which declined to manage the refineries due to concerns about corruption and low productivity. This backdrop, coupled with the refinery’s underperformance, has intensified scrutiny on NNPCL.
NNPCL insists that the overhaul was comprehensive and not the traditional Turn Around Maintenance. It now brands itself as a profit-driven private energy firm, moving beyond its former government-run identity. Yet, as production remains erratic, the gap between investment and output continues to widen.
In light of these developments, analysts and citizens alike are calling for accountability. There is growing consensus that Obasanjo’s caution was less pessimism and more foresight, especially with the refinery’s poor showing just months after a highly publicized restart. Observers warn that unless drastic steps are taken, the refineries’ woes may evolve from national embarrassment to a full-blown scandal.
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Tears For A Titan: Family Unveils Emotional Three-Day Funeral Plan For Iconic Actor Kola Oyewo!.
The funeral arrangements for the celebrated Nigerian actor, theatre scholar, and traditional ruler, Chief Dr. Adekola Gabriel Oyewo (Kola Oyewo), have been finalized by his family, with interment scheduled for Friday, August 7, 2026, in Osun State. The veteran actor passed away at age 80, leaving behind a legacy as a prominent figure in stage, television, and academia.....KINDLY READ THE FULL STORY HERE▶
The three-day farewell, organized by the Balogun Oyekola Oyewo Memorial Committee, follows this schedule:
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Wednesday, August 5, 2026: A wake-keep and service of songs will be held at St. Mary’s Catholic Church, Igboya, Ile-Ife.
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Thursday, August 6, 2026: A commendation mass is scheduled at St. Mary’s Catholic Church, followed by an artistes’ night at the Obafemi Awolowo University (OAU) Oduduwa Hall. An exhibition celebrating his works and photographs will also open at the Pit Theatre, African Studies Building, OAU, running through Friday.
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Friday, August 7, 2026: After a morning departure from his residence, a requiem mass will take place at St. Joseph Catholic Church, Oba-Ile. He will be laid to rest in a private ceremony at 12:45 p.m. at Labaluyegbe Villa, followed by a reception at Aderonmu Grammar School Field.
The Bangbola Oyewo family of the Ese-Ola Royal House remembered him as a beloved family man, traditional leader, and an inspiration to generations of theatre practitioners. His passing is regarded as the end of an era for the Nigerian theatre community, where he served as an Associate Professor of Drama and a long-standing mentor.
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Nation In Shock! Herders’ King Brutally Murdered: Cops Race Against Time To Catch Killers!.
Authorities have initiated a comprehensive investigation into the murder of Risku Mohammed, the Benue State Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), and his associate, Yakubu Isa. The two men were reportedly ambushed by unidentified attackers near Ahimeni in the Okodu area while traveling back from a peace summit in Otukpo.....KINDLY READ THE FULL STORY HERE▶
Benue State Commissioner of Police, Cletus Nwadiogbu, condemned the act as a “senseless and criminal” effort to destabilize local peace and security. Through PPRO DSP Udeme Edet, the Commissioner announced that tactical and intelligence teams have been mobilized to hunt down the perpetrators. CP Nwadiogbu has urged the public to avoid spreading rumors or pursuing vigilante justice, instead appealing for any useful information to be shared with the police to assist in the swift arrest and prosecution of those responsible.
Option 2: Concise News Style
Police in Benue State are hunting for the gunmen who killed MACBAN State Chairman Risku Mohammed and Yakubu Isa. The victims were attacked near Ahimeni in the Okodu area while returning from a peace meeting in Otukpo.
State Commissioner of Police Cletus Nwadiogbu denounced the killings and vowed that the command would “leave no stone unturned” in bringing the culprits to justice. Tactical units have been deployed to the area to track down the assailants. The Commissioner extended his condolences to the bereaved families and called on residents to remain calm, law-abiding, and to report any leads to the nearest police station. He reiterated the command’s firm commitment to ensuring the safety of all citizens and holding the criminals accountable.
Option 3: Action-Oriented
Following the tragic assassination of Benue MACBAN Chairman Risku Mohammed and Yakubu Isa, the State Police Command has launched a full-scale investigation. The victims were killed by unknown assailants near Ahimeni, Okodu, following a peace engagement in Otukpo.
Commissioner of Police Cletus Nwadiogbu has directed tactical and intelligence units to track down and arrest the attackers immediately. In a public statement, the command emphasized that such criminal acts will not be tolerated and that every effort is being made to secure justice for the victims. The public is encouraged to assist the investigation by reporting any relevant information through official channels and is cautioned against fueling tensions by sharing unverified reports.
On June 26, 2026, the dollar-to-naira exchange rate at the Lagos parallel market, commonly referred to as the black market, saw sellers offering the dollar at ₦1402, while buyers were purchasing it at ₦1391, according to Bureau De Change (BDC) sources. It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize this market and advises individuals to conduct foreign exchange transactions through their respective banks.....KINDLY READ THE FULL STORY HERE▶
Additionally, the CBN’s official rates for the same period ranged from a high of ₦1385 to a low of ₦1376. Please be aware that actual transaction prices may vary and might differ from the figures provided in this report.
Exchange Rate Summary (June 26, 2026)
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Parallel Market (Selling): ₦1402
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Parallel Market (Buying): ₦1391
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CBN Official Rates: ₦1376 – ₦1385
What specific aspect of the current foreign exchange market or its impact on consumer trends would you like to discuss further?
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