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Nigeria’s Refining Push Gains Momentum with New License Award

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Ronald Adamolekun

Ronald Adamolekun is a financial journalist with an expansive experience covering markets, energy, banking, tech and the political economy.
  • First Otakikpo Midstream Limited receives refining license amid Nigeria’s bid to bolster oil processing capacity
  • Modular refinery expansion could help address supply constraints but faces crude sourcing challenges

Lagos, Nigeria – Nigeria’s drive to establish itself as Africa’s top oil refining hub is gaining traction with the announcement of a second refinery license award in just a week.

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