BusinessDay
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Bloated personnel cost exposes NNPC’s bleeding refineries

...Record N94.18m average loss per employee

For most oil-producing countries, the business of refining crude oil is not only a means for reducing capital flight but also for improving economic performance, but in the case of Africa’s largest oil producer, refineries are more of a drainpipe and a means of enriching few individuals at the detriment of over 200 million people….



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