NNPC spends N774mn subsidising petrol daily

The Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru recently announced that the original builders of the Warri, Kaduna and Port Harcourt refineries have been contacted to immediately rehabilitate them, as Nigeria's state oil firm says it spends 774 million naira daily of petrol subsidies. Luqman Agboola, Oil and Gas Analyst join CNBC Africa for an update on Nigeria's refineries overhaul.