Refurbishment
British premier denies saying ‘let the bodies pile high’
British Prime Minister Boris Johnson on Monday denied a newspaper report that he had said he would rather bodies piled “high in their thousands” than order a third COVID-19 lockdown. Johnson is facing a stream of allegations in newspapers – all of them denied – about everything from his muddled initial handling of the COVID-19 crisis to questions over who financed the redecoration of his official apartment. The Daily Mail newspaper cited unidentified sources as saying that, in October, shortly after agreeing to a second lockdown, Johnson told a meeting in Downing Street: “No more fucking lockdowns – let the bodies pile high in their thousands.” Asked whether he had made the remark, Johnson told broadcasters: “No, but again, I think the important thing, I think, that people want us to get o...
NNPC seeks $1 billion funding to revive PHC refinery
The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State. To realise its plans, the nation’s oil company is already in high-level discussion to raise the money via a prepayment deal with trading firms. If the financing is successful, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It would also mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding investors as fuel demand is sapped by lockdowns and renewable energy is gaining ground over fossil fuels. The money would be repaid over seven years through deliveries of Nigerian crude and products from the refinery once the refurbis...
