News
Refineries Will Not Work By December As President Tinubu’s Govt Claims – Obasanjo
Former President Olusegun Obasanjo has said that the oil refineries in Nigeria will never be functional despite the promises made by President Bola Tinubu-led administration to make Port Harcourt refinery start working by December 2023.
In an interview with The Cable, the former Nigerian leader said when he was in office, the Shell Oil Development Company SPDC had turned down his offer to run the refineries, adding that government-owned refineries would never work as long as the government continues to hold onto them.
He added that after much persuasion, the managing director of Shell, at the time, listed four reasons the oil company wouldn’t get involved in running Nigeria’s refineries, including “too much corruption in refineries.”
“They (refineries) will not work as long as the government is keeping hold of them. When I was president, I invited Shell to a meeting. I told them I wanted to hand over the refineries for them to help us run. They bluntly told me they would not. I was shocked.
I repeated the request and they stood their ground. When the meeting was over, I asked their big man (MD) to wait behind for a little chat. Then I asked him why they were so hesitant on not taking over the refineries. He said did I want to hear the truth? I said yes. He listed four reasons. One, he said Shell makes its money from upstream and that is where its interest lies. Two, he said they only do downstream or retail as a matter of service. Three, he said our refineries would be bad business for them, that globally, companies are going for bigger refineries because of the economics of refineries. Four, he said there is too much corruption in refineries.
I thanked him for his honesty. I knew we had a big problem on our hands. I had virtually given up hope on the refineries when God did a miracle. Aliko Dangote and Femi Otedola approached me and said they would be interested in buying two of the four refineries. They said they would buy a 51 per cent stake in Port Harcourt and Kaduna. I was over the moon.
I said, finally, this burden would be taken off the neck of the government. They offered $761 million and paid in two installments. Unfortunately, Umaru (President Yar’Adua) cancelled the sale and returned the refineries to NNPC. Today, we are still where we were. Someone told me Tinubu said refineries would work by December. I told the person the refineries would not work. This is based on the information I received from Shell when I was the president,” he said
Fitness meets cultural expression as GOOD SWEAT prepares to bring its CULTURE RUN experience to Lagos on Saturday, October 31, 2026.
Designed around the connection between physical wellness and cultural identity, CULTURE RUN offers participants an opportunity to embrace an active lifestyle while celebrating the richness of African culture. The event brings together fitness enthusiasts, culture lovers, and individuals looking for a refreshing way to connect through movement and shared experiences.
The run is scheduled to begin at 4:30 PM, setting the stage for an evening that extends beyond fitness. At 6:00 PM, participants can look forward to the CULTURE PARTY, the event’s post-run celebration.
Adding to the experience is a distinctive dress code that encourages attendees to wear their regular running kits with a touch of cultural wear. This creative blend of athletic apparel and traditional-inspired fashion gives participants an opportunity to express their individuality while celebrating their cultural roots.
The event will take place at Bistrot Samantha’s, located at 7/12 Rumen’s Road, Ikoyi, Lagos.
With its combination of fitness, fashion, culture, and social interaction, CULTURE RUN aims to create an experience that extends beyond the running track, bringing people together through a shared appreciation for wellness and cultural expression.
As Lagos continues to embrace lifestyle experiences that combine fitness with social engagement, CULTURE RUN offers an opportunity for participants to stay active, celebrate their heritage, and connect with like-minded individuals in a vibrant setting.
EVENT DETAILS
Event: CULTURE RUN
Presented by: GOOD SWEAT
Date: Saturday, October 31, 2026
Run Time: 4:30 PM
Post-Run Party: 6:00 PM
Dress Code: Running kit with a touch of cultural wear
Venue: Bistrot Samantha’s
Address: 7/12 Rumen’s Road, Ikoyi, Lagos, Nigeria
itel, the technology empowerment brand for masses, officially unveiled its new product A300+, brand’s first interactive dual-screen smartphone in its price range. itel A300+ comes with a comprehensive set of features — a 7000mAh marathon battery, IP65 military-grade durability, and satellite communication capability, demonstrating that innovation and complete product strength can coexist at an accessible price point.
A First-of-Its-Kind Rear Screen Experience: Interactive Innovation for a New Generation
itel A300+ coming with an interactive rear display is a rare feature in this price category, designed to deliver a smart entertainment experience for young generations. Far from being a cosmetic gimmick, the rear screen provides practical functions built around real everyday scenarios. Users can frame selfies using the higher-quality rear camera with a live preview on the back screen, glance at incoming messages and alerts without waking the main display, and play, pause, or skip tracks directly from the rear screen. The rear display also supports customizable clocks, photos, and designs, giving users a personal window to express their individual style. Complementing the rear screen, the A300+ features a 6.78-inch immersive punch-hole main display, offering a cleaner, more expansive viewing experience for streaming, gaming, browsing, and social media.
Performance and Value in Balance: Delivering Fresh Technology Despite Industry Pressure
Even amid rising industry costs, itel has chosen to bring fresh technology to its products while continuously improving performance and keeping pricing accessible. The A300+ is powered by a 7000mAh marathon battery engineered for long-term reliability, supporting up to 1,200 charging cycles — far exceeding the industry standard, and designed to retain healthy capacity. AI Charging Protection intelligently manages charging patterns to reduce battery degradation, while Smart Power Management optimizes power consumption across apps and hardware to extend usage time between charges.
The device also features 300% ultra-volume DTS stereo speakers, delivering rich, room-filling sound for music, videos, FM radio, and everyday entertainment. Built to withstand daily life and beyond, the A300+ carries IP65 water and dust resistance certification and meets military-grade durability standards, resisting splashes, dust, and accidental drops. Notably, the A300+ includes satellite communication capability, ensuring users can still send basic messages via satellite when cellular networks are unavailable — a safety net in remote areas, during natural disasters, or in other critical situations, setting it apart in its price segment.
The A300+ is built on a clear product philosophy, rather than relying on a single headline feature, it combines its key strengths into one complete product story. The rear screen captures attention first, while battery life, durability, and practical usability make the overall value proposition convincing. With the A300+, itel once again demonstrates its commitment to using innovation to meet the needs and desire for novelty among young users in emerging markets.
The itel A300+ is available in two variants: the 64GB ROM and 128GB ROM and they are both available in all phone retail stores in Nigeria or via online store HERE
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