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Tuesday, May 5, 2026
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CATEGORY

Energy

NNPC Inks Strategic Deal with Chinese Firms to Overhaul Port Harcourt and Warri Refineries

The Nigerian National Petroleum Company (NNPC) Limited has signed a Memorandum of Understanding (MoU) with two Chinese firms—Sanjiang Chemical Company Limited and Xingcheng (Fuzhou)...

Dangote Refinery Recalls Redeployed Engineers

Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, following what management described as a conditional pardon after...

Total Energies Nigeria Returns to Profit on Reduced Finance Costs

TotalEnergies Marketing Nigeria Plc has returned to the path of profitability, thanks to a sharp drop in finance costs as the central bank's gradual...

Seplat’s 96% Dividend Hike Hands Elumelu $10.8M Q1 Payout as Stake Doubles to $1 Billion

Tony Elumelu and Heirs Holdings stand to pocket $10.83 million in first-quarter (Q1) dividends from Seplat Energy Plc, riding a share-price rally that doubled...

Seplat Hikes Dividend by 96% After Strong Q1 Earnings on Oil Upside

Seplat Energy PLC has delivered a strong set of results for the first quarter ended 31 March 2026. Benefitting from its put-option hedge strategy that...

President Tinubu Removes NMDPRA Boss, Nominates Rabiu Umar as Replacement

President Bola Tinubu has approved the removal of the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Saidu...

Dangote Refinery Raises Petrol Price by N75, to N1,275 Per Litre

The Dangote Refinery has increased its ex-depot price of Premium Motor Spirit by N75 per litre, deepening concerns over a fresh round of fuel...

Nigerian Crude Prices Explode as Middle East Supply Shocks Persist

The Nigerian National Petroleum Company (NNPC) has capitalized on the severe supply disruptions caused by the Iran-Israel-U.S. war, raising the Official Selling Prices (OSPs)...

Dangote Refinery Hits 94% Utilization as Africa Eyes 2030 Energy Independence

The African refining landscape is undergoing a massive structural shift, led by Nigeria's Dangote Refinery, which achieved a staggering 94% capacity utilization in March...

UAE to Exit OPEC in May Amid Iran War Reshaping Global Oil Dynamics

The United Arab Emirates (UAE) will leave OPEC, dealing a blow to the group and its leader Saudi Arabia as the global oil industry...

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