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CATEGORY

Energy

Perfect Storm: Oando Faces Financial Stress as Going Concern Warnings Deepen

Oando Plc (“Oando” or the “Group”), Africa’s leading indigenous energy group listed on both the Nigerian Exchange Ltd. (NGX) and the Johannesburg Stock Exchange...

Nigeria Joins The IEA in Boost for Global Energy Governance

Nigeria has been admitted to the International Energy Agency’s (IEA) association program, a move that deepens cooperation between the world’s top energy advisory body...

Dangote Refinery Snags Sovereign-Like Pricing in $750 Million Global Eurobond Debut

Dangote Petroleum Refinery successfully tapped international debt markets for the first time, raising $750 million through a debut Eurobond as Africa’s richest man prepares...

Billionaire Dangote Targets 2.1 million Barrel Refining Empire With Kenyan Expansion

Billionaire Aliko Dangote’s industrial conglomerate has unveiled a massive $46 billion capital expenditure program aimed at doubling its petroleum refining capacity and locking down...

Sahara Group Appoints Folake Soetan as Arahas MD to Drive Oilfield Services Transformation Across Africa

Sahara Group has appointed Mrs. Folake Soetan as Managing Director, Arahas Global Oilfield Services as the organisation accelerates its Beyond XXX agenda focused on...

Dangote Refinery Snaps Up First UAE Crude Cargoes to Heavy Up Feedstock Mix

Dangote Petroleum Refinery and Petrochemicals FZE has executed its first-ever procurement of Middle Eastern crude, snapping up two massive cargoes from the United Arab...

Sierra Leone Inks $225 Million Offshore Licensing Deal with Nigeria’s Marginal Energy

Sierra Leone has granted extensive offshore exploration and production rights to Nigerian independent Marginal Energy Limited, striking a $225 million deal as the West...

Dangote Signs Equipment Deal with China’s XCMG to Double Refinery Capacity by 2029

Aliko Dangote, Africa's richest man, has signed a major equipment procurement deal with XCMG (Xuzhou Construction Machinery Group), one of China's largest heavy machinery...

Pivot Energy Plots 300% Revenue Leap, Tapping Debt Markets to Fund Pan-African Footprint

Pivot Integrated Energy Services Limited, a rapidly ascending force in the Nigerian downstream oil and gas sector, is transforming itself into a pan-African player,...

Dangote Refinery Records 23% EBITDA Margin as Pre-IPO Frenzy Mounts

The Dangote Petroleum Refinery and Petrochemicals complex has established itself among the world’s most profitable downstream assets, printing a striking 23% EBITDA margin last...

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