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CATEGORY

Energy

Aradel Holdings Free Cash Flow Hits ₦154bn as Refining, Gas Margins Surge

Aradel Holdings Plc has cemented its position as the "Alpha" of the Nigerian oil and gas sector. In its full-year unaudited 2025 results released on...

Dangote Refinery’s Crude Distillation Unit and Motor Spirit (MS) Block Hit 650,000 bpd Capacity

…First Refinery In The World to Attain This Feat The Dangote Petroleum Refinery has achieved a major operational milestone with the full restoration and optimisation...

NNPC Courts Sinopec to Revive Nigeria Moribund Refineries

The Nigerian National Petroleum Company (NNPC) Limited is in advanced talks with China’s state-owned Sinopec to revive its underperforming refineries in Port Harcourt and...

Dangote Refinery Clarifies: No Importation of Finished PMS into Nigeria

Dangote Petroleum Refinery has issued a firm clarification in response to recent publications attributed to S&P Global, stating that the reports misrepresent its operations...

IMF Projects Dangote Refinery to Add 1.5% to Nigeria’s Non-Oil GDP in 2026

The International Monetary Fund (IMF) has identified the Dangote Petroleum Refinery as a primary driver of Nigeria's economic diversification, projecting that the facility will...

Dangote Refinery Extends Maintenance as RFCC Bottlenecks Persist

Dangote Petroleum Refinery is extending the maintenance window for its core processing units, delaying the facility’s highly anticipated ramp-up to full capacity. CEO David Bird...

Transcorp Power Revenue Hits ₦398bn as Capacity Climbs to 550MW, Hikes Payout 10%

Transcorp Power Plc, the electricity generation subsidiary of the Tony Elumelu-led Transcorp Group, reported a 30% surge in revenue for the 2025 fiscal year,...

Nigeria Eyes Chinese Partnership to Revive Idle Oil Refineries

Nigerian National Petroleum Co. (NNPC Ltd) is in advanced negotiations with a Chinese petrochemical titan to take over the operations of its four state-owned...

Aradel Profit Hits ₦401bn as Energy Giant Books ₦201bn M&A Gain

Aradel Holdings Plc, Nigeria’s premier listed integrated energy firm, delivered its strongest financial performance to date, reporting a 55% surge in net profit for...

African Energy Bank Ready for April Launch as Nigeria Delivers Abuja HQ

Nigeria has officially handed over the headquarters of the Africa Energy Bank in Abuja, setting the stage for an April launch after nearly two...

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