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CATEGORY

Energy

Dangote Begins Construction to Double Oil Refinery Capacity, to Come Online 2028

Aliko Dangote has started work to double capacity at his huge oil refinery in Nigeria, which when finished will rival the world's largest site...

Sahara Group Advances Energy Access in Africa with $50,000 Asharami M.A.D Equation

Sahara Group has announced the Asharami M.A.D Equation, a $50,000 innovation programme designed to advance Africa’s energy transition by turning research into scalable solutions...

CardinalStone Raises Transcorp Group Stock Target to ₦69.71 on Power Turnaround, Maintains BUY

CardinalStone Partners has revised its 12-month target price for Transnational Corp Plc (NGX: TRANSCORP) stock upward to ₦69.71 from ₦67.38, maintaining a BUY recommendation...

Dangote Refinery CEO Eyes Heavier Crude, Long-Term Offtake Deals Amid Ethiopian Airlines Pact

Under the executive guidance of newly appointed CEO David Bird—the former head of Oman’s Duqm refinery (OQ8) and a 17-year Shell veteran—the Dangote Petroleum...

Dangote Refinery Cuts Diesel Prices 11% to ₦1,600/liter as Global Gasoil Slides

Nigeria's Dangote Refinery has reduced domestic diesel gantry prices by ₦200 per liter to ₦1,600/liter, an 11% cut from the previous ₦1,800/liter, following a...

West Africa Jet Fuel Gets Daily Platts Assessment as Dangote Refinery Clears UK Standards

Platts, part of S&P Global Energy, will start publishing a daily assessment for jet fuel FOB West Africa on June 1, a benchmark that...

The 18x Multiple Challenge: Can Dangote Defend a $50 Billion IPO Premium?

As the Dangote Petroleum Refinery & Petrochemicals complex advances through its pre-IPO regulatory reviews with the Securities and Exchange Commission (SEC), its targeted $50...

S&P: Dangote Refinery Driving Nigeria’s Economic Resurgence

The Dangote Petroleum Refinery & Petrochemicals is emerging as a major driver of Nigeria’s improving economic outlook, following the country’s sovereign credit rating upgrade...

Chevron Plans Q4 Drilling Start at Nigeria’s Agbami, Ikija Fields

Chevron is set to begin the first phase of a drilling campaign at Nigeria’s Agbami field and the Ikija discovery in the fourth quarter...

ExxonMobil Plots $24 Billion Nigeria Deepwater Surge to Rejuvenate Output

ExxonMobil is advancing plans for two large offshore projects in Nigeria — Bosi and Owowo — as it looks to unlock up to $24...

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