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CATEGORY

Energy

NNPC’s Federation Account Remittance Hits N11.41tn

The Nigerian National Petroleum Company Limited generated N33.15 trillion in revenue between January and September 2026, representing a 28.3 per cent or N13.11tn decline...

NNPC Considers Initial 5% to 10% Stake Sale in Landmark Domestic and Offshore IPO

...as Chinese Engineering Firms Seek Equity Stakes to Overhaul Port Harcourt and Warri Refineries Nigeria's ‌state oil company NNPC is likely to float a 5%...

Oil Reforms Raised Nigeria’s Output By 600,000bpd — NNPC

The Nigerian National Petroleum Company Limited (NNPC) says reforms in the oil and gas industry have increased Nigeria’s crude oil production by 600,000 barrels...

Dangote Group Set to Launch Namibia Tank Farm and Regional Pipeline Project on Nov 4

The Dangote Group is set to mark a significant milestone in the development of its petroleum storage and distribution infrastructure with the official launch...

Nigeria, France Seek Increased Energy Investments

Nigeria and France are strengthening cooperation in the oil and gas sector, with industry stakeholders calling for increased investment, technology transfer, local content development...

Saudi Aramco Profit Jumps 35% on Refining Boom Despite Attacks on Oil Facilities

Saudi oil giant Aramco on Tuesday announced a 34.6% surge in third-quarter net profit, as the Middle East war keeps crude prices high while...

NUPRC Woos Global Investors With 40 Oil, Gas Blocks

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has urged international oil and gas investors to consider Nigeria as a preferred investment destination amid growing...

Valero to Buy, Restart Idled Texas Refinery as Refining Profits Surge

Valero  Energy Corp. plans to restart a 100-year-old fuel-making plant in Houston amid a renaissance in refining profits spurred by global conflicts. The pure-play oil...

Africa Energy Bank Launched With $5 Billion Capital

African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organisation (APPO) have formally announced the establishment of the Africa Energy Bank (AEB). The announcement was...

Oando Reports 9% Revenue Growth to ₦2.78 Trillion as Production Rises 14% in 9M 2026

Oando PLC, a leading indigenous energy solutions provider listed on both the Nigerian Exchange and Johannesburg Stock Exchange, has published its unaudited results for...

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