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CATEGORY

Energy

Nigeria’s Oil Regulator Bets on Annual Bid Rounds to Break a 12-Year Output Slump

Nigeria's upstream oil regulator plans to hold licensing rounds every year, and possibly twice a year, as the OPEC member races to reverse a...

Dangote Refinery IPO to Open at ₦500–₦595 Per Share, Aims to Raise $1.55 Billion

The upcoming initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE will involve the issuance of 4.1 billion shares at an indicative...

Dangote Refinery Landmark IPO to Launch Within 12 Days

Aliko Dangote confirmed on September 3, 2026, that the long-anticipated Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals will open within the...

Renaissance Capital Initiates Oando Coverage With ₦123 Target Price, a 262% Upside Based on Balance Sheet Deleveraging

Oando Plc has the reserves to become one of Nigeria’s largest indigenous oil-and-gas growth stories. What it lacks, according to Renaissance Capital Africa, is...

Dangote Refinery Reduces August Crude Imports to 499,000 bpd Amid Inventory Buildup

Nigeria's 700,000 barrel-per-day (bpd) Dangote Petroleum Refinery reduced its crude oil imports to 499,000 bpd in August 2026—a five-month low—following an inventory buildup triggered...

Dangote Says FG’s Economic Reforms Are Driving Nigeria’s Economic Recovery, Restoring Investors’ Confidence

President and Chief Executive of Dangote Industries Limited (DIL), Aliko Dangote, has commended the Federal Government for implementing bold and transformative economic reforms that...

Copper Intelligence Advances Exploration, Development After Promising Butembo Drill Results

US-listed explorer, Copper Intelligence Inc., is advancing its copper exploration and development projects in the Democratic Republic of Congo after initial drilling results from...

Petrol Near N1,400 As Dangote Defends Price Hikes

The Dangote Petroleum Refinery has defended its latest fuel price increases, attributing the upward adjustments to the cost of crude oil purchased earlier and...

Pi-CNG & EV Backs Tinubu, Governors’ Push For Lower Transport Fares Through CNG

The Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV) has backed moves by President Bola Tinubu and state governors to...

Potential Venezuela Exit Threatens OPEC Following UAE Withdrawal as US Discusses Oil Fields Stake

Venezuela is evaluating plans to exit the Organization of the Petroleum Exporting Countries (OPEC), potentially delivering a historical blow to the cartel it helped...

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