Dangote refinery plans $5bn IPO in Africa’s largest-ever market listing
Nigeria’s Dangote oil refinery is preparing for what could become Africa’s largest-ever stock market listing, with plans to raise about $5 billion through an initial […]
Dangote Refinery
Dangote refinery pledges to prioritise Nigeria’s domestic fuel supply
Nigeria’s Dangote refinery has pledged to prioritise the domestic fuel market in a bid to prevent shortages and cushion the impact of rising global oil […]
Nigeria Union Orders Crude Supply Cut to Dangote Refinery Amid Labour Dispute
Nigeria’s powerful oil workers’ union has instructed members to halt crude and gas deliveries to the $20 billion Dangote Petroleum Refinery, intensifying a labour dispute […]
India’s oil pivot: from Moscow to Lagos in high-stakes global shift
In a stunning pivot driven by geopolitical pressure, India has slashed its Russian oil imports and turned to Nigeria — Africa’s top producer — as […]
Nigeria’s $6.84bn Balance of Payment Surplus Signals Economic Resilience and Stability
The Democratic Front (TDF) has hailed on April 21 Nigeria’s $6.84 billion balance of payment surplus for 2024 as a key indicator of economic strength […]
Nigeria Raises Fuel Prices as Dangote Refinery Begins Operations
On Monday, Nigeria’s state oil company, NNPC Ltd, raised petrol prices by 11%, marking the second price hike in two weeks. This increase came shortly […]
Dangote Refinery Seeks Crude Oil from Libya and Angola Amid Nigerian Supply Challenges
Africa’s largest refinery, the Dangote facility in Nigeria, is actively seeking crude oil supplies from Libya and Angola. This move comes as the refinery faces […]