Dangote Refinery IPO opens, brokers predict oversubscription
The N2.2 trillion Initial Public Offering (IPO) of Dangote Refinery and Petrochemicals Free Zone Enterprise officially opened for subscription on Monday, with stockbrokers expressing confidence that the offer will be…
Nigeria’s petrol import bill jumps 989% to ₦952bn
Nigeria’s petrol import bill surged by 989.4 per cent to N952.15 billion in the second quarter of 2026, according to the National Bureau of Statistics (NBS). The figure rose sharply…
Dangote Refinery IPO opens September 14
The Dangote Petroleum Refinery and Petrochemicals is set to launch its initial public offering (IPO) on September 14, 2026, subject to approval by the Securities and Exchange Commission (SEC). The…
Refinery IPO: Drivers, cooks, servants to own stakes, says Dangote
President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has said the planned Initial Public Offering (IPO) of Dangote Petroleum Refinery will give ordinary Nigerians an opportunity to…
43 die during suspected petrol siphoning in Rivers
At least 43 people have died after inhaling toxic fumes during an alleged illegal fuel siphoning operation at Okari Jetty in Okrika Local Government Area of Rivers State. The incident…
NNPC profit falls 48% to ₦279bn as crude, gas sales decline
The Nigerian National Petroleum Company (NNPC) Limited recorded a 47.9 percent decline in profit after tax (PAT) to N279 billion in July 2026, down from N535 billion in June. According…
May report: Dangote supplies 87.55% of petrol, diesel imports collapse
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that Dangote Petroleum Refinery supplied 87.55 per cent of Nigeria’s petrol needs in May 2026, reinforcing its dominant position…
Oil prices drop further, Asian stocks rally as US-Iran peace deal takes effect
Oil prices fell on Thursday while major Asian stock markets surged after the United States and Iran signed an interim peace agreement aimed at ending months of conflict and restoring…
Oil falls to around $80 per barrel as US-Iran deal eases supply fears
Global oil prices dropped sharply on Monday after the United States and Iran announced a framework agreement to end their conflict and reopen the strategic Strait of Hormuz shipping route.…
AGPC MD seeks stability, infrastructure to boost domestic gas
The Managing Director of ANOH Gas Processing Company (AGPC), Mr. James Makinde, has called for reforms in Nigeria’s domestic gas sector, stating that regulatory stability, infrastructure development, and contract sanctity…