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NUPRC: Dangote Bought 98% of Crude Supplied to Local Refineries in Q2

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11 Aug 2026
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the Dangote Petroleum Refinery purchased 98% of the crude oil offered to domestic refineries during the second...
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NEC Approves $4.5bn Project Gazelle 2 to Refinance NNPC Oil-Backed Loan

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04 Aug 2026
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Nigeria’s National Economic Council (NEC) has approved Project Gazelle 2, a US$4.5 billion refinancing programme designed to restructure the Nigerian National Petroleum Company (NNPC) Ltd.’s...
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NGX Emerges Africa’s Best-Performing Stock Exchange With 68.2% Year-to-Date Dollar Return

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27 Jul 2026
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The Nigerian Exchange Limited (NGX) has emerged as Africa’s top-performing stock market in 2026, delivering an impressive 68.2% year-to-date (YtD) return in U.S. dollar terms...
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Dangote Refinery Reopens Naira Gantry Sales, Raises Petrol Price 13% to ₦1,215 per Litre

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23 Jul 2026
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The Dangote Petroleum Refinery has resumed the sale and gantry loading of Premium Motor Spirit in naira, ending a brief shift to dollar-denominated transactions while...
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Nigeria Holds Investors’ Forum for ₦729bn Series 2 Power-Sector Bond to Clear GenCos’ Legacy Debts

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21 Jul 2026
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The Federal Government is holding an Investors’ Forum in Abuja today ahead of the issuance of a ₦729 billion Series 2 Power Sector Bond, the...
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Dangote Refinery Switches to Dollar-Only Pricing From July 13, 2026

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14 Jul 2026
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Dangote Petroleum Refinery has announced that it will begin selling its petroleum products exclusively in United States dollars from July 13, 2026, marking a significant...
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FG Dangles Tax Waivers to Lure Chinese Phone Makers to Nigeria

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03 Jul 2026
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Nigeria has moved decisively to court Chinese smartphone manufacturers, offering tax waivers and apackage of rare operating incentives to any company willing to set up...
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