Markets

KEY POINTS Nigeria’s cooking gas market is experiencing another round of price reductions after the Dangote Refinery and major LPG depot operators lowered their selling prices. The Dangote Refinery reduced …

KEY POINTS Africa Finance Corporation, AFC, has invested in Dangote Petroleum Refinery’s $2.5 billion private placement, deepening its financial relationship with the Nigerian energy company after the full repayment of …

KEY POINTS Oando Plc recorded a significant improvement in its financial performance in the first half of 2026, reversing a substantial operating loss reported an operating profit of N127.8 billion …

KEY POINTS Geregu Power Plc has failed to make a scheduled payment on its N40.09 billion Series 1 senior unsecured bond, raising concerns about the company’s ability to meet its …

KEY POINTS The Nigerian National Petroleum Company Limited (NNPC Ltd.) has dismissed allegations of poor performance and impropriety levelled against its management, insisting that available production figures show measurable improvements …

KEY POINTS The Pipeline Infrastructure Nigeria Limited, PINL, has disclosed that the Nigerian National Petroleum Corporation, NNPC, secured more than $20 billion in gas sale and purchase agreements over the …

KEY POINTS President Bola Tinubu has announced plans to reform the Nigerian National Petroleum Company (NNPC) and eventually list the state-owned energy company on the capital market as part of …

KEY POINTS Nigeria is targeting up to $50 billion in Offshore Investment by 2030 as the country seeks to revive its oil and gas industry, attract fresh capital and significantly …

KEY POINTS The Dangote Petroleum Refinery has announced fresh reductions in the ex-depot prices of Premium Motor Spirit (PMS), popularly known as petrol, and Automotive Gas Oil (diesel), in a …

KEY POINTS Dangote Petroleum Refinery is preparing for what could become the largest Initial Public Offering (IPO) in Africa’s history, with plans to raise as much as $2 billion through …