Markets

KEY POINTS Total Exploration and Production Nigeria Limited and Conoil Producing Limited have made a new hydrocarbon discovery in the offshore waters of western Nigeria, adding to the country’s known …

KEY POINTS NNPC Limited recorded a 33% increase in profit after tax to ₦7.2 trillion in 2025, even as lower crude oil prices and reduced white product volumes pushed revenue …

KEY POINTS MRS filling stations have reduced their petrol pump price in Abuja, cutting the cost of Premium Motor Spirit from N1,395 to N1,370 per litre. The N25 per litre …

KEY POINTS Nigeria’s average daily petrol imports fell sharply in August as domestic supplies increased, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. …

KEY POINTS Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit, commonly known as petrol, from ₦1,350 to ₦1,325 per litre following a decline in global crude …

KEY POINTS Moniepoint Microfinance Bank and TeamApt Limited have partnered to make the Initial Public Offering of Dangote Petroleum Refinery more accessible to retail investors across Nigeria. The partnership will …

KEY POINTS The Federal Government and the Nigerian National Petroleum Company Limited, NNPCL, have been urged to revive the country’s government-owned refineries as rising international crude oil prices continue to …

KEY POINTS Dangote Refinery has warned that new and rehabilitated refineries in Nigeria, Africa and other major oil-producing regions could increase competition and put pressure on its market share, product …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals FZE has opened a N2.15 trillion Initial Public Offering, IPO, giving Nigerians and other African investors an opportunity to acquire shares in one …

KEY POINTS Fresh pressure is building on petrol prices in Nigeria after the estimated landing cost of petrol rose to ₦1,311.36 per litre, exceeding the current ₦1,265 per litre gantry …