Markets

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, significantly reduced the amount owed to it by customers in 2025, as the state-owned energy company intensified efforts to recover outstanding …

KEY POINTS Kenyan investors will be able to participate in Dangote Petroleum Refinery’s initial public offering, IPO, after the country’s capital markets regulator approved arrangements allowing eligible citizens to access …

KEY POINTS The Dangote Petroleum Refinery and Petrochemicals FZE initial public offering, IPO, has attracted strong interest from Nigerians, with investors welcoming the opportunity to become part-owners of one of …

KEY POINTS Former Vice-President Atiku Abubakar has called on President Bola Tinubu’s administration to provide a detailed account of the N11.2 trillion in receivables recorded by the Nigerian National Petroleum …

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 …