KEY POINTS Dangote Petroleum Refinery is taking its new fuel price directly to the public, launching a hotline for consumers to report MRS retailers charging too much. The company announced …
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Markets
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In the NewsMarketsOil & Gas
Heirs Energies Secures $750 Million Afreximbank Loan to Double Production
KEY POINTS Nigerian indigenous energy producer Heirs Energies has secured a major seven hundred and fifty million dollar financing facility from the African Export-Import Bank. The deal, signed in Abuja …
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In the NewsMarketsOil & Gas
Dangote Refinery Reshapes Nigerian Fuel Market with Aggressive New Pricing
KEY POINTS In a move set to directly impact the cost of living and transportation nationwide, the Dangote Petroleum Refinery has formally commenced the sale of petrol, known as Premium …
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KEY POINTS Oil markets shifted higher on Monday as geopolitical tensions injected a fresh dose of uncertainty into a market otherwise weighed down by oversupply concerns. The price rise followed …
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KEY POINTS A profound crisis is unfolding within Nigeria’s public finances, with newly released data revealing the federal government’s oil and gas revenue fell a staggering 62% short of target …
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In the NewsMarketsOil & Gas
Oil Heads for Second Weekly Loss as Swelling Supply Outlook Dulls Geopolitical Risk
KEY POINTS Oil prices slid again on Friday, leaving the market on course for a second consecutive weekly decline as expectations of rising supply from OPEC+ producers and the United …
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In the NewsMarketsOil & Gas
IPMAN Sets Sights on Refinery Ownership as Members Pivot to Dangote Fuel
KEY POINTS Nigeria’s independent petrol retailers, IPMAN, are preparing for a more ambitious role in the country’s energy market, with plans to invest directly in refinery ownership and a fresh …
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In the NewsMarketsOil & Gas
Nigeria’s Oil Takings Drag Federation Revenue Lower in November Despite NNPC Rebound
KEY POINTS Nigeria’s public finances came under renewed strain in November as weaker oil inflows pulled down total revenue shared by the three tiers of government, offsetting gains from the …
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In the NewsMarketsOil & Gas
Nigeria’s Non-Oil Exports Climb to Record N9.2 Trillion as Naira Shift Reshapes Trade
KEY POINTS Nigeria’s non-oil exports rose to an unprecedented N9.2 trillion in the first nine months of 2025, underscoring how currency reforms and pricing dynamics are altering the country’s external …
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KEY POINTS Aliko Dangote has said Nigerians should not be paying more than N740 per litre for petrol nationwide, setting out an aggressive push to force prices down as his …