Markets

KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited and partners in the Oil Mining Lease (OML) 118 project have signed key agreements aimed at moving the long-awaited Bonga South …

KEY POINTS Oil prices fell by more than $1 a barrel on Monday as investors took profits following a two-week rally and waited for details of new US sanctions expected …

KEY POINTS The Dangote Petroleum Refinery and Petrochemicals has expanded its free petroleum products delivery programme to Kano, Imo, Anambra and Nasarawa states as part of efforts to reduce distribution …

KEY POINTS The Dangote Petroleum Refinery has increased the ex-depot price of petrol by N20 per litre, raising its latest gantry price from N1,165 to N1,185. The new price took …

KEY POINTS The Nigerian equities market extended its losing streak to eight consecutive trading sessions on Thursday as investors continued to sell off shares in major companies, particularly Aradel Holdings …

KEY POINTS Oil prices remained broadly stable in early Asian trading on Thursday as investors assessed the outlook for the U.S.-Iran conflict and uncertainty surrounding the movement of oil tankers …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA has proposed new regulations aimed at preventing fuel marketers and other petroleum industry players from manipulating prices, creating artificial …

KEY POINTS Oil prices climbed for a third consecutive session on Tuesday as hopes for a lasting peace agreement between the United States and Iran weakened, raising concerns that disruptions …

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 …