Markets

ExxonMobil signaled that higher refining margins could boost its third-quarter downstream profit by $4.5 billion, even as lower oil prices cut upstream earnings by $1.3 billion.

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has extended its initial public offering, IPO, by two weeks to give more investors in Nigeria and across Africa an opportunity to participate …

Nigeria’s refiners support forward crude sales but warn the planned N1,350 petrol price cap could bring back subsidy or price controls, the refiners’ group says.

KEY POINTS The Federal Government has introduced a 30-day petrol discount through the Nigerian National Petroleum Company Limited, NNPC, with public transport operators set to receive priority as authorities seek …

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 …