Nigeria

Global and African leaders have backed Dangote Refinery’s proposed IPO, saying broader ownership could open Africa’s industrial wealth to ordinary citizens and the diaspora.

Amaranta has named the Ooni of Ife, Adeyeye Enitan Ogunwusi, as board chairman as it targets 100,000 barrels a day at OML 42 in the western Niger Delta.

Nigeria’s Dangote Group will sign documents for its refinery IPO, Africa’s biggest-ever share sale, at a Lagos ceremony on Monday after winning regulatory approval.

Nigeria will soon begin producing solar panels locally through a partnership with LONGi to cut renewable energy costs, the Energy Commission of Nigeria says.

Dangote Refinery has warned it may raise petrol exports as imports supplied about 43 percent of Nigeria’s petrol in July, complicating supply planning.

NNPC has renewed its airborne methane detection agreement with TotalEnergies for another 24 months to advance its near-zero emissions target by 2030.

Nigeria earned $2.53 billion from gas exports in Q1 2026 as the CBN reported a 256% surge in the country’s current account surplus to $4.98 billion.

Shell has appointed Elohor Aiboni as its first Nigerian Executive Vice President and Country Chair Nigeria, effective August 1, replacing Marno de Jong.

Nigeria’s Atomic Energy Commission says the country needs nuclear power and long-term energy strategy to compete in the global AI and technology revolution.

Aliko Dangote has secured a $600 million loan from the Africa Finance Corporation to expand fertiliser production and generate $4 billion in annual export earnings.