Oil prices rose on Friday as investors doubted the prospect of a breakthrough in U. S. peace talks, but prices remained on track for a weekly...
Oil prices rose on Thursday as a sharper-than-expected decline in US crude inventories reinforced concerns over tightening supply. Meanwhile, ongoing negotiations between Washington and Tehran helped...
Aliko Dangote has disclosed that Dangote Refinery attracted nearly $2 billion in investor requests for its planned private placement ahead of its proposed IPO, as the...
Oil prices fell 4% on Wednesday after U.S. President Donald Trump said that negotiations with Iran were in the final stages, though investors remain wary about...
Fuel marketers in Nigeria have warned that the lawsuit by Dangote Petroleum Refinery seeking to invalidate import licences, could disrupt supply and competition. Dangote Petroleum refinery...
Dangote Petroleum Refinery has filed a new lawsuit against Nigeria’s attorney general in a bid to overturn fuel import licences issued to marketers and the NNPC,...
Oil prices gained about 2% after U.S. President Donald Trump said he and China’s Xi Jinping agree Iran cannot have nuclear weapons and as concerns persisted...
President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal pushed oil prices higher on Monday. This action has fuelled concerns that the...
Nigerian billionaire Aliko Dangote is looking at Kenya as the site of a 650,000-barrel-a-day oil refinery that he intends to build in East Africa, the Financial...
Residents of Nembe communities of Okpoama and Ikensi in Brass and Nembe Local Government Areas have raised the alarm over a fresh oil leak from an...
Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026:...
Oil prices fell 3% on Thursday, bouncing off session lows in volatile trade but staying down about 3%, keeping Brent below $100 a barrel on hopes...
Oil prices fell sharply to two-week lows on Wednesday as optimism grew about a possible end to the war in the Middle East, with reports the...
Dangote Petroleum Refinery and Petrochemicals Limited has revealed that the price of Premium Motor Spirit (PMS) remains same, stating that its ex‑depot price remains unchanged. The...
Nigerian crude oil producers supplied local refineries with less than half of the volumes allocated under the country’s domestic crude supply rules in the first quarter...