Africa: Dangote Refinery Raises $2.5 Billion in Africa’s Largest Private Equity Placement/in /by
[Premium Times] Dangote Petroleum Refinery has raised about $2.5 billion through a private equity placement that was oversubscribed by 3.7 times, with the proceeds to fund expansion and strengthen its capital structure.
Nigeria: Govt Eyes 300,000 Bpd Oil Output, 500m Barrels Reserve From New 37 Blocks in Three Years/in /by
[This Day] Nigeria is targeting a minimum of 300,000 barrels per day (bpd) of crude oil and condensate as well as additional 500 million barrels reserve within the next three years from the 37 assets bided by oil firms in the ongoing Licensing Round being conducted by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
Nigeria: Fuel Tanker Crushes Dispatch Rider to Death in Lagos, Lastma Arrests Driver/in /by
[Vanguard] A commercial dispatch rider was on Wednesday crushed to death by a fuel tanker along Kodesho Road in Ikeja, Lagos, while the driver was later arrested by officials of the Lagos State Traffic Management Authority (LASTMA) after attempting to flee the scene.
Nigeria: Senate to Compel CBN, NNPCL, 40 MDAs Over Revenue Probe, Defiance of Summons/in /by
[This Day] * Sani Musa alleges widespread revenue retention, says some agencies have withheld government funds since 2020
Angola: National Agency of Petroleum Offers 85 Internal and External Scholarships/in /by
[ANGOP] Luanda -- At least 85 Angolan students will benefit from internal and external scholarships, from the next academic year, within the framework of the social project 'Okutanga', of the National Agency of Petroleum, Gas and Biodiversity (ANPG).
Nigeria: Dangote Refinery Ramps Up Fuel Exports As Crude Shortages, Forex Squeeze Bite/in /by
[Vanguard] The Dangote Petroleum Refinery has significantly increased exports of refined petroleum products as inadequate domestic crude oil supply and persistent foreign exchange constraints continue to hamper its operations.
Nigeria: Fresh Crisis Hits Ondo Assembly Over Alleged Sharing of ₦44 Million OSOPADEC Funds/in /by
[Premium Times] Some members of the House are reportedly calling for the resignation of the Speaker, Olamide Oladiji, for cornering the money, a claim the speaker denied.
Nigeria: 31 Firms Win 37 Oil, Gas Blocks in Nigeria’s 2025 Licensing Round/in /by
[Premium Times] Thirty-one companies have emerged winners of 37 oil and gas blocks in Nigeria's 2025 Licensing Round after a competitive commercial bid process in Abuja.
Nigeria: Govt Records Over $24.1bn Investment, $6.1bn to Boost Non-Oil Exports, Says Minister/in /by
[This Day] The Federal Government has said the implementation of the Renewed Hope Agenda has attracted more than $24.1 billion in capital importation and generated more than $6.1 billion in non-oil exports.
Nigeria: Nigeria Returns 13 Oil Blocks After 196 Firms Qualify for Commercial Bid/in /by
[Premium Times] NUPRC says 13 oil blocks were returned to the government's licensing basket after they failed to attract bids