Dangote signs $400m equipment deal for refinery expansion
Dangote IPO, insurance recapitalisation to drive new era of market liquidityShare Dangote Group has signed…
Dangote signs $400m equipment deal for refinery expansion
Dangote IPO, insurance recapitalisation to drive new era of market liquidityShare Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery, in a move set to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day…
Lagos validates VIO operations Says Abuja Appeal Court judgment not applicable to the state
THE Lagos State Ministry of Justice has clarified that the recent judgment of the Court of Appeal, Abuja Division on the activities of Vehicle Inspection Officers (VIO) in the Federal Capital Territory (FCT) does not invalidate the operations of the Lagos State Vehicle Inspection Service (VIS) on Lagos roads. The state government said its attention…
Dangote Appoints Daughters To Lead Key Group Operations
The world’s richest black person, Aliko Dangote, has appointed her daughters to major positions in the multi-billion global business group. Halima Aliko Dangote was appointed Group Executive Director, Dangote Family Office & International Offices (Dubai & London). Halima will continue to lead the establishment and maturation of the Dangote Family Office in Dubai, ensuring the…
Nigeria signs MoU with Singaporean and Chinese firms for LNG development
The Nigerian National Petroleum Company (NNPC) Limited has signed a tripartite memorandum of understanding (MoU) with China Gas Holdings Limited and Peiyang Chemical Singapore PTE (PCCS) Ltd to enhance liquefied natural gas (LNG) development in Nigeria. In a statement on Monday by PCCS, the company said the MoU establishes a framework for structured collaboration across…
Dangote Refinery misses daily petrol supply target, surpasses import
The Dangote Refinery did not meet its projected domestic supply target of 50 million litres of Premium Motor Spirit, PMS, per day in January 2026, according to figures released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. Data in the regulator’s January 2026 industry report showed that the 650,000-barrel-per-day facility delivered an average…
Dangote Refinery boosts PMS supply to 40.1 million litres daily – NMDPRA
reducing Nigeria’s dependence on imported PMS. In December 2025, the refinery projected it could supply up to 50 million litres of PMS daily between December 2025 and January 2026. Management has optimized its Crude Distillation Unit and Motor Spirit production block, stabilizing steady-state operations. A 72-hour performance test run is underway with technology licensor UOP…
Nigeria to benefit from AU MoU on Nuclear Energy with OECD
The African Union (AU), the African Commission on Nuclear Energy (AFCONE) and the OECD Nuclear Energy Agency (NEA) have signed a memorandum of understanding (MoU) to advance the peaceful application of nuclear science and technology for Africa’s socio-economic development. The NEA is an intergovernmental agency under the Organisation for Economic Cooperation and Development (OECD) that…
Nigeria did not meet its OPEC daily quota for six months
Nigeria failed to meet its crude oil production quota of 1.5 million barrels per day approved by the Organisation of the Petroleum Exporting Countries in the first month of 2026, extending its streak of underperformance to six consecutive months. According to OPEC’s Monthly Oil Market Report, Nigeria produced about 1.46 million barrels of crude oil…
Dangte Refinery Hits full Capacity of 650,000 Barrels per day
The Dangote Petroleum Refinery has reached its full nameplate capacity of 650,000 barrels per day following the restoration and optimisation of its Crude Distillation Unit and Motor Spirit production block, marking what the company describes as a global first for a single-train refinery of its scale. In a statement on Wednesday, the firm said the…
Siemens revives $2.3 billion Nigeria power deal stalled under previous administration
Germany’s Deputy Head of Mission in Nigeria, Johannes Lehne, said on Wednesday that the $2.3 billion Siemens power agreement between Nigeria and Germany remained largely dormant until President Bola Tinubu’s administration revived it after taking office. Speaking at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, Lehne said the bilateral partnership had…
