Energy

Dangote Refinery Denies IPO Speculation, Urges Investors to Ignore Unverified Reports

How Dangote Refinery Keeps Nigeria’s Petrol Prices Among World’s Lowest ...PMS cheaper in Nigeria than US, UK, South Africa, Ghana, others

Dangote Slashes PMS Price by N100, Declares Fuel Scarcity Gone for Good

Dangote Refinery Assures Steady Fuel Supply in Nigeria Despite Global Oil Shortage and Price Increase

Dangote Refinery to Supply 65 million litres of Petrol Daily … Exports 20m Litres Surplus

In a landmark shift for Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery & Petrochemicals will supply between 60 and 65 million litres of Premium Motor Spirit (PMS) daily to meet

Dangote Refinery and NNPC Forge Strategic Alliance to Secure Nigeria’s Energy Future

In a landmark move signaling a new era of collaboration, Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited (NNPC Ltd.) have committed to a strategic partnership aimed at t

Green Energy and Lekoil Move to Dismiss Suit and Lift Ex Parte Orders

Green Energy International Limited and Lekoil Oil and Gas Investments Limited (“LOGIL”) have filed applications before the Federal High Court seeking to strike out Suit No. FHC/L/CP/237/2026 and to se

Rockefeller Foundation, Global Energy Alliance, Clean Cooking Alliance, Energy Corps to Scale Modern Cooking Technologies in Africa

The Rockefeller Foundation, Global Energy Alliance for People and Planet Inc. (Global Energy Alliance), The Clean Cooking Alliance, and Energy Corps today launched the “Clean Cooking Accelerator Initi

Dangote Signs $400 Million Equipment Deal to Fast Track Refinery Expansion

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 ac

Dangote Refinery’s Crude Distillation Unit and Motor Spirit (MS) Block Hit 650,000 bpd Capacity …First Refinery In The World to Attain This Feat

The Dangote Petroleum Refinery has achieved a major operational milestone with the full restoration and optimisation of its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block. Both u

Dangote Cuts PMS Price by N25 per Litre

Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit by N25 per litre, lowering its ex-depot/gantry rate from N799 to N774 per litre. The refinery communicated the price adj

Dangote Refinery Clarifies: No Importation of Finished PMS into Nigeria

Dangote Petroleum Refinery has issued a firm clarification in response to recent publications attributed to S&P Global, stating that the reports misrepresent its operations and create a misleading

Dangote Refinery Backs Gantry Loading, Cautions Against Costly Coastal Evacuation - FinancialEDGE

Dangote Petroleum Refinery has reaffirmed its commitment to supplying high quality petroleum products at competitive and affordable prices, urging marketers and policymakers to prioritise logistics choices that support price stability and consumer welfare. The refinery said its position is anchored on sustained investments in critical infrastructure, including a world class gantry facility with 91 loading

Savannah Energy Sees 12% Rise in Nigeria Cash Collections, Posts Strong FY 2025 Update - FinancialEDGE

Savannah Energy Plc, the British independent energy company focused around the delivery of Projects that Matter, has released its financial and operational update on its Nigerian operations and other markets in Africa, including up-to-date cash collections in its Nigerian business. The update shows that its gross production in Nigeria averaged 18.8 Kboepd for FY 2025,

Dangote Refinery Refutes Import Claims, Says Allegations Are False and Misleading … Reaffirms Commitment to Delivering Euro‑Standard Fuel to Nigerians - FinancialEDGE

Dangote Petroleum Refinery & Petrochemicals (DPRP) has firmly denied reports suggesting that it imports finished petroleum products, describing the claims as incorrect and based on a misunderstanding of global refinery operations. As a state‑of‑the‑art, large‑scale merchant refinery, DPRP refines crude oil and processes intermediate feedstocks into premium petroleum products and petrochemicals that meet the highest

Ardova Plc Launches AP SuperMax Lubricant, Targets Mass Market - FinancialEDGE

Ardova Plc has launched a new lubricant brand, AP SuperMax, aimed at providing affordable and quality engine protection for everyday users in Nigeria. The product is designed for older engines, motorcycles, tricycles, and generators, and is available in one-litre and four-litre packs, priced at ₦3,750 and ₦13,300 respectively. Deputy Managing Director, Dr. Abiola Babatunde Ojo,

Dangote Group, NNPC Subsidiaries Seal Strategic Gas Agreements - FinancialEDGE

Towards meeting the energy demands of their ongoing expansion projects, three subsidiaries of Dangote Industries Limited, Dangote Petroleum Refinery, Dangote Fertiliser Plant and Dangote Cement Plc have scaled up their Gas Sales and Purchase Agreements (GSPA) with subsidiaries of the Nigerian National Petroleum Company Limited (NNPC Ltd): Nigerian Gas Marketing Limited and NNPC Gas Infrastructure

REA Delivers 100kWp Mini-Grid in Damau Village, Delivers Clean Energy, Stable Water to over 2,500 Residents - FinancialEDGE

The Rural Electrification Agency (REA) has successfully completed and commissioned a 100kWp solar mini-gridinDamau, a rural community in Kubau Local Government Area ofKadunaState,marking another milestone in the Agency’s mandate to expand sustainable energy access and improve socio-economic growth in underserved and underserved communities across Nigeria. The Damau mini-grid, delivered through the Federal Government’s Capital Subvention,

Dangote Refinery reaffirms market stability, assures nationwide PMS supply - FinancialEDGE

Dangote Petroleum Refinery & Petrochemicals reaffirms its commitment to market stability and uninterrupted nationwide supply of Premium Motor Spirit (PMS). During the recent festive period, the Refinery implemented a deliberate and temporary price support intervention to cushion Nigerians at a time of heightened household spending. This marked the second consecutive festive season in

Ardova Plc Achieves ISO 27001 Certication, Reinforcing Commitment to Information Security

Ardova Plc, one of Nigeria’s leading integrated energy companies, has been awarded the prestigious ISO 27001:2022 Certication, the world’s leading standard for information security management systems

Abuja Electricity Distribution Plc Shifts to Holding Company Model, Unveils Key Appointments - FinancialEDGE

Abuja Electricity Distribution Plc (AEDC) has announced its transition into a Holding Company (HOLDCO) structure, a strategic move designed to strengthen the company's ability to operate effectively within Nigeria's evolving electricity market and newly decentralized regulatory environment. This move follows the enactment of the Electricity Act of 2023, empowering State Governments to establish independent electricity

TotalEnergies Signs a Sale and Purchase Agreement in view of Divesting its Oil Interest in Renaissance JV formerly SPDC - FinancialEDGE

TotalEnergies announces that its subsidiary TotalEnergies EP Nigeria has signed a Sale and Purchase Agreement (SPA) with Vaaris for the sale of its 10% non-operated interest in the Renaissance JV licenses in Nigeria. The Renaissance JV, formerly known as the SPDC JV, is an unincorporated joint venture between Nigerian National Petroleum Corporation Ltd (55%), Renaissance

Dangote Refinery says Fuel scarcity has gone with subsidy, Delivers World-Class Fuels to Nigerians …Assures Nigerians on Price Stability, Listing of Refinery stocks - FinancialEDGE

Dangote Refinery has reaffirmed its commitment to supplying Nigerians with premium-quality petrol (PMS) that meets global standards, in line with its vision of ensuring energy security for Nigeria and Africa. Speaking at a media briefing in Lagos, Mr. David Bird, Managing Director and Chief Executive Officer of Dangote Refinery, emphasized the facility’s advanced design and

IPMAN Rejects Fuel Imports as Dangote Refinery Denies Supply Disruption Claims - FinancialEDGE

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has voiced strong opposition to the continued importation of Premium Motor Spirit (PMS) into the country. The association also distanced itself from reports suggesting that the surge in petrol imports in November 2025 was linked to a breakdown in supply arrangements between Dangote Refinery and petroleum marketers,

Dangote Refinery Dismisses Shutdown Claims, maintains 50 million Litres PMS Daily Output … Reaffirms N699 Gantry Price as Marketers Lift Over 48 million Litres on Sunday …Blasts Fuel Importers for Spreading Falsehoods and Exploiting Nigerians - FinancialEDGE

Dangote Petroleum Refinery has categorically rejected a circulating report claiming the refinery is shutting down for maintenance, describing the story as false and misleading. In a statement released on Monday, the refinery emphasised that production remains ongoing, stable, and uninterrupted. “Dangote Petroleum Refinery continues to operate at scale and retains the capacity to supply between

Savannah Announces Relationship Agreement with NIPCO Plc and Off-market Share Buyback Termination Agreement - FinancialEDGE

Savannah Energy Plc, the British independent energy company focused around the delivery of Projects that Matter in Africa, has announced the intended entry into a relationship agreement with its largest shareholder, NIPCO Plc, a diversified Nigerian energy conglomerate, in connection with NIPCO increasing its shareholding in Savannah. According to the statement, NIPCO proposes to acquire

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth - FinancialEDGE

Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony O. Elumelu, CFR, Chairman of Heirs Energies, and Dr. George Elombi, President and

Dangote Refinery Launches Nationwide PMS Sales at ₦739 per Litre via MRS Stations

Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations. This move represents a signif

KETRACO Partners with Africa50 and PowerGrid India for $311m Power Transmission Project - FinancialEDGE

The Kenya Electricity Transmission Company Limited (KETRACO) has today signed a transformative Public-Private Partnership (PPP) agreement with a consortium comprising Africa50 and Power Grid Corporation of India, marking a significant milestone in the expansion and modernization of Kenya’s power transmission network. The project, valued at USD 311 million (KES 40.4 billion), will be fully financed

Fuel Marketers Flock to Dangote Refinery as over 1,000 Trucks Load Daily …Lower Prices and Reduced Minimum Purchase Volume Drive Surge in Demand - FinancialEDGE

Dangote Refinery has emerged as the hub of fuel distribution in Nigeria, following bold strategic adjustments aimed at making energy more affordable and accessible. The refinery recently announced a significant reduction in the pump price of Premium Motor Spirit (PMS) to ₦699 per litre, alongside a drastic cut in the minimum purchase requirement from 2 million litres

Dangote Refinery’s PMS supply will reduce petrol price, says IPMAN - FinancialEDGE

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on all its members nationwide to patronise the Dangote Refinery in their purchase of PMS products, noting that the refinery already offers the best affordable price for all marketers, even as free delivery commences in January 2026. The association also expressed delight over a

Dangote alleges sleaze at NMDPRA, demands Investigation, prosecution of Farouk Ahmed … Says petrol pump price to fall below N740 per litre before Christmas - FinancialEDGE

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has called for an investigation and prosecution of the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Farouk Ahmed, accusing him of economic sabotage, which he said is undermining domestic refining in Nigeria. Speaking at a press conference at

Dangote Refinery Gets Ghana Crude Boost as Maintenance Looms - FinancialEDGE

Africa’s richest man, Aliko Dangote, has received a second crude shipment from Ghana at his Dangote Petroleum Refinery, marking another step in its effort to rely more on West African supply ahead of scheduled maintenance. The latest cargo carried Ghana’s Sankofa grade and arrived in November, as the refinery reduces purchases from Europe. Crude deliveries

Nigeria Should Not Be Importing Fuel, We Have the Capacity to Meet Local Demand — Dangote - FinancialEDGE

President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has criticised the crude supply practices of international oil companies, insisting that Nigeria has no justification for importing crude or refined petroleum products if existing laws are properly enforced. Speaking during a visit by the South South Development Commission (SSDC) to the Dangote Petroleum Refinery and Fertiliser Complex

Dangote Refinery to Supply 1.5 Billion Litres of Petrol Monthly - FinancialEDGE

Dangote Petroleum Refinery has announced plans to supply one billion five hundred million litres of Premium Motor Spirit (PMS) monthly to the Nigerian market in December 2025 and January 2026, a move aimed at ensuring uninterrupted nationwide fuel availability through the festive season and into the New Year. President and Chief Executive of Dangote Industries

NUPENG’s Heinous Plot To Hijack PTD Branch Will Fail – Comrade Obi-Dede Wonder Cries Out - FinancialEDGE

An elder and key stakeholder in the Petroleum Tanker Drivers (PTD) Branch of NUPENG, Comrade Obi-Dede Wonder has made scathing remarks about his Union, alleging that under the current leadership of Comrades Williams Akporeha (President), Afolabi Olawale (General Secretary) and Salimon Akanni Oladiti (National Trustee) an agenda had been hatched to carry out systematic take

Dangote Contracts Honeywell International for Major Refinery Capacity Upgrade to 1.4 million barrels per day - FinancialEDGE

Dangote Group is pleased to announce that it has entered a strategic partnership with Honeywell International Inc to support the next phase of expansion of the Dangote Petroleum Refinery. This collaboration will provide advanced technology and services that will enable the refinery to increase its processing capacity to 1.4 million barrels per day by

NNPC/Seplat JV Commissions, Hands Over Power System/Underground Cabling Project to NCDMB - FinancialEDGE

The NNPC/Seplat Joint Venture commissioned and formally handed over a fully integrated Power System and Underground Cabling Project to the Nigerian Content Development and Monitoring Board (NCDMB) at the Nigerian Oil and Gas Industrial Parks Scheme (NOGAPS 1) in Odukpani, Cross River State. Senior officials from the NNPC Upstream Investment Management Services (NUIMS), Seplat Energy

Dangote refinery says its price reduction by 5.6% reduces pump prices and not FG’s suspension of 15% import tariff on PMS, Diesel - FinancialEDGE

The attention of Dangote Petroleum Refinery has been drawn to a series of misleading publications claiming that the recent reduction in pump prices by oil marketers is a consequence of the Federal Government’s reversal of the 15 per cent import tariff. This narrative is entirely false, deliberately misleading, and inconsistent with actual market dynamics. For

Sahara Group Foundation Opens 16th Sahara Go Recycling Hub to Drive Environmental Sustainability and Economic Empowerment - FinancialEDGE

Sahara Group Foundation, the corporate social impact arm of Sahara Group, has commissioned its 16th Sahara Go-Recycling Hub in Lekki, Lagos State, reaffirming its commitment to sustainable waste management, environmental protection, and community empowerment. The new hub, strategically located in Lekki, expands the Foundation’s recycling footprint and builds on the success of 15 existing hubs

Dangote Refinery Guarantees Consistent PMS, Diesel Supply … Delivers 45 million Litres of Petrol and 25 million Litres of Diesel Daily - FinancialEDGE

Dangote Petroleum Refinery has reaffirmed its commitment to ensuring steady and uninterrupted supply of Premium Motor Spirit (PMS) and Automotive Gas Oil (diesel) nationwide, with a daily production capacity exceeding the domestic demand. Speaking on the development, Group Chief Branding and Communications Officer, Dangote Industries Limited, Anthony Chiejina, said the refinery’s operations are driven

TotalEnergies hosts Contractors HSE forum to improve safety, operational excellence - FinancialEDGE

TotalEnergies hosted a Health, Safety, Security, Social and Environment (HSSSE) forum for 62 contractors at the TotalEnergies Village in Port Harcourt. Themed “The Role of Contractors in Regaining Operational Control and Embedding Safety Culture,” the event aimed to reinforce the company’s commitment to zero incidents and fatalities, introduce the SABI project, and provide a platform for

Police seal Nestoil headquarters as First Bank seizes assets owned by firm, Azudialu-Obiejesi - FinancialEDGE

Armed police officers sealed the Lagos headquarters of Nestoil Limited on Tuesday, following a Federal High Court order authorising First Bank of Nigeria and its subsidiary, FBNQuest Merchant Bank, to take over the company’s assets due to an alleged multibillion-dollar debt default. The enforcement followed a directive issued by Justice D. I. Dipeolu of the

Seplat Energy Advocates Entrepreneurship for Media Professionals, Urges Preparedness for Retirement - FinancialEDGE

Seplat Energy Plc, leading Nigerian independent energy company, has held the 2025 Annual Media Training Programme in Abuja, in line with the company’s commitment to media excellence, entrepreneurship and economic well-being. The training programme which had in attendance 50 journalists, brought together media professionals in the Capital City for a two-day hands-on learning, expert-led sessions,

Dangote Refinery sets to become the largest in the world with 1.4m bpd capacity … Plans NGX listing to empower Nigerians - FinancialEDGE

President of Dangote Industries Limited, Aliko Dangote, has explained that the decision to expand the Dangote Petroleum Refinery from 650,000 barrels per day (bpd) to 1.4 million bpd is driven by emerging opportunities across Africa, growing regional demand for cleaner fuels, and Nigeria’s evolving policy environment that encourages local refining. Speaking at a media briefing

Savannah Energy Provides Nine-Month Period Ended 30 September 2025 Financial and Operational Update, Announces New Nigerian Investor, NIPCO - FinancialEDGE

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, has provided update on its operating and financial performance for the nine months to 30 September 2025. All figures are unaudited. The update shows that Savannah has continued its growth trajectory, with appreciable increase in its Total Revenues and cash collections.

Dangote Refinery Clarifies Feedstock Imports, Reaffirms High-Quality Petrol Production - FinancialEDGE

Dangote Petroleum Refinery has dismissed recent media reports alleging that it is importing finished petrol with high sulphur content into Nigeria, describing the claims as false and misleading. In a statement issued on Friday, the company explained that, as a world-scale complex refinery, it processes a wide range of crude oils and intermediate feedstocks,

A New Era for Otakikpo. A Proud Moment for Lekoil - FinancialEDGE

Lekoil Nigeria Limited is proud to mark a defining chapter in her journey as a leading independent oil and gas company in Nigeria, as President Bola Ahmed Tinubu, represented by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, commissions the Otakikpo Onshore Crude Oil Export Terminal. The commissioning of the strategic export channel, through which Lekoil evacuates crude oil from the

PTD Alerts Police IG, DSS Director-General Over Plot By NUPENG To Harrass & Arrest Its National Officers - FinancialEDGE

Petroleum Tanker Drivers (PTD) Branch of NUPENG has officially appealed to the Inspector-General of Police and the Director-General of the Department of State Services not to allow themselves to be used as instruments of persecution against Comrade Lucky Osesua-led leadership of PTD and other members of the Union who are perceived to be unsupportive of

Dangote: FG says Nigeria is greater than PENGASSAN - FinancialEDGE

The Federal Government on Monday berated the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) for holding the whole country to ransom over a minor labour dispute that would have been amicably settled. The government said the $20 billion Dangote Petroleum Refinery is a national asset that must be supported to function and