Tag: #DangoteRefinery
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MIDDLE EAST TENSIONS UNLIKELY TO SHAKE NIGERIA STOCK MARKET — UWALEKE
Despite global unrest, Nigeria’s market remains insulated, with banking, consumer goods, and the upcoming Dangote Refinery listing driving optimism. Prof. Uche Uwaleke, President of the Capital Market Academics of Nigeria (CMAN), says the stock market is likely to remain resilient in Q2 2026 despite the US-Israel-Iran crisis. He told NAN in Abuja that the market’s…
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AFRICAN EXCHANGES STORM DANGOTE REFINERY AHEAD OF IPO
Africa’s biggest capital market players are already sizing up the Dangote Refinery as momentum builds toward one of the most anticipated listings on the Nigerian Exchange Group. NGX Chairman Umaru Kwairanga led representatives from major African stock exchanges on a strategic tour of the refinery — a key step ahead of its planned Initial Public…
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NAIRA-FOR-CRUDE POLICY SHIELDS NIGERIA FROM GLOBAL FUEL CRISIS
While the Middle-East conflict sends oil prices soaring worldwide, Nigeria stays fuel-secure thanks to Tinubu’s local refining push. President Bola Tinubu’s naira-for-crude policy has bolstered Nigeria’s energy security amid the ongoing Middle-East crisis, a presidential aide has revealed. Temitope Ajayi, SSA on Media, highlighted how the initiative—allowing NNPC to sell crude to local refiners in…
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FOCUS ON FUEL SUPPLY, NOT PRICE CONTROL – EXPERT TELLS FG
As global tensions shake oil markets, an energy expert is warning Nigeria—keeping fuel flowing matters more than fixing prices. Energy economist Wumi Iledare has advised the Federal Government to prioritise stable fuel supply over price control, saying it’s the key to economic stability amid global oil market disruptions. Speaking in Lagos, Iledare warned that trying…
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NIGERIA SAVES ₦6TN IN FUEL IMPORTS AMID DOWNSTREAM REFORMS
Bold economic moves and deregulation are reshaping Nigeria’s fuel sector. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says full downstream deregulation and forex reforms have saved Nigeria over ₦6 trillion in fuel import losses in the first nine months of 2025. Speaking at the Nigeria International Energy Summit (NIES) 2026 in Abuja, NMDPRA…
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AFRICAN ENERGY BANK TO RAISE $15BN FOR CONTINENTAL OIL & GAS BY 2030
Africa aims to fuel its energy future while creating half a million jobs! The African Energy Bank (AEB) is set to mobilize $15 billion by 2030 to finance oil and gas projects across Africa, creating over 500,000 direct jobs in the midstream sector, the Association of Petroleum Producers’ Organisation (APPO) has announced. APPO Secretary-General Farid…
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NIGERIA TAKES STRONG STEP WITH 15% TAX ON IMPORTED PETROL AND DIESEL TO BOOST LOCAL REFINING
Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has praised the Federal Government’s decision to impose a 15% import tax on petrol and diesel, calling it a move that will grow the economy, promote local production, and create jobs for youth. ECCIMA President Sir Odeiga Jideonwo highlighted the negative impact of excessive importation on…
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COURT ADJOURNS DANGOTE PETROLEUM REFINERY’S SUIT AGAINST NNPCL OVER OIL IMPORT LICENCE DISPUTE TO NOVEMBER 5
The Federal High Court in Abuja has adjourned the hearing of a lawsuit filed by Dangote Petroleum Refinery and Petrochemicals FZE against Nigeria National Petroleum Company Limited (NNPCL) and others concerning oil import licences. The hearing, initially scheduled for Wednesday, was postponed due to the presiding judge Justice Mohammed Umar’s absence, as he was sitting…
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LPG USERS, RETAILERS URGE FG TO ENSURE STEADY SUPPLY AND PRICE STABILITY
Consumers and retailers of Liquefied Petroleum Gas (LPG), or cooking gas, are calling on the Federal Government to secure consistent availability and stable prices following recent hikes linked to the Dangote Refinery strike. Speaking to NAN in Abuja, users acknowledged that queues and shortages are easing but stressed government action is needed to fully restore…
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NEPZA REAFFIRMS 10-YEAR BAN ON STRIKES IN FREE TRADE ZONES AMID DANGOTE REFINERY DISPUTE
Nigeria Export Processing Zones Authority (NEPZA) has confirmed its law bans industrial strikes and lockouts for 10 years within Free Trade Zones, including at Dangote Refinery. This move aims to preserve industrial peace and protect investments after recent union disruptions. NEPZA’s MD, Dr. Olufemi Ogunyemi, urged unions to channel disputes through the Authority, stressing that…
