Section
Earnings, deals, strategy and boardroom moves
Nigeria's upstream regulator has recovered about 50 dormant oil fields from non-performing operators as it enforces drill-or-drop rules to lift output.
Ethiopia has joined the list of investors in Dangote Petroleum Refinery's initial public offering, broadening the deal's pan-African appeal.
Dangote Petroleum Refinery reported a profit of about N6.29 trillion (about $4.73 billion) for the first nine months of 2026, cementing its turnaround.
NNPC Limited has cut petrol pump prices at its retail stations, joining a downstream price war that is easing costs for motorists but squeezing marketers.
Shell has agreed to sell Shell Nigeria Gas Group to Vaaris Energy Limited, the latest step in the oil major's restructuring of its Nigerian portfolio.
Conditional trading began on 9 October, with full admission expected on 14 October as Airtel Africa retains its strategic holding.
The ramp-up is reshaping the import bill and the economics of downstream distribution.
The mobility-finance company ended local operations after six years and said eligible drivers would make no further vehicle payments from 1 October.
The consolidation reduced outstanding shares to 6.85 billion and reset the reference price to N77 without mechanically changing investors' proportional ownership.
Volume growth is holding up, but profitability is being squeezed from both directions.
The review targets the timeliness and clarity of material-information filings.
Fuel and haulage expenses are reshaping where and how goods reach the shelf.
The country's largest financial group by assets has received another NGX extension for its audited first-half results while it waits for regulatory approval from the Central Bank of Nigeria.
Its battery-electric vehicle sales in China increased 36% in August, suggesting that parts of the transition are beginning to gain...
The offshore programme is expected to add about 40,000 barrels a day and marks a return to drilling by the Exxon affiliate after a decade.
The group paired a 16.2 percent profit increase with faster deposit growth and a lower cost-to-income ratio in its 2025 accounts.
March trade flows marked a structural shift for a country that spent decades importing petrol despite being one of Africa's largest crude producers.