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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.

Dangote Petroleum Refinery has pushed the close of its $1.6 billion IPO to October 27, giving investors more time to subscribe to Africa's biggest listing.

Independent marketers are pressing for an extension of the 30-day petrol discount, warning of fresh price increases when the window lapses.

The Nigeria Labour Congress has given the federal government two weeks to address petrol prices and the minimum wage, warning of industrial action.

The federal government has rolled out a 30-day petrol discount at NNPC stations, a temporary measure to ease household costs amid lingering reform pressures.

The state oil company's retail arm is giving up its margin for 30 days, offering temporary relief without imposing a nationwide pump price.

The Nigerian Upstream Petroleum Regulatory Commission has given affected operators until October 31, 2026, to disclose their ...

March trade flows marked a structural shift for a country that spent decades importing petrol despite being one of Africa's largest crude producers.