Heirs Energies, one of Africa’s indigenous-owned integrated energy firms, has said its success in reviving declining oil assets is proof that African companies can unlock value in areas where international …
oil and gas sector
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AfricaBusinessEconomyEnergyINVESTMENTOil & Gas
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BusinessEconomyEnergyLabourTrade
Dangote Says Refinery Has Ended Nigeria’s 50-Year Fuel Queue Crisis
President and Chief Executive of Dangote Petroleum Refinery, Aliko Dangote, has declared that Nigeria’s long history of fuel scarcity and queues has finally come to an end following one year …
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BusinessEconomyEnergyInfrastructureOil & GasTransportation
Dangote Refinery Set to Begin Direct Fuel Distribution with 1,000 CNG Trucks
Barring any last-minute change, the Dangote Petroleum Refinery is set to begin its direct fuel distribution scheme soon as 1,000 Compressed Natural Gas-powered trucks ordered for the project have arrived …
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BusinessEconomyFinance & ServicesMarketsOil & Gas
Nigerian Equities Market Hits ₦71 Trillion as Oando, 30 Stocks Drive Gains Amid Oil & Gas Sector Slump
The Nigerian equities market extended its bullish rally on Tuesday as the overall market capitalisation crossed the ₦71 trillion mark, driven by strong performances from Oando Plc and 30 other …
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EconomyEnergyNigeriaOil & Gas
Nigeria’s Oil Export Revenue Drops 17% in Early 2025 Despite Output Rise
Nigeria’s earnings from crude oil exports fell sharply in the first two months of 2025, dropping by 17 percent year-on-year to $6.68 billion, according to figures from the Central Bank …