Conoil profit slump sees 77 percent drop in earnings as higher borrowing costs and weaker fuel sales squeeze margins in Nigeria’s retail fuel market.
Rainoil’s Gabriel Ogbechie calls for Nigeria pipeline infrastructure revival and predictable pricing to support efficient fuel distribution and energy sector growth.
UAC of Nigeria earnings climbed in 2025 after its C.H.I. Limited acquisition lifted revenue, with underlying profit rising despite significant one-off costs.
South Africa and several African governments are pursuing fuel supply contracts with Dangote Refinery as the Middle East war disrupts traditional supply routes from the Persian Gulf.