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Nigerian refineries

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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
News

Oil Producers Oppose Mandatory Crude Sales to Local Refineries

Oil producers in Nigeria are pushing back against a government proposal requiring mandatory crude sales to local refineries, citing concerns about profitability and existing contracts.
Business

Tinubu Committee and Dangote Refinery Agree on September Petrol Rollout

Nigeria's government and Dangote Refinery agree on September petrol rollout, shifting crude oil sales to naira.
News

U.S. Crude Oil to Dominate Nigerian Refineries, Economic Impact Unfolds

The United States may soon become the largest crude oil supplier to Nigerian refineries, significantly impacting the nation's economy and energy sector.

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News

Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
Business

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.
News

Analysts urge Nigeria to plug N31trn deficit by listing state assets

Analysts say Nigeria can fix its 31 trillion naira budget deficit by listing state-owned assets on the stock market instead of piling on more debt.