The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Nigeria’s capital market regulator, the Securities and Exchange Commission, has cleared the procedural pathway for the Dangote Petroleum Refinery to offer 4.1 billion ordinary shares at N525 each. The transaction, expected to yield gross proceeds exceeding N2.1 trillion on the Nigerian Exchange, marks the largest equity flotation in African capital market history. Order books…
Africa’s largest ever share sale opens to the public on Monday, 14 September 2026, when Dangote Petroleum Refinery and Petrochemicals FZE begins accepting subscriptions for 4.1 billion ordinary shares priced at N525 each, a transaction that could raise about N2.15 trillion, or roughly 1.6 billion dollars, if fully taken up. The offer closes on 13…
Dangote Petroleum Refinery has raised the price of petrol sold to its customers to N1,350 per litre, up from N1,265, with the new rate taking effect on Saturday, September 12, 2026. The increase was communicated in a circular issued late on Friday by the refinery’s Group Commercial Operations department, which also revised the coastal delivery…
Nigeria’s petrol market is witnessing a notable shift as recent industry data indicate that the estimated cost of importing Premium Motor Spirit (PMS) was higher than the supply price of petrol from the Dangote Petroleum Refinery during the period reviewed. The development has renewed discussions about the role of domestic refining in reducing Nigeria’s…
Nigeria’s petrol market is showing a sharp reversal after months of declining dependence on imported fuel, with new regulatory data showing that imports accounted for 43.3 per cent of petrol receipts in July 2026, even as the country’s largest refinery had demonstrated the capacity to process more than its original design level. The latest…
Nigeria’s local petrol production fell for a second consecutive month in July 2026, sliding to its lowest level this year and pulling the country back towards the fuel imports that the Dangote refinery was expected to displace. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, showed that average daily petrol supply…
Global oil prices slipped below $80 a barrel as energy traders bet on a diplomatic breakthrough between Washington and Tehran. Brent crude fell to three-month lows following signs of an impending deal and the reopening of the Strait of Hormuz. Traders stripped away the heavy geopolitical risk premium that previously inflated energy costs. Additional crude…
Nigerian motorists and commuters are facing a severe cost-of-living squeeze as retail petrol prices climbed to fourteen hundred naira per litre across major cities. The surge follows a sharp rally in global benchmark crude prices driven by escalating conflict in the Middle East. Rising international oil prices forced domestic refiners and private importers to hike…
Brent crude closed above $100 a barrel on Thursday for the first time since late May, after Iran aligned Houthi fighters struck Saudi oil tankers in the Red Sea and opened a second maritime front in a conflict that has already crippled traffic through the Strait of Hormuz. The international benchmark settled 7 percent…
Dangote Petroleum Refinery has resumed gantry loading of petrol in local currency after a week-long suspension. The facility simultaneously increased its ex-depot price by N141 to N1215 per litre. The thirteen per cent price hike will immediately force filling stations to adjust pump rates upward across the country. Customer notices reveal that all outstanding, uncollected…