Defining the African Energy Narrative.
The planned listing of the Dangote Petroleum Refinery is increasingly being viewed as more than just another corporate planned initial public offering (IPO), as the conversation across financial and energy markets is shifting toward a much bigger question of whether the refinery shares can fundamentally redefine African energy investment. For decades, Africa’s energy story has […]
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has criticised the lawsuit filed by the Dangote Petroleum Refinery seeking to revoke fuel import licences issued by the Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The association warned that the legal action could destabilise Nigeria’s downstream petroleum sector, disrupt […]
Nigeria’s latest attempt to revive its long-troubled refineries in a partnership with two Chinese companies has been met with deep skepticism from critics and energy experts. The state-owned energy company Nigerian National Petroleum Company Limited (NNPCL) recently signed a Memorandum of Understanding with Hong Kong-listed Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation […]
For decades, countries in East Africa have depended heavily on imported fuel to keep vehicles moving, factories running and economies functioning. Petrol, diesel, and aviation fuel mostly arrive through international suppliers, leaving local markets exposed to global crises far beyond their control. When oil prices spike internationally or shipping routes become unstable, the effects are […]
Nigeria may be on the cusp of a significant shift in its energy and foreign exchange landscape, following the Dangote Petroleum Refinery’s achievement of full operational capacity. Chairman of First HoldCo, Femi Otedola, expressed optimism that the naira could strengthen substantially in the coming months, projecting that the currency may trade below ₦1,000 per dollar […]
