According to a report published by Daily Post on Tuesday, September 1, 2026, former Vice President and presidential contender of the African Democratic Congress (ADC), Atiku Abubakar, questioned why Nigeria has been unable to sell Premium Motor Spirit (PMS) at prices between N441 and N872 per liter. He pointed out that countries such as the…
The Africa Finance Corporation (AFC) has significantly bolstered its commitment to the burgeoning Nigerian energy sector through a substantial investment in the Dangote Petroleum Refinery. This strategic capital infusion, amounting to $2.5 billion, has been channeled via a private share placement, marking a pivotal moment in the financial backing of this monumental industrial complex. This…
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has granted fresh import permits for petrol and diesel for the third quarter of 2026 (July to September). This strategic move aims to pre-empt potential supply disruptions and guarantee adequate fuel availability across the nation, according to a report by global energy…
The Securities and Exchange Commission (SEC) has issued a stern directive to all capital market operators, demanding an immediate cessation of any promotional activities concerning a supposed Initial Public Offering (IPO) by Dangote Petroleum Refinery and Petrochemicals FZE. The regulatory body emphatically stated that it has neither received nor granted approval for any such offering,…
