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Nigeria to sell crude oil in local currency

Nigeria to sell crude oil in local currency

Nigeria is one the world's top oil producers with proven oil reserves of approximately 37 billion barrels.

Nigeria's Dangote refinery caught between promise and reality

Nigeria's Dangote refinery caught between promise and reality

As Dangote refinery rolls out its petrol production unit, uncertainty lingers in Nigeria over the would-be prices of petrol in the country.

Dangote promises relief for Nigerians after fuel rollout

Dangote promises relief for Nigerians after fuel rollout

The refinery, which has an initial capacity of 350,000 barrels per day, is expected to reach its full capacity of 650,000 barrels by the end of the year.

Dangote refinery begins processing petrol

Dangote refinery begins processing petrol

Nigeria's Dangote refinery has begun processing petrol, the firm's senior executive said on Monday.

Nigeria to start selling oil to Dangote in naira from October

Nigeria to start selling oil to Dangote in naira from October

The Nigerian government says the country's oil company will start selling crude to Dangote Refinery from October 2024.

Nigerian leader directs state firm to sell crude to Dangote in naira

Nigerian leader directs state firm to sell crude to Dangote in naira

Nigeria's President Bola Tinubu has directed state oil company NNPC to sell crude to Dangote refinery using the local naira currency.

Nigeria's Dangote refinery hopes to hit 550,000 barrels per day

Nigeria's Dangote refinery hopes to hit 550,000 barrels per day

The Dangote refinery in Lagos began production in January after several years of delays.

Nigeria's Dangote refinery accuses world oil majors of blocking access to crude

Nigeria's Dangote refinery accuses world oil majors of blocking access to crude

The $20 billion refinery, billed to be the largest in Africa and Europe at full throttle, started production in January but has struggled to find crude oil.

Wealth Report: Why Africa will have more millionaires

Wealth Report: Why Africa will have more millionaires

Africa's dollar millionaires are currently concentrated in five countries, but a new wealth study predicts that the HNWI population will rise by 65% and spread across a larger swathe of the continent in the next decade.