Dangote Cement Plc has announced plans to invest $400 million in expanding its Mugher cement plant in Ethiopia to strengthen industrial capacity in Africa’s cement market....
Fitch Ratings has announced the withdrawal of Dangote Industries Limited’s National Long-Term Rating and senior unsecured rating of ‘B+(nga)’ due to unresolved debt refinancing concerns. The...
Dangote Peugeot Automobiles Nigeria Limited (DPAN), the official manufacturer and marketer of Peugeot vehicles in Nigeria, has commenced local assembly of the GT variant of the...
Negotiations for the $60 billion merger between Japan’s Nissan Motor Co. and Honda Motor Co. collapsed on Thursday following disagreements over control. Despite the breakdown, both...
Dangote Petroleum Refinery and Petrochemicals has reduced the price of diesel to N1,020 per litre, down from N1,075 per litre as part of its continued efforts...
VFD Group Plc grew profit after tax from ₦0.75 billion in 2023 to ₦10.41 billion in the 2024 financial year despite the challenging operating environment. The...
Nigeria’s Dangote Oil Refinery is on track to achieve full operational capacity within the next 30 days. The 650,000-barrel-per-day (bpd) refinery began processing crude into refined...
The Nigerian National Petroleum Company Limited (NNPCL) has achieved a 96% reduction in gas flaring at the Anyala (OML 83) and Madu (OML 85) fields. This...
The House of Representatives has called on the Federal Government to suspend all divestment applications by International Oil Companies (IOCs), including Shell and TotalEnergies, until they...
Shell Petroleum Development Company (SPDC) has confirmed a fresh oil spill at its facility in Ogale, Rivers State. The incident occurred when a storage pit (saver...
