Nigeria Angola OPEC crude oil market share
Every story we have published on Nigeria Angola OPEC crude oil market share.
Endeavour Mining posts record $880m EBITDA
Endeavour Mining, West Africa’s largest gold producer, reported record adjusted EBITDA of $880 million for Q1 2026, up 29% quarter-on-quarter, with record free cash flow of $613 million ($2,176 per ounce), driven by a…
US-Iran truce sends oil crashing
A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent crude crashing from a peak above $120 per barrel in April to…
Nigeria slams the IMF’s tax prescriptions
A Nigerian think tank, the Alliance for Economic Research and Ethics, has criticised the IMF’s 2026 Article IV recommendations including excise…
Dangote’s petrol unit is down 34%
The Dangote Petroleum Refinery has been running its main petrol-producing RFCCU unit at 34% below capacity since May 21, initially due to feedstock…
Elumelu named Seplat’s next chairman
Seplat Energy announced on June 9 that Tony Elumelu will become board Chairman from January 1, 2027, succeeding Senator Udoma Udo Udoma. Effiong…
Rabiu buys $81m jet, nears $20bn
BUA Group Chairman Abdulsamad Rabiu has taken delivery of an $81 million Bombardier Global 8000, becoming the first African to personally own the…
Cardoso wins Central Bank of the Year
Nigeria’s Central Bank was named Central Bank of the Year 2026 at the Central Banking Awards in London on June 10. Governor Yemi Cardoso accepted…
Lagos rail reaches for its airport
Nigeria’s Aviation Minister Festus Keyamo announced plans at the Invest Lagos 3.0 forum on June 9 to extend the Lagos rail network from Ikeja Bus…
Nigeria’s trade surplus triples to N7.55tn
Nigeria’s Q1 2026 merchandise trade surplus surged 341% to N7.55 trillion ($4.1 billion) from N1.71 trillion in Q4 2025, driven by higher crude oil…
Dangote refinery powers past 700,000bpd
The Dangote Petroleum Refinery has validated crude processing capacity of 700,000 barrels per day, surpassing its 650,000 bpd nameplate design…
Tinubu’s three-year reform scorecard is mixed
Three years into Tinubu’s reforms, Nigeria’s GDP averages 3.46% quarterly growth, external reserves stand at $49.26 billion and federal revenues…
Botswana and Namibia’s $4bn refinery pact
Botswana and Namibia signed a bilateral agreement on May 28 at the AfDB Annual Meetings in Brazzaville to jointly develop a $4 billion oil refinery.…
Nigeria becomes a net fuel exporter
The Dangote Petroleum Refinery ran at 99.1% capacity in April 2026, producing 53.6 million litres of petrol daily against domestic consumption of…
$25bn Nigeria-Morocco pipeline deal locks in
Nigeria and Morocco will sign an intergovernmental agreement in Q4 2026 for the $25 billion African Atlantic Gas Pipeline, a 6,900-kilometre route…
Hormuz closure sends buyers to West Africa
The near-total closure of the Strait of Hormuz is redirecting global crude buyers toward West Africa and Latin America, creating a demand surge for…
Nigeria exports crude while Dangote refinery runs dry
Nigeria exported 55.39 million barrels of crude in January and February 2026 while the Dangote Refinery received only 26.9% of its required…
Angola’s $107 oil windfall meets SA’s supply crisis
Angola’s 2026 budget used a $61 oil reference price; Brent is at $107, generating roughly $50 million per day in above-budget windfall revenue. The…
UAE quits OPEC, squeezing Africa’s oil producers
The UAE formally left OPEC on May 1, targeting production of 5 million barrels per day by 2027 unencumbered by quotas. Its light, low-sulphur crude…