Energy

Seplat Energy Sets $1 Billion Dividend Payout Target by 2030

Seplat Energy Plc has announced an ambitious plan to deliver a cumulative dividend payout of $1 billion to its shareholders by the year 2030. The...

Nigeria’s Crude Oil Output Rises 5.5% in August, Nears OPEC Quota

Nigeria’s crude oil production recorded a year-on-year increase of 5.5 percent in August 2025, averaging 1.43 million barrels per day (bpd), up from 1.36...

Dangote Refinery Expands U.S. Exports With Three Gasoline Cargoes in 10 Days

The Dangote Refinery has strengthened its foothold in the United States fuel market, dispatching three gasoline cargoes to New York Harbour within the past...

Dangote Refinery Exports First Petrol Shipment to United States

Lagos, Nigeria — The Dangote Petroleum Refinery has exported its first shipment of petrol to the United States, achieving a landmark moment for the...

Private Depots in Lagos Deserted as Dangote Refinery Begins Direct Petrol Supply

Lagos, Nigeria — Private petroleum depots in Lagos and surrounding areas were largely deserted yesterday following the rollout of direct petrol supplies by the...

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