Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Nigeria Expands Refining Capacity with Three New Licenses

Breaking News
© Allen Dreyfus

Ronald Adamolekun

Ronald Adamolekun is a financial journalist with an expansive experience covering markets, energy, banking, tech and the political economy.
  • Nigeria issues refinery licenses for 140,000 bpd capacity increase
  • Move strengthens country’s position as Africa’s refining hub

Lagos, Nigeria – Nigeria is bolstering its position as a major oil refining hub in Africa, following an announcement on Friday by the country’s midstream and downstream regulator of three new refinery license awards.

Sign Up To Our Free Newsletter

Recent Business

Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Can Ivory Coast’s $23mn sovereign fund turn an extractive boom into lasting wealth?
17/04/2026
16 hours ago
Brandon Orion Mensah
Read More »
Aerial view of a mine. Photo by Volker Braun @ Pexels
How Botswana’s diamond slump is fuelling energy crisis fears
17/04/2026
19 hours ago
Eric Kasongo
Read More »
Governor of the National Bank of Ethiopia, Eyob Tekalign, took center stage at a Capacity Development Talk session on the sidelines of the 2026 IMF/World Bank Spring Meetings in Washington, DC. Photo @NBE Facebook Page
Why Ethiopia's bold financial reforms could unlock growth or expose new risks
17/04/2026
23 hours ago
Michael Masrie
Read More »
Custom Research

Recent Politics

Benin Finance Minister Romuald Wadagni. Photo @Romuald Wadagni/Facebook
Benin election 2026: From fiscal discipline to political delivery - Wadagni’s real test begins
09/04/2026
1 week ago
Brandon Orion Mensah
Read More »
Kinshasa, Democratic Republic of Congo. Photo by Johnnathan Tshibangu @ Unsplash
Why DR Congo is taking in US deportees — and what Africa gains or risks
06/04/2026
1 week ago
Kent Mensah
Read More »
Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
27/03/2026
3 weeks ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Read More »
Can Ivory Coast’s $23mn sovereign fund turn an extractive boom into lasting wealth?
Aerial view of a mine. Photo by Volker Braun @ Pexels
Read More »
How Botswana’s diamond slump is fuelling energy crisis fears
Governor of the National Bank of Ethiopia, Eyob Tekalign, took center stage at a Capacity Development Talk session on the sidelines of the 2026 IMF/World Bank Spring Meetings in Washington, DC. Photo @NBE Facebook Page
Read More »
Why Ethiopia's bold financial reforms could unlock growth or expose new risks
Safety helmet at an oil field. Photo by Ümit Yıldırım @ Unsplash
Read More »
Angola, Nigeria and Ghana in the firing line as Gulf crisis hits Africa’s fuel economies
Aerial view of a mine. Photo by Volker Braun @ Pexels
Read More »
How Botswana’s diamond slump is fuelling energy crisis fears
Governor of the National Bank of Ethiopia, Eyob Tekalign, took center stage at a Capacity Development Talk session on the sidelines of the 2026 IMF/World Bank Spring Meetings in Washington, DC. Photo @NBE Facebook Page
Read More »
Why Ethiopia's bold financial reforms could unlock growth or expose new risks
Safety helmet at an oil field. Photo by Ümit Yıldırım @ Unsplash
Read More »
Angola, Nigeria and Ghana in the firing line as Gulf crisis hits Africa’s fuel economies
Photo by Omotayo Tajudeen © Unsplash /Nigeria
Read More »
Nigeria’s fragile disinflation cracks as energy shock and election spending loom
Governor of the National Bank of Ethiopia, Eyob Tekalign, took center stage at a Capacity Development Talk session on the sidelines of the 2026 IMF/World Bank Spring Meetings in Washington, DC. Photo @NBE Facebook Page
Read More »
Why Ethiopia's bold financial reforms could unlock growth or expose new risks
Safety helmet at an oil field. Photo by Ümit Yıldırım @ Unsplash
Read More »
Angola, Nigeria and Ghana in the firing line as Gulf crisis hits Africa’s fuel economies
Photo by Omotayo Tajudeen © Unsplash /Nigeria
Read More »
Nigeria’s fragile disinflation cracks as energy shock and election spending loom
Giza, Egypt. Photo by Phillip Wang @ Unsplash
Read More »
Is Egypt’s external recovery sustainable or just financing a widening trade deficit?