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

Minerals. Photo by Craig Thomas @ Unsplash
Rwanda mineral exports surge 46% in 2025 as trade deficit narrows
25/02/2026
3 hours ago
Alex Ngarambe
Read More »
Sun rises over Cape Town, South Africa. Photo by Rohan Reddy @ Unsplash
Namibia tightens bank board rules to curb foreign dominance in financial sector
25/02/2026
5 hours ago
Vitalio Angula
Read More »
Yango ride. Photo: Yango Ghana/ Facebook
Yango and Flutterwave deepen fintech integration with cashless expansion in Zambia
25/02/2026
7 hours ago
Kent Mensah
Read More »
Custom Research

Recent Politics

A cheerful Kenyan citizen at a public celebration. Photo: @ William Ruto/Facebook
Why is Kenya on full campaign mode one year to 2027 elections?
20/02/2026
5 days ago
Wanderi Kamau
Read More »
Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Why are Nigerians protesting electoral reforms ahead of 2027 polls?
18/02/2026
1 week ago
Dulue Mbachu
Read More »
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Kenya’s ODM in turmoil: Sifuna ouster exposes rift over Ruto alliance
16/02/2026
1 week ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

Minerals. Photo by Craig Thomas @ Unsplash
Read More »
Rwanda mineral exports surge 46% in 2025 as trade deficit narrows
Sun rises over Cape Town, South Africa. Photo by Rohan Reddy @ Unsplash
Read More »
Namibia tightens bank board rules to curb foreign dominance in financial sector
Yango ride. Photo: Yango Ghana/ Facebook
Read More »
Yango and Flutterwave deepen fintech integration with cashless expansion in Zambia
Gold mining machine, excavator. Photo by Albert Hyseni @ Unsplash
Read More »
Nigeria targets $1bn annual mining FDI as deadly accidents expose safety crisis
Sun rises over Cape Town, South Africa. Photo by Rohan Reddy @ Unsplash
Read More »
Namibia tightens bank board rules to curb foreign dominance in financial sector
Yango ride. Photo: Yango Ghana/ Facebook
Read More »
Yango and Flutterwave deepen fintech integration with cashless expansion in Zambia
Gold mining machine, excavator. Photo by Albert Hyseni @ Unsplash
Read More »
Nigeria targets $1bn annual mining FDI as deadly accidents expose safety crisis
Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
Read More »
Mali orders fintech firm Wave to pass 1% mobile money tax to users
Yango ride. Photo: Yango Ghana/ Facebook
Read More »
Yango and Flutterwave deepen fintech integration with cashless expansion in Zambia
Gold mining machine, excavator. Photo by Albert Hyseni @ Unsplash
Read More »
Nigeria targets $1bn annual mining FDI as deadly accidents expose safety crisis
Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
Read More »
Mali orders fintech firm Wave to pass 1% mobile money tax to users
Fish market in Cairo, Egypt. Photo by Mohamed Abdel Latif @ Pixabay
Read More »
Egypt remittances hit record $41.5bn in 2025 as FX reforms pay off