Angolan Mining Oil & Gas

ExxonMobil is downsizing its operations in Nigeria, Africa’s largest oil-producing country, as part of a broader strategy to scale down its presence in the region. The oil giant is vacating its expansive offices in Lagos with the expiration of a 33-year lease this Friday, according to insiders who spoke to Reuters. This move follows similar actions by other oil majors such as Shell, TotalEnergies, and Eni, which have attempted to exit Nigeria’s oil-rich Niger Delta

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In the past week, Nigeria has made alarming discoveries of illegal oil refineries in its southern region, where the country’s oil reserves are concentrated. These findings shed light on persistent issues plaguing the nation’s oil sector, such as oil theft and vandalism, which have been ongoing for years. Similar incidents were reported back in February, indicating a recurring challenge. According to a report from Nigerian newspaper The Punch, the Nigerian National Petroleum Company Limited (NNPCL)

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Nigeria’s Dangote refinery is gearing up for a dual listing on both the London and Lagos stock exchanges, as revealed by Devakumar Edwin, an executive at Dangote Refinery, during a recent announcement. Aliko Dangote had previously expressed the intention to publicly list Dangote Petroleum Refinery on the Nigerian Exchange Limited, as mentioned in an interview with the Financial Times last year. However, Edwin highlighted that solely listing on the Nigerian Stock Exchange wouldn’t suffice due

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