City Pulse News

By City Pulse News Nigeria's industrial landscape is entering another important phase as the Dangote Petroleum Refinery and Petrochemicals moves to raise about ₦2.15 trillion through a public share offering , giving investors an opportunity to take part in the expansion of one of Africa's biggest energy projects. The share offering, which opened to investors on September 14, 2026, involves 4.1 billion ordinary shares priced at ₦525 each . The fundraising is expected to generate approximately $1.6 billion , with the proceeds earmarked primarily for expanding the refinery's production capacity and supporting its longer-term growth plans. The development represents a significant change in the ownership and financing structure surrounding the refinery. Rather than relying entirely on private funding and institutional financing, the company is opening part of the business to a much wider group of investors through Nigeria's capital market. The development has attracted consi...

  Nigeria's Offshore Oil Sector Targets Major Investment as 22 Projects Move Toward Production By City Pulse News August 22, 2026 Category: Business / Energy Nigeria's oil industry could attract billions of dollars in new offshore investment as dozens of deepwater projects move toward production. Nigeria is positioning its offshore oil sector for a new wave of investment, with the country's upstream petroleum regulator expecting at least 22 offshore projects to begin production by 2030. The projects could attract as much as $50 billion in investment , according to the Nigerian Upstream Petroleum Regulatory Commission. The expected investment comes as Nigeria seeks to increase oil production, attract international capital and strengthen government revenue. For a country that remains heavily dependent on petroleum earnings, developments in the offshore sector could have significant consequences for public finances and the wider economy. Why offshore oil matters Nigeria has s...