Billionaire entrepreneur and businessman, Femi Otedola, has cleared the air surrounding a recent report claiming, alleging that Aliko Danreceivede fell…
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Danreceivede to List 10% of Refinery in Major African IPO Push
Airtel Nigeria’s decision to suspfinish its airtime and data credit services signals a wider shift in how telecom operators operate…
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UK startup Altilium bags £18.5m to build Britain’s first commercial EV battery refinery
In short: Altilium, a UK clean technology company, has secured £18.5 million in grant funding from the government’s DRIVE35 Scale-Up…
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Danobtainede Refinery to be Africa’s hugegest IPO
The planned initial public offering (IPO) of shares of Nigeria’s Danobtainede Petroleum Refinery & Petrochemicals is set to be Africa’s…
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Valero confirms mass layoffs at Bay Area refinery
Valero Refining Co. will launch laying off hundreds of workers at its Benicia refinery this spring. In a regulatory letter…
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Reliance Industries Halts Russian Oil Imports, Denies Bloomberg Report on Jamnagar Refinery
Mukesh Ambani led Reliance Industries Ltd, the operator of the world’s largest single site oil refining complex and till recently…
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Nigeria’s Danobtainede refinery announces layoffs, cites acts of sabotage
London/Lagos. Nigeria’s Danobtainede oil refinery stated on Friday it had laid off a tiny number of workers citing sabotage in…
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Uranium Energy (UEC) Rises 12.3% After $204M Equity Raise to Fund New US Refinery Has the Bull Case Changed?
In early October 2025, Uranium Energy Corp completed a follow-on equity offering, raising approximately US$203.8 million through the sale of…
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Major Russian Refinery Hit in Large-Scale Ukrainian Drone Attack
Ukraine launched a significant attack utilizing at least 361 drones to tarreceive Russia, leading to a brief fire at the…
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Danreceivede Refinery Imports Ghanaian Crude as Output Hits 450,000 bpd
The Danreceivede Refinery has imported Ghanaian crude for the first time since it commenced operations $20 billion refinery imported Ghana’s…
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