Dangote Petroleum Refinery and Petrochemicals reported revenue of $22.5 billion, profit of $4.7 billion, and cash reserves of $6.7 billion. The results concern a major Nigerian oil and gas business, though the refinery is not among the listed stocks provided.
The Federal Government plans to integrate applications and processing for Import Duty Exemption Certificates into the National Single Window platform, with the initiative entering its second phase. The change concerns import administration and may be relevant to listed companies that rely on imported inputs or equipment.
The article says 90,000 barrels of Nigeria’s crude oil are pledged daily to a lender under Project Gazelle, limiting the country’s ability to manage the crude. It argues that oil prices at $100 strengthen the case for freeing the Gazelle crude.
Bearish sentiment persisted on the Nigerian Exchange on Tuesday, October 13, 2026, and market capitalization fell by N144.54 billion during the trading session.
Nigeria’s headline inflation rate is projected to rise to 15.5 percent in September, potentially ending three consecutive months of easing. The outlook is clouded by oil prices near $100 a barrel.
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