Business
NNPC Brings Together Top African R&D Chiefs For Energy Innovation Drive
NNPC energy innovation forum opens in Abuja as African petroleum R&D leaders gather to advance collaboration, research, and energy innovation
The Nigerian National Petroleum Company Limited (NNPC Ltd), through its Research, Technology and Innovation Division (NNPC RTI), on Monday commenced the third meeting of the African Petroleum Producers’ Organisation (APPO) Forum for Research and Development Directors in Abuja, bringing together senior research leaders from across the continent.
Also read: NNPC Achieves N5.07tn Revenue Amid Production Dip
NNPC forum on energy innovation, convenes delegates from APPO member countries for a high-level dialogue aimed at strengthening collaboration in research, technology, and innovation within Africa’s petroleum industry.
The gathering, which runs from Monday until Thursday, April 23, is themed “From Vision to Value: Accelerating Collaborative R&D and Innovation for a Sustainable African Energy Future,” and is designed to deepen cooperation in advancing sustainable energy solutions across the continent.
Key stakeholders scheduled to address the opening session include APPO Secretary General Farid Ghezali, Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri, and the Group Chief Executive Officer of NNPC Ltd, Bashir Bayo Ojulari.
The programme includes technical engagements such as facility tours, visits to research institutions, plenary discussions, and working sessions focused on strategic R&D initiatives aimed at improving innovation outcomes in Africa’s energy sector.
A cultural night and networking dinner are also part of the agenda, intended to foster stronger professional relationships and encourage collaboration among participating delegates.
NNPC RTI described the initiative as a clear demonstration of its commitment to advancing research, technology, and innovation not only within Nigeria’s energy industry but across the African continent.
Also read: NNPC, Chevron Celebrate Awodi-07 Well Success
Officials say the forum is expected to generate practical frameworks that will enhance joint research efforts and support long-term energy development across member nations.
Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth
Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
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