Malta Deals: Kyari Distances Himself From Dangote’s Allegation The drama between business mogul, Aliko Dangote and the Nigerian National Petroleum Company Limited, NNPCl may expose those behind the dirty deals in the country’s oil sector. Dangote, while addressing a press conference accused some people of the NNPCL of blending crude oil in the Malta, a … Read more
Reps Probe Alleged Collusion Against Dangote Refinery Over Crude Oil Supply Withholding House of Representatives is investigating claims of crude oil supply obstruction to Dangote Refinery by NUPRC and IOCs. EKO HOT BLOG reports that the House of Representatives has initiated an investigation into claims that the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) and International Oil … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has seen its stake in the Dangote Refinery drastically reduced. Eko Hot Blog reports that the companies initiatial 20% share has dropped to 7.2% due to a failure to meet the required payment obligations. This was announced on Sunday by the Chief Executive Officer (CEO) of Dangote Refinery, … Read more
Operators in the downstream oil sector urge the Federal Government to ensure crude oil supply to the Dangote refinery, criticizing high prices and lack of collaboration as reasons for preferring imported fuels. Eko Hot Blog reports that operators in the downstream oil sector have urged the Federal Government to ensure the provision of crude oil to the … Read more
Dangote, Sanwo-Olu, Top Official Attend Eid-el-Kabir Gathering At Tinubu’s Lagos Home (Photos) Notable attendees included Aliko Dangote, Governor Babajide Sanwo-Olu, Deputy Governor Dr. Obafemi Hamzat, and Speaker Dr. Mudashiru Obasa. Governor Sanwo-Olu shared details of the gathering on his X handle. EKO HOT BLOG reports that the renowned businessman and chairman of Dangote Group, Aliko Dangote, … Read more
Dangote Refinery announced that Nigeria will stop importing petrol by next month due to the refinery’s production capabilities. The refinery’s operations could reduce Nigeria’s annual fuel import bill by N6.2 trillion, saving significant foreign exchange expenditures. The refinery will meet the fuel needs of West Africa and beyond, including supplying aviation fuel to the continent … Read more
Bloomberg ranks Dangote Refinery above the 10 biggest refineries in Europe With a capacity of 650,000 barrels per day, Dangote Refinery surpasses Shell’s Pernis Refinery, Europe’s largest The $20 billion refinery is described as a “game changer” and is expected to transform fuel markets in Nigeria and the region Eko Hot Blog reports that a … Read more
Eko Hot Blog reports that Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. A statement by the organisation on Tuesday night explained that the significant reduction in the price of diesel is expected to positively affect all the spheres of the economy and … Read more
Otedola and Dangote visit Tinubu in Lagos during Eid-El-Fitr. The visits underscore respect and camaraderie within Nigeria’s elite circles. These interactions mark significant gestures of goodwill and camaraderie during the festive period. EKO HOT BLOG reports that Nigerian billionaire and businessman Femi Otedola on Wednesday, paid a courtesy call to President Bola Tinubu at his residence … Read more
Dangote Predicts New Dollar To Naira Exchange Rate, Diesel Price. He expects a reduction in inflation following discussions with President Tinubu. Dangote emphasizes the importance of supporting government efforts to improve the economy. EKO HOT BLOG reports that Nigerian billionaire businessman, Aliko Dangote, has noted an improvement in diesel prices alongside a potential further drop in … Read more
Tinubu congratulates Aliko Dangote on his birthday, praising his industrial feats, inventive spirit, and support for Nigerian entrepreneurs. Tinubu highlights Dangote’s role in maintaining Nigeria’s global prominence as an entrepreneurial hub. He wishes Dangote continued prosperity in his endeavors across Nigeria, Africa, and the world. EKO HOT BLOG reports that President Bola Tinubu has congratulated Alhaji … Read more
Mark Zuckerberg surpasses Elon Musk, becoming the world’s third-richest person Aliko Dangote, Nigeria’s richest man, sees his wealth increase to $16.9 billion The reshuffling of global wealth highlights the volatility of the billionaire landscape Eko Hot Blog reports that in a dynamic shift in the global wealth hierarchy, Mark Zuckerberg, the CEO of Meta, has … Read more
• Dangote Foundation Donates 80,000 Bags of Rice to Lagos State • Rice to be Distributed to Vulnerable Households Amid Inflation • Private Organizations Urged to Support Relief Efforts Eko Hot Blog reports that, in a significant move to alleviate the impact of inflation on vulnerable households, the Aliko Dangote Foundation has donated 80,000 units … Read more
Eko Hot Blog reports that Billionaire businessman and president of the Dangote group, Alhaji Aliko Dangote has launched a N15 billion food intervention programme to cushion the burden of economic hardship on Nigerians. Speaking on Saturday during the launch of the programme in Kano, Dangote said the distribution of food items will run from March … Read more
Eko Hot Blog reports that the chairman of Dangote business group, Aliko Dangote has renamed the road leading to his Lagos refinery after the late Chief Executive Officer of Access Holdings, Herbert Wigwe. The businessman and Africa’s richest man said he took the action to keep the legacy of Wigwe. Editor’s Picks ‘Shameless Bloody Serpent’ … Read more
EKO HOT BLOG reports that Nigerian billionaire businessman, Aliko Dangote, paid a visit to Kano State on Friday, where he met with Governor Abba Kabir Yusuf. Upon his arrival in Kano, Dangote was welcomed at the Mallam Aminu Kano International Airport (MAKIA) around 11 am by the Chief of Staff to the Governor, Shehu Sagagi, along … Read more
Eko Hot Blog reports in a recognition of his outstanding contributions to Senegal and his exemplary achievements in business and philanthropy, Aliko Dangote, the President/Chief Executive of Dangote Industries Limited, has been honored with the prestigious National Order of the Lion. EDITOR’S PICK: Kano Hisbah Arrests 52 Keke Riders Over Alleged Immoral Haircuts And Unlawful … Read more
Eko Hot Blog reports that Dangote refinery is set to import crude from the United States of America in the coming months. According to Bloomberg, Trafigura Group is expected to sell 2 million barrels of WTI Midland to the Dangote refinery for end-February delivery, quoting traders with knowledge of the matter. With the development, sources … Read more
EKO HOT NLOG reports Aliko Dangote, President of Dangote Group, has reclaimed his position as the wealthiest individual in Africa with a net worth of $13.9 billion, according to the recently released 2024 Forbes list. EDITOR’S PICKS JUST IN: FG Gives Fresh Update On ‘Soon-To-Take-Off’ Student Loan Scheme FG: New Minimum Wage Committee To Be … Read more
Eko Hot Blog reports that the Dangote Petroleum Refinery company has sought the approval of the Federal Government to hit the domestic market with diesel and aviation fuel. The approval is expected from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, which is responsible for the regulation of midstream and downstream petroleum operations in … Read more