Why NUPENG, Dangote Meeting Was Held At DSS Office – FG NUPENG suspended strike after Dangote agreed to unionisation. Controversial trucking drivers’ union created by refinery was disbanded. The Minister of Labour and Employment, Muhammad Maigari Dingyadi, has explained why the headquarters of the Department of State Services (DSS) in Abuja was chosen as the … Read more
NUPENG Vows To Continue Strike After Talks With Dangote Collapse. Union insists only recognised oil unions can represent tanker drivers. Fuel depots remain shut nationwide, raising fears of looming scarcity. The National Union of Petroleum and Natural Gas Workers (NUPENG) has vowed to continue its nationwide strike after talks with Dangote Refinery management collapsed. A … Read more
Petrol stations across the South West may go dark from Monday as the Independent Petroleum Marketers Association of Nigeria (IPMAN), Western Zone, has vowed to shut operations in protest of what it calls an attempt to “monopolise” the downstream petroleum sector. The decision, reached at a zonal council meeting on Saturday, comes just as Dangote … Read more
Ardova Plc partners with Dangote Refinery for competitive fuel pricing. Deal aims to boost efficiency and competition in Nigeria’s oil sector. Dangote Refinery and MRS offer petrol at ₦935 per litre nationwide. Ardova Plc, one of Nigeria’s leading integrated downstream oil and gas companies, has signed a bulk purchase framework with Dangote Refinery to ensure … Read more
The Nigeria Labour Congress (NLC) has criticized President Bola Tinubu’s justification for removing the fuel subsidy, stating that the move has worsened the country’s economic challenges. This was in response to Tinubu’s remarks during a media chat on Monday, where he defended the subsidy removal as a necessary step to prevent national financial collapse. EDITOR’S … Read more
Dangote reduced petrol ex-depot price to ₦899.50, citing market forces. He denied claims of $1 billion NNPC financial aid. The refinery refines 350,000 barrels daily, transforming Nigeria’s oil sector. Aliko Dangote, President of Dangote Industries Limited, has clarified the recent reduction in the ex-depot price of Premium Motor Spirit (PMS) at his refinery’s loading gantry … Read more
Fuel marketers have provided an explanation for the delay in the reduction of petrol prices in Nigeria, despite official announcements by both Dangote Petroleum Refinery and the Nigerian National Petroleum Company (NNPC). In a move aimed at easing the burden on Nigerians ahead of the holiday season, Dangote Petroleum Refinery had announced a price reduction … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that petrol will be sold at ₦935 per litre across the country starting Monday, December 23. The announcement was made by the IPMAN National President, Alhaji Maigandi Garima, during a press interaction on Sunday. Garima confirmed that fuel stations nationwide would adopt the new pricing … Read more
The Nigerian downstream petroleum sector is witnessing heightened competition as the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery have both slashed the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦899 per litre. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and Families of Fallen Heroes Current Cement Prices: … Read more
Dangote Industries Limited President, Aliko Dangote, has applauded President Bola Tinubu’s naira for crude swap deal, citing its positive impact on Nigeria’s economy and the subsequent reduction in petrol prices. Eko Hot Blog reports that im a statement released on Saturday, Dangote announced a partnership with MRS Petrol station, which will see petrol sold at … Read more
NNPCL reduced petrol’s ex-depot price from ₦1,020 to ₦899 per litre. PETROAN praised the move, highlighting affordability and market competition benefits. Quality concerns emerged as stakeholders urged stricter regulatory enforcement. The Nigerian National Petroleum Company Limited (NNPCL) has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦1,020 to ₦899 … Read more
By: Samson Daniel Epe Club on Friday hosted a classic Cocktail Night Out Dinner to mark its 50th anniversary in grand style at the club’s house in Epe Division. Founded in 1974, Epe Club is one of the premier clubs in Epe Division. The club has a distinguished record of contributing to humanity, promoting the … Read more
Despite the recent reduction in the ex-depot price of Premium Motor Spirit (PMS) to ₦899.50 per litre by Dangote Petroleum Refinery, motorists and consumers have yet to see a reduction in pump prices as many petrol stations in Lagos and across the country maintain their rates. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and … Read more
Dangote Refinery reduces PMS price to N899.50 per litre. Price cut aims to ease transport costs during holidays. Consumers can buy extra litre on credit with bank guarantee. Dangote Petroleum Refinery has announced a reduction in the price of its Premium Motor Spirit (PMS) to N899.50 per litre, effective immediately. The announcement was made in … Read more
Dangote Refinery PLC has dismissed reports claiming that a $1 billion loan from the Nigerian National Petroleum Company Limited (NNPCL) was crucial in resolving its liquidity issues. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and Families of Fallen Heroes Current Cement Prices: Dangote, BUA, Others This Festive Season Fatal Crash on Lagos Third Mainland … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has announced securing a $1bn crude-backed loan to facilitate the operations of the 650,000 barrels-per-day Dangote Petroleum Refinery and address liquidity challenges. Chief Corporate Communications Officer, Olufemi Soneye, revealed this during the Energy Relations Stakeholders Engagement in Abuja on Monday. EDITOR’S PICKS PDP Declares Ethiope East Federal Seat … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for a reduction in petrol prices, urging the Dangote Refinery to lower its ex-depot price from ₦970 per litre in light of a reduced estimated landing cost of ₦900.28 per litre. This plea comes amidst the Federal Government’s crude-for-naira initiative, which began in October 2023. … Read more
A new per-litre price of Premium Motor Spirit (PMS), commonly known as petrol, has been introduced across Nigerian National Petroleum Company Limited (NNPCL) retail outlets in the Federal Capital Territory (FCT), Abuja. EKO HOT BLOG reports that Journalists observed that the price of petrol had dropped from ₦1,060 to ₦1,040 per litre, reflecting a ₦20 … Read more
The landing cost of Premium Motor Spirit (PMS), also known as petrol, in Nigeria has declined to ₦900.28 per litre as of Thursday, a drop of ₦36 or 3.62% from the previous week’s cost of ₦936.75 per litre. Data from the Major Energies Marketers Association of Nigeria (MEMAN) further revealed earlier dips this week, reaching … Read more
Dangote Refinery has officially commenced the export of Premium Motor Spirit (PMS) to Cameroon, marking its first-ever international shipment and a significant milestone for Africa’s largest oil refinery. EKO HOT BLOG reports that this groundbreaking export, announced in a statement by Dangote Refinery on Wednesday, results from a strategic partnership with Neptune Oil, a leading … Read more