The Minister of Aviation and Aerospace Development, Festus Keyamo, has announced that Nigerian airline operators will now purchase Jet A1 fuel exclusively from the Dangote Refinery. This move follows an agreement between the operators and the refinery, which has Keyamo’s full support. EDITOR’S PICKS Health, Planning Ministries Partner with AfDB on Sustainable System Project Shamim … Read more
The Nigerian National Petroleum Company Limited (NNPC) is set to implement a new pricing regime for petrol after lifting approximately 103 million litres from Dangote Refinery between September 15 and 30, 2024, Premium Times reports. EDITOR’S PICKS Health, Planning Ministries Partner with AfDB on Sustainable System Project Shamim Ahmed: Student Ally of Bangladesh’s Ex-Prime Minister … Read more
The Nigerian National Petroleum Company Limited (NNPC) has yet to begin the planned supply of crude oil in naira to the Dangote Petroleum Refinery, which was scheduled to start on October 1, 2024, as of Thursday, October 3. EDITOR’S PICKS Health, Planning Ministries Partner with AfDB on Sustainable System Project Shamim Ahmed: Student Ally of … Read more
The landing cost of Premium Motor Spirit (PMS), commonly known as petrol, has significantly decreased to N981 per litre, as reported by the Major Energies Marketers Association of Nigeria (MEMAN) on Thursday. This reduction marks a substantial drop from the previous price of around N1,130 per litre observed in recent weeks, reflecting a decline of … Read more
The House of Representatives has called on the Federal Government to order the Nigerian National Petroleum Corporation Ltd., NNPCL, to allow independent marketers to lift fuel from Dangote Refinery This followed the adoption of a motion of urgent public importance by Rep. Oboku Oforji (PDP-Bayelsa), during plenary on Thursday. EDITOR’S PICKS: School Proprietress Allegedly Killed, … Read more
The Central Bank of Nigeria (CBN) has projected that lifting petroleum from the newly launched Dangote Refinery will help reduce food prices in Nigeria in the short to medium term. CBN Governor Olayemi Cardoso shared this outlook during a press conference following the 297th meeting of the Monetary Policy Committee (MPC) in Abuja. EKO HOT … Read more
The Federal Government and Dangote Refinery have finalized a deal to supply 12 million barrels of crude oil to the refinery in October, as confirmed by Aliko Dangote, CEO of Dangote Refinery, during an interview with Bloomberg TV in the United States. This crude oil supply is part of an ongoing agreement with the federal … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced plans to meet with Dangote Refinery this week to discuss direct procurement of Premium Motor Spirit (PMS), commonly known as petrol, and explore potential price reductions. IPMAN spokesperson, Chief Chinedu Ukadike, shared this update in a recent statement, expressing optimism among members about the imminent … Read more
Experts in the petroleum industry have proposed that with effective government intervention, petrol from the Dangote Refinery could be sold for less than ₦600 per litre. The Crude Oil Refiners Association of Nigeria (CORAN) expressed optimism that local refineries, including Dangote’s, could reduce fuel costs if proper measures are implemented. EDITOR’S PICKS Police Arrest Man … Read more
Salihu Lukman, former National Vice Chairman (North-West) of the All Progressives Congress (APC), has accused the Nigeria National Petroleum Company Limited (NNPCL) of manipulating petroleum prices since the Dangote Refinery began operations. EKO HOT BLOG reports that in a statement titled “Nigerian Democracy in ICU,” Lukman argued that the pricing system is designed to maintain a … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized the Nigerian National Petroleum Company Limited (NNPCL) for selling petrol sourced from the Dangote Refinery at a higher price than imported fuel. Speaking on Channels Television’s The Morning Brief, IPMAN’s National Welfare Officer, John Kekeocha, questioned the pricing disparity. “If NNPC can sell Dangote products … Read more
The prices of Premium Motor Spirit (petrol) ranged between N897 and N980 per litre at major filling stations in the Federal Capital Territory, Abuja, as of Monday morning. An EKO HOT BLOG correspondent visited several major filling stations, including those operated by Independent Petroleum Marketers and NNPCL, revealing that pump prices per litre ranged from … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has announced that petrol supplied by the Dangote Refinery will be sold at different prices across the country, with northern regions facing the highest rates. In a Monday statement titled “NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing,” NNPC spokesperson … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has insisted that it paid ₦898 per litre for petrol purchased from Dangote Refinery. Olufemi Soneye, NNPCL’s Chief Corporate Communications Officer, reiterated this in response to a statement from the refinery. Earlier, Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote, had denied NNPCL’s claim, stating that … Read more
Good evening. Here are EKO HOT BLOG top Nigerian stories for today, September 15, 2024, featuring key developments from the Dangote Refinery’s first PMS loading, the Edo State governorship election, severe flooding in Maiduguri, and more. Dangote Refinery Set for PMS Loading The Dangote Refinery has announced its readiness to load Premium Motor Spirit (PMS) … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has revealed that it purchased fuel from Dangote Refinery at ₦898 per litre. EDITOR’S PICKS Japan’s Next PM Vows to Respect BOJ’s Autonomy Insecurity: Stop Hiding Behind Opposition—APC Urges Zamfara Govt Delta Child Rights Amendment Bill Passes Second Reading EKO HOT BLOG reports that on Saturday, the NNPCL moved … Read more
The Nigerian National Petroleum Corporation Limited (NNPCL) has commenced the lifting of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Refinery in Ibeju-Lekki, Lagos State. Over the weekend, more than 100 NNPCL trucks arrived at the refinery, with the first batch of petrol successfully loaded. The Dangote Group confirmed this development through … Read more
A senior official from the Independent Petroleum Marketers Association of Nigeria (IPMAN) has responded to reports that the Dangote Refinery will sell petrol to the Nigerian National Petroleum Company (NNPC) at ₦766 per litre. The official, speaking anonymously, explained that while the base price of ₦766 is set by the refinery, additional costs like transportation, … Read more
Reports have emerged that the Dangote Refinery is set to sell petrol at ₦766 per litre to the Nigerian National Petroleum Company Limited (NNPC). This follows the arrival of over 300 NNPC trucks at the refinery, as confirmed by NNPC spokesperson, Olufemi Soneye, on his X (formerly Twitter) handle on Saturday. The trucks are scheduled … Read more
Lagos State Government has devised a multifaceted traffic management strategy to ensure seamless traffic flow along the Lekki-Ajah corridor. Special Adviser to the Governor on Transportation, Hon. Sola Giwa, announced that LASTMA personnel will be deployed to regulate traffic and prevent disruptions. Hon. Giwa reassured residents and commuters that thorough preparations have been made, emphasizing … Read more