Over 300 trucks owned by the Nigerian National Petroleum Company Limited (NNPCL) have arrived at the Dangote Refinery in preparation for the scheduled loading of petrol, set to commence on Sunday, September 15, 2024. EKO HOT BLOG reports that the confirmation came from NNPC’s spokesperson, Olufemi Soneye, via a video posted on his X (formerly Twitter) … Read more
The Nigerian National Petroleum Corporation (NNPC) recently announced an increase in the pump price of petrol from ₦617 per litre to ₦897 per litre. This outrageous hike has triggered a widespread discontent across Nigeria, especially as many had pinned hopes on the Dangote Refinery to alleviate the country’s lingering fuel crisis, EKO HOT BLOG observed. … Read more
The Federal Government has appointed the Nigerian National Petroleum Company Limited (NNPC) as the exclusive buyer of Premium Motor Spirit (PMS) from the Dangote Refinery. According to the agreement, marketers interested in purchasing the product will need to obtain it through NNPC’s trading company. EDITOR’S PICKS Japan’s Next PM Vows to Respect BOJ’s Autonomy Insecurity: … Read more
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Dangote Refinery will begin the distribution of Premium Motor Spirit (PMS) on Sunday. Edun, who was represented by the Executive Chairman, Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, said this at a news conference in Abuja on Friday. “I … Read more
The Nigerian National Petroleum Corporation (NNPC) Limited has requested dedicated office space for around 10 of its employees at the Dangote Refinery as part of an agreement related to crude oil supply. During a Twitter Spaces event titled “Unlocking How Dangote Refinery Shapes Price,” Devakumar V.G. Edwin, Vice President of Oil & Gas at Dangote … Read more
Petroleum marketers in Nigeria have raised concerns about the negative impact of Dangote Refinery’s reduced diesel prices on their businesses. In a letter addressed to President Bola Tinubu, the marketers stated that the refinery’s recent decision to lower local diesel prices to ₦900 per litre is adversely affecting their operations. EDITOR’S PICKS Police Arrest Man … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has declared its readiness to buy petrol from Dangote Refinery, regardless of the price set by the organization. EDITOR’S PICKS Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter Misinformation Grinds Down Trust Between Govt, People -Minister UEFA To Honour Ronaldo For Record-Breaking Champions League Career EKO … Read more
The Nigerian National Petroleum Company Limited (NNPC) has addressed recent allegations from the Muslim Rights Concern (MURIC) that its actions are hindering the operations of Dangote Refinery Limited (DRL). In a statement issued on Saturday, Olufemi Soneye, the Chief Corporate Communications Officer of NNPC, rejected the accusations that fluctuations in the pump price of Premium … Read more
Oil marketers have yet to begin loading Premium Motor Spirit (PMS), commonly known as petrol, despite the Federal Government’s assurance of availability this weekend. Investigations revealed that while PMS vessels have arrived at the Nigerian National Petroleum Corporation (NNPC) depots in Apapa and Port Harcourt, independent marketers are yet to start loading. EDITOR’S PICKS I’ll Support … Read more
Media personality Charles Oputa, better known as Charly Boy, has shared insights on why the fuel produced by Dangote’s Refinery appears clear in color. In an Instagram post, Charly Boy explained that clear fuel typically indicates the presence of Ethanol. He noted that Ethanol contains a significant amount of oxygen, which helps reduce carbonation in … Read more
Bloomberg confirmed on Thursday that the Dangote Petroleum Refinery will begin determining the price of petrol starting in October. EDITOR’S PICKS Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter Misinformation Grinds Down Trust Between Govt, People -Minister UEFA To Honour Ronaldo For Record-Breaking Champions League Career EKO HOT BLOG reports that Aliko Dangote, Chairman of Dangote … Read more
As Nigerians anticipate the release of Premium Motor Spirit (PMS) from the $20bn Dangote Petroleum Refinery, the Nigerian National Petroleum Company Limited (NNPCL) has announced it will begin lifting the product from the refinery on September 15, with prices influenced by foreign exchange rates and market forces due to the deregulated market. EDITOR’S PICKS Police … Read more
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has said that Dangote Refinery in Lagos will supply the Nigerian market with 25 million litres daily this September. It also said that beginning in October, the 650,000 barrels per day facility will pump 30 million litres daily into the Nigerian market. EDITORS PICK: Maduro Grounded: … Read more
Billionaire businessman and Chairman of Geregu Power Plc, Femi Otedola, has praised President Bola Tinubu for his unwavering support of the $20 billion Dangote Refinery in Lagos, crediting the President’s backing as instrumental to the project’s success. EDITOR’S PICKS Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter Misinformation Grinds Down Trust Between Govt, People … Read more
The Dangote Refinery has successfully commenced the rollout of its first batch of Premium Motor Spirit (PMS), also known as petrol, from its state-of-the-art 650,000 barrels per day refinery located in Lagos. Aliko Dangote, President of the Dangote Group, announced the milestone during a press conference held on Tuesday. He emphasized that the refinery’s output … Read more
The 650,000-barrel-per-day Dangote refinery has begun test runs for Premium Motor Spirit (PMS) production, with full operation expected by mid-September. The $20bn refinery built by Aliko Dangote which has so far only produced diesel and other distillate fuels, had earlier said that petrol deliveries from the refinery would start in July. Before that, the refinery … Read more
Good evening, Here is EKO HOT BLOG’s roundup of top stories in Nigeria today, August 21, 2024 Flood Disaster in Bauchi Claims 18 Lives The Bauchi State Emergency Management Agency (SEMA) has reported 11 more deaths due to recent floods in Bauchi North Senatorial District, bringing the total death toll to 18. The disaster in … Read more
Youths under the auspices of the Arewa Youth Congress of Nigeria, AYCN, on Wednesday took to the streets of Jos, Plateau state capital and demanded that domestic crude be supplied to Dangote Refinery. The protesters, who took their protest to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Jos Field Office, said refining crude locally … Read more
Wale Edun, the Minister of Finance and Coordinating Minister of the Nigerian Economy, has announced that the federal government will start selling crude oil to Dangote and other local refineries in Naira beginning October 1, 2024. Edun revealed this at the second meeting of the implementation committee on the transition to Naira-based crude oil sales, … Read more
Independent petroleum marketers in Nigeria are expecting petrol from the Dangote Petroleum Refinery to be priced between ₦600 and ₦650 per litre when it becomes available in the market. Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), expressed optimism in an interview with Punch that the $20 billion Dangote … Read more