Dangote Refinery Diversifies Crude Sourcing US Oil Imports to Bolster Processing Capabilities Strategic Move Amidst Nigeria’s Production Challenges Eko Hot Blog reports that the Dangote Refinery has unveiled plans to import a substantial 24 million barrels of US crude within the next year. This strategic move aims to enhance the refinery’s processing capacities and meet … Read more
Eko Hot Blog reports that Dangote Petroleum Refinery has announced a new selling price for its diesel and aviation fuel. The company disclosed that diesel will now sell at ₦940 per litre while aviation fuel will sell at ₦980 per litre. Editor’s Picks CBN Sells Fresh Dollars To BDC Operators At ₦1,021/$1 BREAKING: Dangote Slashes … Read more
Nigerian Army dismisses two soldiers who robbed Dangote Refinery Soldiers found guilty of abandoning duty post and possessing materials without authorization. Contractor named Smart allegedly manipulated soldiers into committing theft. EKO HOT BLOG reports that the Nigerian Army has announced the dismissal of two soldiers, Corporal Innocent Joseph and Lance Corporal Jacob Gani, following an investigation … Read more
Anticipated increase in Jet A1 supply from Dangote Refinery may lead to reduced ticket prices for domestic airline passengers. Indigenous carriers have adjusted ticket prices over the past four years due to rising jet fuel costs. Managing Director of Aero Contractors, Captain Ado Sanusi, expresses optimism about potential price decrease if Jet A1 prices drop. … Read more
In Nigeria’s dynamic energy landscape, recent developments regarding refinery operations and potential fuel price adjustments are sparking both excitement and caution. As we navigate these changes, it’s essential to dissect their implications and chart a course that prioritizes sustainability, affordability, and equitable access to energy resources for all Nigerians. EDITOR’S PICKS BREAKING: Prominent Activist, Fawaz … 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
Eko Hot Blog reports that about 107 companies including Dangote and Mikano International are currently enjoying tax exemption from the Federal Government despite its insistence to discontinue the programme and drastic steps to improve its revenue base. It also increased the number of beneficiaries enjoying Pioneer Status under the Industrial Development Income Tax Act by … Read more
Eko Hot Blog reports that the Managing Director of Financial Derivatives Company Limited, Bismark Rewane, has predicted that the pump price of diesel would drop significantly in May with the commencement of diesel production at Dangote Refinery. The renowned economist made this projection while appearing on Channels TV’s news bulletin. Editor’s Picks Lagos Govt Announces … Read more
Eko Hot Blog reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN) foresee a slight decrease in the pump price of Petrol once production resumes at the Port Harcourt Refining Company next month. According to PUNCH, IPMAN and MEMAN have also declared their readiness to … 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 The Nigerian Government has announced that it has settled $120 million out of the $1.3 billion gas debt. The gas debt has being a major determinant in the unresolved electricity supply challenge plaguing the nation. Recall that the electricity consumers in Nigeria have continued to suffer electricity outages since January … Read more
Eko Hot Blog reports that the Dangote Petroleum Refinery has initiated tenders to sell two fuel cargoes for export, marking a significant step for the newly commissioned $20 billion refinery, according to trading sources familiar with the matter, as reported by Reuters. EDITOR’S PICKS Full List Of AFCON Awards As Ekong Wins Player Of The … Read more
Eko Hot Blog reports that the Federal Airports Authority of Nigeria (FAAN) has banned protocol officers of government agencies from facilitating trips by their Principals and Officials at airports across the country. This was disclosed by the Managing Director of FAAN, Olubunmi Kuku, during her maiden interactive session with the Airline Operators Committee (AOC) and … 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 Blog reports that the Nigerian National Petroleum Company (NNPC) has released its 2022 financial statement, saying that its revenue increased to N8.81 trillion in 2022. The national oil company disclosed this in its audited financial statements on Thursday for the 16-month period ending December 2022. According to NNPP, the document showed that the … Read more
EKO HOT BLOG reports that Aliko Dangote, president of Dangote Group, has expressed his gratitude to President Bola Ahmed Tinubu and other key figures for their support in bringing the Dangote Petroleum Refinery online. The refinery, a landmark project of Africa’s richest man, has begun producing diesel and aviation fuel, marking a significant step forward for … 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
EKO HOT BLOG reports that production at the Dangote Refinery and Petrochemical Company commenced on Friday. EDITOR’S PICKS Bye-Election: Ani Emerges APC Candidate To Fill Umahi’s Senate Seat Bayelsa Government Investigates ‘Marriage’ Between 4-Year-Old And 54-Year-Old Man Gunmen Abduct Ex-Imo Traditional Council Chair The refinery received the fifth crude oil shipment of one million barrels … Read more
Eko Hot Blog reports that the stakeholders in the Downstream Petroleum sub-sector have reassured Nigerians that there will be a significant decrease in the pump price of petrol, also known as fuel. They are optimistic that the ongoing crises in the energy sector will be resolved soon. According to the businessmen, petrol prices will drop … Read more
Eko Hot Blog reports that Dangote Refinery management has officially acknowledged the receipt of the inaugural one million barrels of crude cargo. It, however, revealed that operation will commence after the National Petroleum Company Limited (NNPCL) supply the subsequent four shipments within the next two to three weeks, while ExxonMobil will provide the final shipment … Read more