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
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 President Bola Ahmed Tinubu has approved the establishment of the Presidential Economic Coordination Council (PECC) and the creation of the Economic Management Team Emergency Taskforce (EET). The president brought into the economic team major players in the private sector, apparently to ensure a blend and cross-fertilisation of ideas. EDITOR’S PICKS … Read more
Eko Hot Blog reports that the Aliko Dangote Foundation (ADF) distributed 80,000 bags of 10kg rice to vulnerable individuals in Lagos State on Wednesday to alleviate the challenges faced in the country. The palliative distribution took place at the State House, Ikeja, Lagos, with Governor Babajide Sanwo-Olu, Aliko Dangote, and other dignitaries in attendance. Editor’s … Read more
EKO HOT BLOG reports that according to a recent survey, cement prices in some northern states have seen a decline. As reported by Legit, major cement manufacturers like Dangote, Lafarge, and BUA are selling the product at nearly identical prices. Despite efforts by the Nigerian government to alleviate the rising costs of construction materials, cement remains … Read more
Eko Hot Blog reports that a Nigerian man, Ahmad Kargi, expressed surprise after a cement seller offered him his N400 balance on the purchase of cement. Ahmad narrated his experience in a post via X on Wednesday. Editor’s Picks BREAKING: Edo Assembly Set To Impeach Deputy Governor Philip Shaibu JUST IN: Ekiti APC Chairman Paul … Read more
Eko Hot Blog reports that the evening of Monday was filled with deep emotions as political, business leaders; friends, family, and associates gathered at the Eko Hotel in Lagos to pay their final respects to the late Herbert Wigwe, the former Group Chief Executive Officer of Access Holdings Plc. Editor’s Pick: FG Begins New Expatriate … Read more
Eko Hot Blog reports that President Bola Ahmed Tinubu has issued a directive to cement manufacturers to revert to previous pricing of the commodity. This announcement was made by the Minister of Works, Senator David Umahi, following his inspection of the BUA cement factory in Sokoto on Thursday. During a recent meeting with the manufacturers, … Read more
EKO HOT BLOG reports that the Dangote Petroleum Refinery has initiated tenders for the sale of two fuel cargoes for export, according to trading sources familiar with the matter. This development comes amidst the eagerly anticipated release of products from the $20bn Dangote refinery, which was inaugurated in May last year by former President Muhammadu Buhari. … Read more
Eko Hot Blog reports that Aigboje Aig-Imoukhuede, the former group managing director of Access Bank, has visited the parents of the late Herbert Wigwe, the group chief executive officer (GCEO) of Access Holdings Plc. Aliko Dangote, chairman of Dangote Group; Dapo Abiodun, governor of Ogun; Atedo Peterside, founder of Stanbic IBTC Bank Plc; and Pat … 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 Group has reiterated its determination to eradicate the high youth unemployment in the country. Dangote Group’s Executive Director, Commercial Operations, Hajia Fatima Aliko-Dangote, who made this disclosure at the just concluded Lagos International Trade Fair during the “Dangote Day”, said since inception, the desire of the President of Dangote … Read more
EKO HOT BLOG reports that the authorities at Dangote Company, manufacturers of Dangote Cement have denied viral reports claiming they are set to reduce the price of cement from the current market price of N5,500 to N2,700. The company made the denial in reaction to viral reports on social media claiming they were set to … Read more
Eko Hot Blog reports that President Bola Tinubu is set to lead a high-powered delegation of 38 top businessmen and industry leaders from Nigeria’s private sector for a Presidential Round Table in India. Among the prominent figures joining the delegation are Africa’s richest man and Chairman of Dangote Group, Aliko Dangote; Chairman of the Femi … Read more
Buhari, Daura and Yusuf have reportedly fled Nigeria for London. The decision to leave might be tied to increasing pressures from DSS to arrest Yusuf. Yusuf has been implicated in various corrupt activities over the past eight years. EKO HOT BLOG reports that Ex-president Muhammadu Buhari, his uncle Mamman Daura, and nephew, Sabiu “Tunde” Yusuf, … Read more
EKO HOT BLOG reports that President Bola Tinubu is currently meeting behind closed doors with the Chairman of the Dangote Group, Aliko Dangote and Microsoft founder, Bill Gates at the Presidential Villa, Abuja. The Chairman of the Dangote Group had met with the President at the State House on Friday last week and told … Read more
Eko Hot Blog reports that South African Johann Rupert has displaced Nigerian billionaire businessman Aliko Dangote to become Africa’s richest man, Forbes Magazine said. Rupert’s net worth is currently $12 billion according to Forbes Real-time Global Billionaires Ranking, while Dangote trails behind him with a net worth of $10.8 billion as of Friday. Dangote’s net … Read more
Eko Hot Blog reports that all is set for the inauguration of President-elect Bola Tinubu and Vice-president-elect on Monday, May 29, 2023. Tinubu, 71, takes office, two months after being declared winner of the keenly contested February 25 presidential election. EDITOR’S PICKS ‘I Stand Ready To Dedicate My Entire Being To Serving You’ — Tinubu … Read more
Sanwo-Olu credited President-elect Tinubu for the refinery’s presence in Lagos State. He also praised President Buhari and Dangote for their efforts in ensuring the project’s success. On his part, Dangote said the Lagos government provided enabling environment for private sector growth. Eko Hot Blog reports that Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday, said … Read more
Dangote has announced the market entry date for the first product of its refinery. EKO HOT BLOG reports that Business mogul Aliko Dangote on Monday said the first product of the Dangote Petroleum Refinery and Petrochemicals “will be in the market before the end of July, beginning of August this year”. This announcement was made … Read more