The federal government’s plan to introduce a 5 percent surcharge on refined petroleum products — including petrol and diesel — has been met with swift and loud opposition from industry stakeholders, civil society groups, and political figures. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has warned that the tax could push many … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has confirmed that the pump price of petrol will drop to ₦935 per litre nationwide starting Monday. This announcement was made by IPMAN’s National President, Alhaji Maigandi Garima, on Sunday in Abuja. He commended Dangote Refinery for facilitating the new pricing structure aimed at reducing transportation … Read more
Ekohotblog reports that the Ayetoro Fish Market, held every five days, was unusually quiet on Friday as fish sellers lamented low patronage. They explained that the high cost of fuel has made it difficult to purchase fish from the fishermen, severely impacting their businesses. According to the sellers, the type of fish they used to … 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
President Bola Ahmed Tinubu has explained to Nigerians living in China the reasons behind the recent hike in petrol prices back home. Speaking during a meeting with the Nigerian community in Beijing, Tinubu addressed the concerns surrounding the rising cost of Premium Motor Spirit (PMS), which has now reached between N897 and N1000 per liter, … Read more
By Oluwadamilola Opeoluwa Pitan A fuel tanker has fallen in Epe Local Government. The tanker spilled its content, triggering fears of a fire. The accident is only the latest in a string of tanker/trailer accidents that have plagued Epe Division in recent weeks. Ẹkọ Hot Blog reports that a fuel tanker has overturned in Aláró … Read more
IMF urges Nigerian government to eliminate fuel and electricity subsidies to avoid increased GDP impact. Despite removal of fuel subsidies, IMF criticizes inadequate compensatory measures Protestors call for reversal of electricity tariff changes amidst IMF recommendations EKO HOT BLOG reports that the International Monetary Fund (IMF) has cautioned the Nigerian government to eliminate what it termed … Read more
FRSC Cautions Against Carrying Fuel in Transit Seeks to Prevent Fire Incidents on Highways Urges Motorists to Drive Safely, Cooperate with FRSC Eko Hot Blog reports that in a crucial safety advisory, the Federal Road Safety Corps (FRSC) has warned motorists against conveying petrol in jerrycans while traveling. The Corps emphasized that this precautionary measure … Read more
Peruzzi throws shade at Wizkid with cryptic message Fans interpret statement as jab at Wizkid amid ongoing drama Incident adds to escalating tensions within music community Eko hot blog reports that In a surprising turn of events, singer Peruzzi has ignited controversy within the music industry with a clear jab at Wizkid, adding fuel to … Read more
Eko Hot Blog reports that Nigeria Air Force(NAF) Chief of Air Staff, Air Marshal Hassan Abubakar, has expressed concern over the steep fuel prices and the imposition of surcharges. Abubakar noted that the price of Jet A-1 stood at approximately N1,200 per litre, significantly higher than the N360 per litre budgeted by the service. Editor’s … Read more
EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPCL) has explained why there are currently long queues at some filling stations in Lagos State. The NNPCL, tied the development to a “brief distribution issue.” This online media platform gathered that long lines were seen on Monday at several petrol stations in Lagos. Locals … 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 Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged members of the public to disregard rumours of any imminent increase in the price of petrol. The Chairman of IPMAN, Enugu Depot, Mr Chinedu Anyaso, who gave the warning in Awka, Anambra state, at the weekend, while speaking with reporters, said … Read more
Eko Hot Blog reports that Nigerian National Petroleum Company (NNPC) Limited has reacted to reports that there is an imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. In a statement issued by the company’s spokesperson, Olufemi O. Soneye, on Wednesday, it said there was no plan to raise petrol … Read more
EKO HOT BLOG reports that a tanker laden with Premium Motor Spirit (PMS), better known as petrol or fuel, and a truck reportedly collided around the Lufuape axis of the Lagos-Ibadan Expressway on Wednesday, causing gridlock on the route. The accident, was caused traffic congestion for travellers inward and outward from Long Bridge to the … Read more
Eko Hot Blog reports that Amidst the pain caused by the fuel subsidy removal, Governor Uba Sani of Kaduna State has said Nigerians will soon enjoy the dividends of democracy. Speaking on Thursday when he was featured on Channels Television’s Politics Today, Sani said President Tinubu is working really hard to reduce the hardship caused … Read more
EKO HOT BLOG reports that the organised labour unions (Nigeria Labour Congress and Trade Union Congress) have insisted on embarking on strike on the 3rd of October, 2023. Ahead of the proposed strike, Nigerians may have to brace for fuel scarcity and nationwide blackout from Tuesday. EDITOR’S PICKS Victor Osimhen To Sue Napoli Over Mockery … Read more
EKO HOT BLOG reports that most filling stations across Nigeria are currently rationing petrol due to the refusal of fuel marketers to import the product. This is despite the recent deregulation of the downstream oil sector, which was supposed to allow private marketers to import and sell petrol. EDITOR’S PICKS ‘We Will Hand Over Power … Read more
EKO HOT BLOG reports that the Nigeria Labour Congress (NLC) has threatened to go on strike if the government increases the price of petrol without concluding negotiations with the labour unions. The NLC president, Joe Ajaero, said that the government should stop the falling value of the naira, which is making it difficult to import … Read more
EKO HOT BLOG reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized President Bola Tinubu, saying he hasn’t displayed enough interest in restoring the country’s refineries. IPMAN Chairman in Rivers State, Mr. Joseph Obele, argued that the President’s plans are misguided for the economic issues the nation faces. EDITOR’S PICKS BREAKING: Tinubu … Read more