Arewa Youths Initiative for Energy Reforms, AYIFER, has called on the Nigeria National Petroleum Corporation Limited, NNPCL, to do everything possible to bring Kaduna Refinery back into operation. National Coordinator of the group, Mr Bashir Al’Amin, stated this in a statement issued on Friday in Abuja. Al’Amin specifically called on the Chief Executive Officer of … Read more
Former presidential candidate of the Labour Party (LP) in the 2023 election, Peter Obi, has urged the federal government to prioritize transparency and accountability in managing Nigeria’s vital oil resources. This comes as the Port Harcourt Refinery officially resumes production after undergoing rehabilitation. Reacting to the development, the former governor of Anambra State took to … Read more
The Nigerian National Petroleum Company (NNPC) Limited has unveiled plans to collaborate with private sector firms for the management and maintenance of its Kaduna and Warri refineries. This strategic move is designed to bolster the country’s petrol supply and enhance energy security. EKO HOT BLOG reports that the announcement was made via a circular posted … Read more
Eko Hot Blog reports that Anambra South Senator, Ifeanyi Ubah, has hinted on the possibility of a reduction in the pump price of petroleum products. Addressing journalists on Thursday, the lawmaker disclosed that when oil refineries in Nigeria start operating at full capacity, the price of fuel will reduce. He said that fixing the refineries … 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
Eko Hot Blog reports that the Nigerian National Petroleum Company Limited (NNPCL) has crashed the depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N640 per litre to N630 per litre. The NNPCL has also disclosed plans to sell directly to independent marketers instead of first taking it to private depots so … 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
Nigeria, a country richly blessed with vast crude oil deposits, has continued to grapple with soaring costs of imported refined fuels. Despite over two decades of promises from successive governments to rejuvenate the country’s dormant refineries and the allocation of billions of dollars for this cause, there has been a conspicuous absence of substantial progress … 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 the Federal Government has disclosed that the Kaduna refinery will begin operation before the end of 2024. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made this known on Saturday during an inspection of the progress of quick-fix work on the Kaduna Refinery and Petrochemicals Company Limited (KRPC). … Read more
NNPC and South Korea’s Daewoo Group have signed an MOU to rehabilitate the Kaduna refinery. Eko Hot Blog reports that the Nigerian National Petroleum Company (NNPC) Ltd and Daewoo Group of South Korea have signed the Memorandum of Understanding (MoU) for the rehabilitation of the Kaduna refinery. EDITOR’S PICKS Buhari Attends First World Bio Summit … Read more