A new per-litre price of Premium Motor Spirit (PMS), commonly known as petrol, has been introduced across Nigerian National Petroleum Company Limited (NNPCL) retail outlets in the Federal Capital Territory (FCT), Abuja. EKO HOT BLOG reports that Journalists observed that the price of petrol had dropped from ₦1,060 to ₦1,040 per litre, reflecting a ₦20 … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to engage in talks with Dangote Petroleum Refinery from Tuesday to Wednesday to finalise agreements on the pricing and lifting of petrol from the facility. According to reports on Sunday, the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) had been asked by the $20 … Read more
President Bola Tinubu has expressed his condolences to Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), following the death of his daughter, Fatima. In a condolence message on Friday, President Tinubu described Fatima’s passing as both irreparable and painful. He prayed for the repose of her soul … Read more
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has lost his 25-year-old daughter, Fatima, who passed away on Friday, October 11, in Abuja. Her funeral prayers, held at the Annur Mosque in Abuja, were attended by Vice President Kashim Shettima, along with friends and associates of the Kyari … Read more
In a landmark move, Nigeria has officially commenced the sale of crude oil and refined petroleum products in Naira. EKO HOT BLOG reports that the announcement was made by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who confirmed that the policy took effect on October 1, 2024, following a directive … Read more
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 Nigeria Labour Congress (NLC) has condemned the federal government for betrayal following the Nigerian National Petroleum Company’s (NNPC) increase in petrol prices. In a statement on Tuesday, NLC President Joe Ajaero criticized the government’s move to raise the pump price to ₦855 per litre, emphasizing that it contradicts their agreement to keep fuel prices … Read more
Fuel shortages are reappearing in Abuja and neighboring states due to concerns over a planned nationwide protest, causing station closures and long queues. EKO HOT BLOG reports that fuel shortages are reemerging in Abuja and neighboring states such as Niger, Nasarawa, and Kogi, as filling stations close due to concerns over a planned nationwide protest. Oil … Read more
EKO HOT BLOG reports that Chairman, House of Representatives Committee on Petroleum Resources (Downstream), Ikeagwuonu Ugochinyere, has vowed on behalf of the committee to conduct a comprehensive audit of the petrol subsidy regime. Speaking at the inaugural meeting of the committee in Abuja on Friday, Ugochinyere said the implementation of the Petroleum Industry Act would … Read more