The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that it has not yet commenced bulk sales of petroleum products to marketers from its Port Harcourt Refining Company (PHRC). Currently, the company is selling products sourced from the Dangote Refinery at its retail stations. EDITOR’S PICKS Japa: Russia Opens Doors to Migrants Amid Workforce Shortage … Read more
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has sealed two petroleum retail outlets and two gas stations in Delta State due to what it called sharp practices. Delta State Coordinator of NMDPRA, Victor Ohwodiasa, disclosed this on Thursday while briefing journalists in Warri. EDITOR’S PICKS Trump Taps Fox News … Read more
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has cautioned the Federal Government against issuing import licences to petroleum traders, warning it could harm Nigeria’s nascent refining sector. CORAN’s Publicity Secretary, Eche Idoko, voiced concerns that some marketers were determined to import substandard petrol, using Nigeria as a dumping ground for rejected products from … Read more
Frustration is growing in Nigeria as fuel prices reach record highs, with reports emerging that petrol stations are manipulating pump meters to under-dispense fuel. Customers are paying more for less, exacerbating the economic strain as the official petrol price hits ₦1,030 per liter. This has led to widespread public outcry and calls for increased regulatory … Read more
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Resources Authority, NMDPRA, has sealed two filling stations for diversion of Petroleum products between August and October in the state. The Coordinator of NMDPRA, Mr Ikechukwu Eseka, stated this when officials of the State Petroleum Products Monitoring Committee, PPMC, visited him on Wednesday in Eket. … Read more
Dangote Refinery has clarified reports regarding a court case filed against the Nigerian National Petroleum Corporation Limited (NNPCL) and five other companies over the importation of petroleum products. The five other companies involved are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited, and Matrix Petroleum Services Limited. EDITOR’S PICKS … Read more
The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, has reassured Nigerians that discussions with Dangote Refinery for direct petrol loading are progressing and will soon be finalized. Speaking during the inauguration of a task force to combat oil bunkering and pipeline vandalism in Abuja on Wednesday, Maigandi expressed confidence … 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
The Department of State Services (DSS) has brokered peace between the Nigerian National Petroleum Company Limited (NNPCL) and independent petroleum marketers, resolving a dispute over Premium Motor Spirit (PMS) pricing and supply. EDITOR’S PICKS ICYMI: Nigerian TikToker, Oloba Salo Reportedly Shot in Lekki, Don’t Scrap the EFCC, Fix It, Fintiri Slams Calls For Abolition AFCON … 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
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has said that Dangote Refinery in Lagos will supply the Nigerian market with 25 million litres daily this September. It also said that beginning in October, the 650,000 barrels per day facility will pump 30 million litres daily into the Nigerian market. EDITORS PICK: Maduro Grounded: … Read more
Independent oil marketers in Nigeria have raised the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to between ₦900 and ₦1,000 per litre. This sharp increase contrasts with the lower prices at Nigerian National Petroleum Company (NNPC) stations, where petrol is sold for ₦568 to ₦617 per litre, leading to long queues … Read more
Fuel queues have resurfaced in Lagos as many filling stations ran out of stock, leading to closures and long lines at the few stations still dispensing fuel. It was gathered on Sunday in Lagos that most filling stations along Ikorodu Road were not selling. However, the Nigerian National Petroleum Company Ltd. (NNPCL) and NIPCO at … Read more
The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, says it will clamp down and withdraw the license of erring marketers aiding the peddling of petroleum products, particularly Premium Motor Spirit in jerry cans. The NMDPRA made this known on Friday after an indoor stakeholders’ meeting involving major retail outlet managers … Read more
The House of Representatives has dissolved the ad-hoc Joint Committee on Downstream and Midstream Committee probing activities of the Nigeria National Petroleum Company Ltd.(NNPCL), and the Nigeria Midstream and Downstream Petroleum Regulatory Authority(NMDPRA). EKO HOT BLOG reports that the spokesperson of the House of Representatives, Rep. Akin Rotimi, made this known in a statement on … Read more
NMDPRA is awaiting new reports to confirm the sulphur content of Dangote refinery diesel amid claims and counterclaims about fuel quality. EKO HOT BLOG reports that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is anticipating new reports to verify the sulphur content of diesel produced by the Dangote refinery. This follows Dangote’s rebuttal of … Read more
The Senate has raised concerns about the increase in substandard petrol and diesel in Nigeria. EKO HOT BLOG reports that the Senate on Wednesday raised an alarm over the increase in substandard Premium Motor Spirit (petrol) and diesel in the Nigerian market. Senator Asuquo Ekpeyong noted that on June 16, 2024, a report revealed that 12 … Read more
NMDPRA mandates filling stations in Nigeria to sell Compressed Natural Gas (CNG) as an alternative fuel. CNG is praised for its clarity, lack of odor, and non-corrosive properties. Engr. Farouk Ahmed underscores the federal government’s push for CNG adoption. EKO HOT BLOG reports that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has ordered filling … Read more
IPMAN threatens to shut down 30,000 filling stations nationwide Demands payment of N200 billion debt from FG Warns of “terrible consequences” if debt not cleared IPMAN’s Ultimatum: Clear N200bn Debt or Brace for Fuel Crisis Eko Hot Blog reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) plans to shut down 30,000 filling stations … Read more
Cooking gas price in Nigeria have surged by 38% Year over Year. The increase is attributed to the foreign exchange crisis impacting the market. Government officials are engaging with stakeholders to stabilize domestic prices. Eko Hot Blog reports the cooking gas price for a 12.5 kg cylinder has risen to N14,150, about 38 percent Year … Read more