Dangote Refinery says there’s no fuel shortage despite drivers’ strike. NUPENG claims new drivers are told not to join union, Dangote denies. Talks ongoing between the union, company, and government. Despite an ongoing strike by fuel tanker drivers, Dangote Refinery has said there is no cause for alarm as fuel distribution remains stable nationwide. Eko … Read more
Ardova Plc partners with Dangote Refinery for competitive fuel pricing. Deal aims to boost efficiency and competition in Nigeria’s oil sector. Dangote Refinery and MRS offer petrol at ₦935 per litre nationwide. Ardova Plc, one of Nigeria’s leading integrated downstream oil and gas companies, has signed a bulk purchase framework with Dangote Refinery to ensure … Read more
The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed claims that employment, promotions, appointments, and leadership changes within the company are influenced by ethnicity, tribe, religion, or political affiliation. Olufemi Soneye, Chief Corporate Communications Officer of NNPCL, emphasized that merit, business requirements, and expertise are the sole factors guiding decisions at the company. He … Read more
Centralized Data and Enhanced Tracking: NNPC’s Strategy to Revolutionize the Energy Sector Mele Kyari’s Has Achieved A Production Increase to 1.8m bpd PMCC: A Transformative Step in Boosting Oil Production and Operational Efficiency The Nigerian National Petroleum Company Limited (NNPC Ltd.) has introduced the Production Monitoring Command Centre (PMCC), a transformative initiative aimed at revolutionizing … Read more
Fuel marketers have provided an explanation for the delay in the reduction of petrol prices in Nigeria, despite official announcements by both Dangote Petroleum Refinery and the Nigerian National Petroleum Company (NNPC). In a move aimed at easing the burden on Nigerians ahead of the holiday season, Dangote Petroleum Refinery had announced a price reduction … Read more
Dangote Industries Limited President, Aliko Dangote, has applauded President Bola Tinubu’s naira for crude swap deal, citing its positive impact on Nigeria’s economy and the subsequent reduction in petrol prices. Eko Hot Blog reports that im a statement released on Saturday, Dangote announced a partnership with MRS Petrol station, which will see petrol sold at … Read more
The Port Harcourt Refinery has halted operations less than a month after it seemingly resumed production. On Thursday, December 19, 2024, it was observed that the facility had ceased lifting Premium Motor Spirit (PMS), leaving its previously bustling loading bay deserted. This development comes after initial fanfare surrounding the refinery’s reopening following a $1.5 billion … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for a reduction in petrol prices, urging the Dangote Refinery to lower its ex-depot price from ₦970 per litre in light of a reduced estimated landing cost of ₦900.28 per litre. This plea comes amidst the Federal Government’s crude-for-naira initiative, which began in October 2023. … Read more
The Senate has approved the 2024–2026 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for implementation by the Federal Government. EKO HOT BLOG reports that the approval followed the presentation of a report by the Chairman of the Joint Committees on Finance, and National Planning & Economic Affairs, Senator Mohammed Sani Musa (Niger East). … Read more
The Port Harcourt Refining Company (PHRC) has scaled down its operations to enhance the facility while resuming limited product distribution, including Premium Motor Spirit (PMS), kerosene, and diesel. This development comes as independent petroleum marketers challenge the proposed price of N1,030 per litre for petrol from the refinery, citing concerns over affordability compared to alternatives … 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) Ltd. has fulfilled its commitment to re-stream the Port Harcourt Refining Company (PHRC), marking the start of crude oil processing and the distribution of petroleum products to the market. This milestone was announced in a statement on Tuesday by the Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye. … Read more
The Nigerian National Petroleum Commission (NNPC) has attributed the delay in the much-anticipated take-off of the Port Harcourt Refinery to unforeseen challenges encountered during its rehabilitation, describing the project as a complex brownfield operation. EKO HOT BLOG reports that speaking on Monday, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, stated that the company had achieved … Read more
The Nigerian National Petroleum Company (NNPC) Limited has dismissed recent reports alleging the imminent removal of its Group Chief Executive Officer (GCEO), Mele Kyari. Speaking to The Punch on November 15, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, described the speculation as baseless and urged the public to disregard the claims. EDITOR’S PICKS Trump Taps … Read more
The Nigerian National Petroleum Company (NNPC) Limited announced key leadership changes on Wednesday, appointing Mr. Adedapo Segun as the new Chief Financial Officer (CFO) and Mr. Udobong Ntia as Executive Vice President (EVP) for Upstream. In a statement issued by NNPC’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, the national oil company also appointed Mr. … Read more
The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, discredited allegations of sabotage against local refineries by the organization. Kyari emphasized NNPCL’s dedication to remedying Nigeria’s energy challenges by prioritizing energy security, sustainable growth, and affordable energy solutions. During the inauguration of the 42nd Nigeria Association of Petroleum Explorationists … Read more
The team searching the Atlantic Ocean off Bonny Finima’s coast has recovered the Flight Data Recorder (FDR) and Cockpit Voice Recorder (CVR) from the Sikorsky SK76 helicopter, registered as 5N BQG, which crashed on October 24, 2024. Mrs. Bimbo Oladeji, NSIB’s Director of Public Affairs and Family Assistance, announced that the recovery team included the … 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
Operatives from the Osun State Command of the Nigeria Security and Civil Defence Corps (NSCDC) arrested a tanker driver on Saturday for diverting Premium Motor Spirit (PMS), commonly known as petrol, intended for the NNPC mega station. Commandant Sotiyo Igbalawole reported that the driver, Afeez Adegbola, 47, was apprehended on Friday night in Ikirun while … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has, for the second time this month, increased the pump price of Premium Motor Spirit, otherwise known as petrol. The latest price hike is coming despite the ongoing economic challenges facing the nation. Reports indicate that residents of Lagos will now pay N1,025 per litre, while those in … Read more