The Nigerian National Petroleum Company Limited (NNPCL) has once again increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N1,030 per litre. This price hike was observed at NNPCL outlets in Abuja on Wednesday. According to Premium Times, the increase follows NNPCL’s decision to terminate its exclusive purchase agreement with … Read more
The Nigerian National Petroleum Company Limited (NNPCL) is confident that it can increase crude oil production from 1.7 million barrels per day to 3 million. Speaking in Abuja on Saturday at a Stakeholders Engagement Session with National Assembly journalists, the Chief Corporate Communications Officer Olufemi Soneye, emphasised that achieving this goal required support from all … Read more
The House of Representatives has called on the Federal Government to order the Nigerian National Petroleum Corporation Ltd., NNPCL, to allow independent marketers to lift fuel from Dangote Refinery This followed the adoption of a motion of urgent public importance by Rep. Oboku Oforji (PDP-Bayelsa), during plenary on Thursday. EDITOR’S PICKS: School Proprietress Allegedly Killed, … Read more
There are strong indications that President Bola Tinubu may abolish the Ministry of Humanitarian Affairs and Poverty Alleviation as part of a major cabinet reshuffle. According to sources within the presidency, this shake-up could involve merging or splitting various portfolios, along with the possible dismissal of some ministers. Facing increasing pressure from both internal and … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has given major petroleum marketers the green light to start lifting premium motor spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery. This decision aligns with the existing agreement between NNPCL and the refinery. Under the original agreement, NNPCL was designated as the exclusive distributor of … Read more
Salihu Lukman, former National Vice Chairman (North-West) of the All Progressives Congress (APC), has accused the Nigeria National Petroleum Company Limited (NNPCL) of manipulating petroleum prices since the Dangote Refinery began operations. EKO HOT BLOG reports that in a statement titled “Nigerian Democracy in ICU,” Lukman argued that the pricing system is designed to maintain a … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized the Nigerian National Petroleum Company Limited (NNPCL) for selling petrol sourced from the Dangote Refinery at a higher price than imported fuel. Speaking on Channels Television’s The Morning Brief, IPMAN’s National Welfare Officer, John Kekeocha, questioned the pricing disparity. “If NNPC can sell Dangote products … Read more
The prices of Premium Motor Spirit (petrol) ranged between N897 and N980 per litre at major filling stations in the Federal Capital Territory, Abuja, as of Monday morning. An EKO HOT BLOG correspondent visited several major filling stations, including those operated by Independent Petroleum Marketers and NNPCL, revealing that pump prices per litre ranged from … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has announced that petrol supplied by the Dangote Refinery will be sold at different prices across the country, with northern regions facing the highest rates. In a Monday statement titled “NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing,” NNPC spokesperson … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has insisted that it paid ₦898 per litre for petrol purchased from Dangote Refinery. Olufemi Soneye, NNPCL’s Chief Corporate Communications Officer, reiterated this in response to a statement from the refinery. Earlier, Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote, had denied NNPCL’s claim, stating that … Read more
Dangote Refinery has refuted claims that it sold fuel to the Nigerian National Petroleum Company Limited (NNPCL), at N898 per litre. The company labeled the assertion as “misleading and mischievous.” In a statement issued on Sunday, signed by Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Industries, the refinery urged Nigerians to disregard … Read more
Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against President Bola Tinubu over “the failure to reverse the increase in the pump price of petrol. The lawsuit is also filed by SERAP against the President’s failure to probe the allegations of corruption and mismanagement in the Nigerian National Petroleum Company Limited, NNPCL. Joined … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has revealed that it purchased fuel from Dangote Refinery at ₦898 per litre. EDITOR’S PICKS Japan’s Next PM Vows to Respect BOJ’s Autonomy Insecurity: Stop Hiding Behind Opposition—APC Urges Zamfara Govt Delta Child Rights Amendment Bill Passes Second Reading EKO HOT BLOG reports that on Saturday, the NNPCL moved … Read more
The Nigerian National Petroleum Corporation Limited (NNPCL) has commenced the lifting of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Refinery in Ibeju-Lekki, Lagos State. Over the weekend, more than 100 NNPCL trucks arrived at the refinery, with the first batch of petrol successfully loaded. The Dangote Group confirmed this development through … 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
Officers from the Department of State Services (DSS) reportedly took over the Abuja office of the Socio-Economic Rights and Accountability Project (SERAP) on Monday afternoon. According to SERAP, the DSS agents were demanding to meet with the directors of the human rights organization. EDITOR’S PICKS School Proprietress Allegedly Killed, Burnt By Son In Delta Man … Read more
The House of Representatives Committee on Petroleum Resources (Upstream) has called on the Federal Government and the Nigerian National Petroleum Company Ltd, NNPCL, to reverse fuel to the old price. In a statement in Abuja, the Chairman of the committee, Rep. Alhassan Ado-Doguwa, described the petrol hike as unacceptable. EDITORS PICK: Maduro Grounded: US Confiscates … Read more
As Nigerians anticipate the release of Premium Motor Spirit (PMS) from the $20bn Dangote Petroleum Refinery, the Nigerian National Petroleum Company Limited (NNPCL) has announced it will begin lifting the product from the refinery on September 15, with prices influenced by foreign exchange rates and market forces due to the deregulated market. EDITOR’S PICKS Police … Read more
The Nigerian National Petroleum Corporation Limited (NNPCL) has reportedly suspended the sale of Premium Motor Spirit (PMS), commonly known as petrol, to independent marketers following a price hike to N855 per litre at its retail outlets nationwide. This decision, made on Tuesday, has exacerbated fuel scarcity, leading to widespread protests and long queues at petrol … Read more
Some residents of Ibadan have described the sudden increase in transport fares, amid the announcement of a new petroleum pump price by the Nigerian National Petroleum Corporation, NNPC, as unbearable. The residents, expressing their pains on Wednesday said the hardship brought about by the recent increase was sudden and agonising. EKO HOT BLOG recalls that … Read more