NNPCL attributes recent fuel scarcity in Abuja and Lagos to discharge hitches of vessels and reassures Nigerians that efforts are underway to restore normalcy. EKO HOT BLOG reports that the Nigeria National Petroleum Company Limited (NNPCL) has explained the reasons behind the recent fuel scarcity in Abuja and Lagos State. NNPCL clarified that the tight supply … Read more
Fuel Scarcity: NNPCl Gives Reasons The Nigerian National Petroleum Company Limited, NNPC Ltd has explained the reasons behind the fuel scarcity in Lagos and the Capital wishes to state that the Federal Capital Territory, Abuja. In a statement by the company’s Chief Corporate Communication Officer, Mr. Olufemi Soneye, the tightness in fuel supply and distribution … Read more
NNPCL has started a new recruitment exercise, inviting interested candidates to apply via their official website. EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPCL) has announced the start of a new recruitment drive. The announcement was made via the company’s official X account on Friday. The statement encourages individuals eager to build … Read more
How President Asiwaju Bola Ahmed Tinubu Busted NNPC FRAUD NNPC Audited Report for 2022 showed they paid For 20% shares in Dangote Refinery – Dangote says it’s a Lie. Under Buhari’s govt, the NNPC committed to invest $2.7bn and buy 20% shares in the Dangote Refinery. In January, the NNPC, after intense pressure, released their … Read more
Malta Deals: Kyari Distances Himself From Dangote’s Allegation The drama between business mogul, Aliko Dangote and the Nigerian National Petroleum Company Limited, NNPCl may expose those behind the dirty deals in the country’s oil sector. Dangote, while addressing a press conference accused some people of the NNPCL of blending crude oil in the Malta, a … Read more
The Minister of State Petroleum Resources (Oil) Heineken Lokpobiri has on Monday meet with the Chairman and CEO of Dangote Group Aliko Dangote over issues surrounding the Dangote Refinery. Eko Hot Blog reports that the meeting had in attendance NNPCL group CEO Mele Kyari, Farouk Ahmed, CEO of Nigerian Midstream and Downstream Petroleum Regulatory Authority … Read more
Can Dangote Survive The Slippery Oil Sector ? Until recently, Alhaji Aliko Dangote has always enjoyed every government in power. As a matter of fact, he enjoyed a lot of free excise duties under the immediate past administration of President Muhammadu Buhari, which did not only boost his business but also help him to monopolise … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has seen its stake in the Dangote Refinery drastically reduced. Eko Hot Blog reports that the companies initiatial 20% share has dropped to 7.2% due to a failure to meet the required payment obligations. This was announced on Sunday by the Chief Executive Officer (CEO) of Dangote Refinery, … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has directed petrol stations to stay open longer to improve the supply and distribution of Premium Motor Spirit (PMS), commonly known as petrol. Eko Hot Blog reports that the company called on fuel stations to aid availability of the product in view of the current tight situation. Editor’s … Read more
Fuel scarcity is making a troubling return in Lagos and various parts of Nigeria, caused by a significant hike in the ex-depot price of petrol. Eko Hot Blog gathered that private depot owners have raised price of the product from N630 to N720 per litre. According to PUNCH, the situation has worsened in Abuja and … Read more
The Nigerian National Petroleum Company (NNPC) Limited has launched an aggressive campaign against all obstacles hindering crude oil production in Nigeria. Eko Hot Blog reports that, in a bid to address these obstacles, the company announced that a state of emergency has been declared regarding crude oil production in Nigeria. The Group Chief Executive Officer … Read more
Independent Marketers Hike Petrol Prices Wide Price Gap Between Major and Independent Sellers Supply Breakdown at NNPC Blamed for Price Surge Eko Hot Blog reports that despite an improvement in fuel supply, independent marketers have shockingly increased petrol prices nationwide. In contrast, major marketers have maintained relatively stable prices, creating a significant price disparity. Editor’s … Read more
Kaduna Refinery undergoing renovation, set to resume production. Managing Director aims for 60% capacity by December 31st, 202. Senate oversight visit part of efforts to revive all national refineries. EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPCL) has said the Kaduna Refining and Petrochemicals Company (KRPC) will resume production after the completion … Read more
Eko Hot Blog reports that the Independent Petroleum Marketers Association of Nigeria, IPMAN, said yesterday that the petrol scarcity currently spreading to more states across the country will take at least two weeks to normalise. This is even as the Nigerian National Petroleum Company Limited, NPCL insisted yesterday that it has adequate stock of the … Read more
Eko Hot Blog reports that the Federal Government, through the Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited, have refuted claims of subsidy reinstatement on Premium Motor Spirit (petrol) made by various individuals and groups.” The government also challenged those who make this argument to provide evidence to justify their allegations, stressing … Read more
Eko Hot Blog reports that Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. A statement by the organisation on Tuesday night explained that the significant reduction in the price of diesel is expected to positively affect all the spheres of the economy and … 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
EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPCL) has said it is working towards ending fuel shortage in the country in the next ten years. The NNPCL Group Chief Executive Officer, Mele Kyari, made this known on Tuesday at the opening ceremony of the seventh edition of the Nigerian International Energy Summit … Read more
EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPCL) has been given a seven-day ultimatum by the Socio-Economic Rights and Accountability Project (SERAP) to account for alleged missing oil revenues totaling USD$2.04 billion and N164 billion, as documented in the latest annual report by the Auditor-General of the Federation. In a letter dated … Read more