Eko Hot Blog reports that the Central Bank of Nigeria has created a department to deal with crude oil sales transactions by the Nigerian National Petroleum Company Limited, the Group Chief Executive Officer, NNPCL, Mele Kyari, announced on Thursday. Kyari also revealed that the Board of Directors of NNPCL had approved the decision to move … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria has created a department to deal with crude oil sales transactions by the Nigerian National Petroleum Company Limited, the Group Chief Executive Officer, NNPCL, Mele Kyari, announced on Thursday. Kyari also revealed that the Board of Directors of NNPCL had approved the decision to move significant … Read more
EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPCL) has explained why there are currently long queues at some filling stations in Lagos State. The NNPCL, tied the development to a “brief distribution issue.” This online media platform gathered that long lines were seen on Monday at several petrol stations in Lagos. Locals … Read more
EKO HOT BLOG reports that President Bola Tinubu has ordered the Central Bank of Nigeria (CBN) to take over the responsibility for crude oil sales from the Nigerian National Petroleum Company Limited (NNPCL). This online media platform gathered that the move was to show transparency and accountability as NNPCL over the years has maintained sole control … Read more
Eko Hot Blog reports that the Nigerian National Petroleum Company (NNPC) has released its 2022 financial statement, saying that its revenue increased to N8.81 trillion in 2022. The national oil company disclosed this in its audited financial statements on Thursday for the 16-month period ending December 2022. According to NNPP, the document showed that the … Read more
EKO HOT BLOG reports that the Nigerian National Petroleum Corporation Limited has revealed that test runs at the 60,000-bpd Port Harcourt refinery will be completed this month. “Testing will conclude shortly, ensuring the refinery’s efficient operation. That phase will be completed this month,” Reuters quoted NNPC spokesperson, Femi Soneye, as saying. EDITOR’S PICKS [BREAKING] 2024: Tinubu … Read more
Eko Hot Blog reports that the Nigerian National Petroleum Company (NNPC) Limited has reacted to a media report alleging fresh plans to increase the price of petrol to N1,200 per litre. Social media reports, on Wednesday had fueled rumours of a new increase in the price of fuel across the country. Reacting to the rumour, … Read more
Eko Hot Blog reports that President Bola Tinubu has inaugurated the board of directors of the Nigerian National Petroleum Company (NNPC) Limited. The NNPCL spokesperson, Femi Soneye, disclosed the development on Monday. He said the president inaugurated the board on Monday at the villa in Abuja. In November, Tinubu approved the appointment of the new … Read more
Eko Hot Blog reports that Dangote Refinery management has officially acknowledged the receipt of the inaugural one million barrels of crude cargo. It, however, revealed that operation will commence after the National Petroleum Company Limited (NNPCL) supply the subsequent four shipments within the next two to three weeks, while ExxonMobil will provide the final shipment … Read more
Eko Hot Blog reports that the Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Mele Kyari has been given a 24-hour notice to appear before the Senate Appropriations Committee. Senator Adeola Olamilekan, the committee’s chairman of the committee on Wednesday additionally requested that Kyari be present in the presence of the Nigerian Upstream … Read more
Eko Hot Blog reports that the pump price of Premium Motor Spirit, popularly called petrol, may be reduced in filling stations operated by independent marketers this week, following the massive imports of PMS by the Nigerian National Petroleum Company Limited, oil dealers stated on Saturday. It was gathered that the recent hike in petrol prices … Read more
EKO HOT BLOG reports that strong indications have emerged that oil marketers in the country would soon end the Nigerian National Petroleum Company Limited (NNPCL)’s monopoly of importation of Premium Motor Spirit (PMS), popularly known as petrol. This online media platform understands that oil marketers have resolved to resume the importation of fuel to stop … Read more
Eko Hot Blog reports that The Group Chief Executive Officer of Nigerian National Petroleum Company (NNPCL) Limited, Mele Kyari has said Nigeria would become a net exporter of premium motor spirit by 2024. Editors Pick NECO Announces Release Of 2023 SSCE Result FG Announces Plan To Commence Home Delivery Of Nigerian Passports BREAKING: Police Officer … Read more
Eko Hot Blog reports that the Group Managing Director and Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has denied claims that the government has returned fuel subsidy. It would be recalled that President Bola Tinubu, on May 29, during his inauguration, announced the end of the fuel subsidy … Read more
Eko Hot Blog reports that the Nigerian National Petroleum Company (NNPC) Limited has denied plans to increase its pump prices. The NNPC, in a statement issued Friday, said it values its customers’ patronage and does not intend to increase its Premium Motor Spirit (PMS) pump prices. Editors Pick K1 Band Members Abscond After Show In … Read more
Eko Hot Blog reports that the Nigerian National Petroleum Company Limited (NNPCL), has denied reports of conducting secret recruitment without board approval. An unconfirmed report on social media had claimed that about 35 people were secretly recruited into the NNPC Limited under the leadership of Group Chief Executive Officer, Mele Kyari and are either undergoing … Read more
Eko Hot Blog reports that Chevron Nigeria Limited has debunked reports that the company has a hand in the raging oil theft in the crude oil-rich region of the Niger Delta. Chevron is the operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL – NNPCL/CNL JV. Editors Pick BREAKING: DSS … Read more
EKO HOT BLOG reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticised the Nigerian National Petroleum Company Limited (NNPCL) for securing a loan of $3 billion for the purpose stabilising the Naira. IPMAN Chairman in Rivers State, Dr. Joseph Obele, in a statement made available to LEADERSHIP Weekend in Port Harcourt yesterday, … Read more
Eko Hot Blog reports that the Nigerian National Petroleum Corporation Limited (NNPCL) on Monday evening reacted to the speculations that petrol prices might be increased. The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday indicated that the pump price of Premium Motor Spirit (PMS) may rise to about N750 per litre. Editors Pick BREAKING: … Read more
Eko Hot Blog reports that President Bola Tinubu on Friday performed the groundbreaking ceremony for the 1350 Megawatts (MWh) Gwagwalada Independent Power Plant (IPP) belonging to NNPC Limited in Abuja. Speaking at the ceremony, the president assured that the federal government will remove all distribution bottlenecks. EDITOR’S PICKS Meet Tunji Alausa, The Epe-born Nephrologist On … Read more