The Warri Refinery restarted operations at 60% capacity. It produces key products like AGO, SRK, and LPG, boosting Nigeria’s energy security. NNPCL’s efforts in reviving the refinery are commended for strengthening petroleum supply. The Senior Special Assistant to President Bola Tinubu on New Media, O’tega Ogra, has announced that the Warri Refinery officially restarted operations … Read more
Warri Refinery resumes operations with ongoing rehabilitation, confirms NNPCL CEO. The facility currently operates below full capacity but shows significant progress. Mele Kyari assures Nigerians of real progress in refinery rehabilitation efforts. The Warri Refining and Petrochemicals Company (WRPC), with a refining capacity of 125,000 barrels per day, has resumed operations, marking a significant milestone … 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
The House of Representatives has directed the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) to provide detailed records on oil production, crude sales, and other upstream petroleum operations in the country. This mandate was issued during a joint session of the House Committee on Finance and the Committee on National Planning, held in Abuja on Friday … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has adjusted the price of Premium Motor Spirit (PMS) for marketers, lowering it from ₦1,045 per litre to ₦1,030 per litre. This announcement was made by Dr. Billy Harry, National President of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), during a strategic meeting and award … Read more
The Federal Government has lifted the ban restricting the posting of National Youth Service Corps (NYSC) members to private sector organizations, opening opportunities for corps members to be posted to industries like banking and oil and gas. In a memo dated November 18, 2024, Minister for Youth Development, Ayodele Olawande, announced that the new policy … Read more
The administration of President Bola Tinubu has pledged to deliver a minimum of 20 hours of daily electricity supply to urban and industrial areas in Nigeria by 2027, contingent on improved funding for the country’s oil and gas sector. Olu Verheijen, the Special Advisor to the President on Energy, shared this goal during the African … Read more
The World Bank has leveled serious accusations against the Nigerian National Petroleum Company Limited (NNPCL), alleging inconsistencies and a lack of transparency in its financial reporting to the Federal Account Allocation Committee (FAAC). In its Accelerating Resource Mobilisation Reforms (ARMOR) Report released in May 2024, the World Bank highlighted concerns over NNPCL’s opaque financial practices, … Read more
Nigerian oil company Oando Plc has been shortlisted by the Trinidad and Tobago government as one of three finalists to acquire the state-owned Petrotrin refinery. The announcement was made by Trinidadian Finance Minister Colm Imbert during the presentation of the national budget on September 30, 2024. The defunct Petrotrin refinery, located in Pointe-a-Pierre, has … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced plans to meet with Dangote Refinery this week to discuss direct procurement of Premium Motor Spirit (PMS), commonly known as petrol, and explore potential price reductions. IPMAN spokesperson, Chief Chinedu Ukadike, shared this update in a recent statement, expressing optimism among members about the imminent … 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 Independent Petroleum Marketers Association of Nigeria (IPMAN) has declared its readiness to buy petrol from Dangote Refinery, regardless of the price set by the organization. EDITOR’S PICKS Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter Misinformation Grinds Down Trust Between Govt, People -Minister UEFA To Honour Ronaldo For Record-Breaking Champions League Career EKO … Read more
The Nigerian National Petroleum Company (NNPC) Limited has unveiled plans to collaborate with private sector firms for the management and maintenance of its Kaduna and Warri refineries. This strategic move is designed to bolster the country’s petrol supply and enhance energy security. EKO HOT BLOG reports that the announcement was made via a circular posted … Read more
The Nigerian National Petroleum Company (NNPC) Ltd has clarified that it is currently selling petrol (Premium Motor Spirit, PMS) at half of its actual landing cost, not offering a subsidy. Speaking in Abuja on Monday, NNPC’s Chief Financial Officer, Umar Ajiya, explained that the company is covering what he described as a “shortfall” rather than … Read more
President Bola Tinubu has departed Abuja for a three-day official visit to Malabo, Equatorial Guinea, following an invitation from President Teodoro Obiang Nguema Mbasogo. The President’s flight took off around 1:00 PM on Wednesday. EDITOR’S PICKS Focus on Hard Work, Not Just Prosperity – Osinbajo Tells Nigerian Churches Olympics Best Basketball Coach: Tinubu Hails As … Read more
EKO HOT BLOG reports that President Bola Ahmed Tinubu has implemented policy directives aimed at enhancing the investment climate and positioning Nigeria as the primary investment hub for the oil and gas sector in Africa. This information was disclosed in a statement signed by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale. Ngelale emphasized … Read more
As Nigeria prepares for the inauguration of Asiwaju Bola Tinubu as the country’s 16th president, there are key things you need to know. EKO HOT BLOG gathered that ahead of the inauguration, Nigerians have called on the president-elect to take quick actions to tackle critical issues in the country’s economy, security, fuel subsidy and … Read more
Atiku has vowed to liberate the oil and gas sector, if he eventually emerges president in 2023. EKO HOT BLOG reports that the Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar, Sunday, said he was prepared to block all leakages that have encouraged mismanagement and inconsistent delivery of fuel to Nigerians. He also promised to … Read more
Buhari says the Kolmani oil and gas project attracted over $3 billion in investment despite a low appetite for fossil energy. Eko Hot Blog reports that President Muhammadu Buhari has said that his administration attracted over $3 billion in investment to the Kolmani Integrated Development Project at a time of near-zero appetite for investment in … Read more
Nigeria has changed the way marginal oilfields are allocated to avoid legal problems that bedeviled previous bidding round, the director of the Department of Petroleum Resources (DPR) said on Tuesday. Nigeria in early June launched its first bidding round for marginal fields – smaller blocks typically developed by domestic companies – in nearly 20 years. … Read more