The Dangote Petroleum Refinery and the Petroleum Products Retail Outlets Owners Association (PETROAN) are in ongoing discussions to finalise the details for lifting petroleum products from the refinery. EKO HOT BLOG reports that on Monday, Dr. Billy Gillis-Harry, the National President of PETROAN, led the association in negotiations with Dangote Refinery in Lagos. The talks … Read more
The Senate plenary on Tuesday saw a heated confrontation between Senate President Godswill Akpabio and Senator Ahmed Aliyu Wadada (SDP, Nasarawa West) over claims regarding the operational status of the Port Harcourt refinery. EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPCL) had announced last week that the refinery had resumed operations. However, … Read more
Human rights lawyer Deji Adeyanju has strongly condemned the arrest of investigative journalist Fisayo Soyombo, calling it an attack on press freedom. On Friday, Lieutenant Colonel Danjuma Danjuma, Acting Deputy Director of 6 Division Army Public Relations, confirmed Soyombo’s arrest, explaining that it occurred during a military operation targeting a notorious gang involved in pipeline … Read more
The Dangote Petroleum Refinery has commenced the export of refined petroleum products to neighboring West African nations, signaling a potential disruption in regional fuel markets. A Bloomberg report on Tuesday, citing data from Vortexa, Kpler, Precise Intelligence, and ship-tracking platforms, revealed that a tanker recently transported a shipment of gasoline from Dangote’s refinery to the … Read more
A large crowd of activists gathered in Abuja’s Three Arms Zone on Tuesday, calling for comprehensive reforms in Nigeria’s oil sector. Led by the APC Solidarity and Development Forum alongside various youth and civil society groups, protesters voiced their frustrations over rising fuel prices, ongoing shortages, and worsening economic conditions impacting Nigerians. During the demonstration … Read more
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused Dangote Refinery of trying to stifle competition in the downstream sector. This allegation follows Dangote Refinery’s claims that marketers were criticizing its petrol pricing in an effort to import cheaper, potentially lower-quality products. On Sunday, Dangote Refinery announced that it sells petrol at … Read more
The conflict between Dangote Refinery and Nigerian petroleum marketers has escalated, with Dangote Group President Aliko Dangote suggesting that marketers have shown little interest in purchasing from his refinery. The dispute, which initially surfaced in September amid the distribution of premium motor spirit (PMS), involves the Dangote Refinery, Nigerian National Petroleum Company Limited (NNPCL), and … Read more
The Federal Government has dismissed viral reports claiming that the Ministry of Petroleum directed the NNPCL to sell fuel at ₦1,000 per liter, above the approved pump price. A report, not attributed to The Nation, alleged that the Minister of State for Petroleum Resources, Hon. Heineken Lokpobiri, instructed NNPC to raise the fuel price to … Read more
Nigeria’s oil marketers are optimistic about the imminent start of commercial production at the Port Harcourt Refinery, following a recent visit by key industry figures. EDITOR’S PICKS ‘Demonstration Continues’ – Lagos Protest Organizers Declares ‘FG’s Policies Major Cause Of Hardship’ – Obaseki Reacts As Edo Protesters Worship On Street LSMTL Targets ISO/17025 Accreditation for Global … 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
Senator Seriake Dickson alleges elites from Lagos and Abuja behind rampant oil theft Claims lack of scientific metering and monitoring system for oil production deliberate Accuses official security system, oil industry, and federal authorities of complicity Eko Hot Blog reports that the representative of Bayelsa West in the National Assembly, Senator Seriake Dickson, has alleged … Read more
The Nigerian government has removed the subsidy on petrol, leading to a sharp hike in pump prices and commercial transport fares. Petrol stations have closed, causing long queues across the country. Some stakeholders believe that the subsidy removal is a welcome development, while others think it could punish already impoverished Nigerians. EKO HOT BLOG reports … Read more
NNPC has secured $5bn Funding from Afreximbank for Nigeria’s Oil Industry. Eko Hot Blog reports that the Nigerian National Petroleum Company Ltd has secured a $5bn corporate finance commitment from the African Export-Import Bank to fund major investments in Nigeria’s upstream sector. The funding commitment is a fallout of the meeting between the Chairman of the Board … Read more